Billionaire David Blitzer, co-founder of Harris Blitzer Sports & Entertainment, is conducting due diligence on Royal Challengers Bengaluru and Rajasthan Royals.
Diageo's India arm will begin a strategic review of its investment in a unit which owns the IPL team Royal Challengers Bengaluru, the spirits maker said on Wednesday.
Mumbai-based pharma major Wockhardt, which is gearing up to launch its promising antibiotic candidate Zaynich soon, on Friday announced a shift in its United States (US) operations. The Indian pharma giant revealed that it has decided to exit the generics pharmaceutical segment in the country.
JSW Paints, part of $23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm.
'We realised that partnering with a strong local player like the JSW Group would create far greater value than going it alone.'
Congress president Mallikarjun Kharge on Saturday accused the government of misleading the nation on the India-Pakistan conflict and demanded holding a special session of Parliament immediately, following Chief of Defence Staff General Anil Chauhan's acknowledgement of aircraft loss in the hostilities.
'The race is now on for Indian IT firms to develop their AI prowess and focus on a software-first approach to services as the people element becomes more complicated with Trump's expected new regulations.'
The top three Indian IT firms -- Tata Consultancy Services (TCS), Infosys and Wipro -- collectively trained over 775,000 employees in generative AI (GenAI) capability by the end of 2023-24, according to an analysis of GenAI-trained workforce of leading companies in India in this sector. This number is significantly higher that the projection made by the IT industry body Nasscom in its Strategic Review of 2023, released in February this year. It said in 2023-2024, over 650,000 employees across the IT industry received training in Gen AI skills.
The WTA and ATP have jointly announced on Tuesday new scheduling regulations that restrict evening matches to two per court and per day, with a recommended start time of 1830 local time to curb matches from concluding in the early morning hours.
The domestic technology industry's revenue is projected to grow 3.8 per cent to $254 billion this fiscal, industry body Nasscom said on Friday and highlighted creation of 60,000 more jobs during this period. The industry had clocked a revenue of $244.6 billion in the same period last year, according to Nasscom's annual strategic review report. Excluding hardware, the revenue is expected to touch $199 billion, a growth of 3.3 per cent over FY23, as per the report.
Unless one is able to convince the serving officers of the need for changes, reforms, new thinking and new concepts and ideas, even the best of task forces would fail to meet the objectives for which it was set up, says B Raman on the new task force set up to review our national security.
On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. The review would begin immediately and evaluate a broad range of options, including but not limited to a potential strategic sale of some or all of the steel businesses, the company said in its stock exchange filing. The signs have been there - approaches had been made to steel players over the past year. Last December, Anil Agarwal, chairman Vedanta group, told Business Standard that the steel plant capacity was about 3 million tonnes (mt).
'While lower steel prices may impact a part of the quarter, this will be offset by softer raw material prices.'
Williams Grand Prix Holdings (WGPH) published results for 2019 showing Formula One revenue slid to 95.4 million pounds ($117.6 million) in 2019, down from 130.7 million pounds the previous year.
The CDS has the option to focus on key areas of capability development to fight new generation wars or get bogged down in trying to bring cosmetic changes to humour the political leadership, asserts Brigadier Narender Kumar (retd).
In 2017, when Infosys announced that Salil Parekh would be its next chief executive officer (CEO) and managing director (MD), very few in the industry or the analyst community doubted his ability to bring the company back to a healthy growth trajectory, improve morale within the company and, more importantly, win the promoters' trust and investor confidence. There were reasons for this confidence. He was not only the deputy CEO of the Paris-headquartered IT services major Capgemini, but also one of the only non-European faces on the executive board of the company.
'Project Big Picture' called for the biggest six clubs in the Premier League, along with three other long-term members, to be given 'special voting rights' that would effectively put them in command of the world's most commercially successful league -- and leave the rest as second-class passengers.
The total number of staff to be cut has not been finalised but could be as high as 90 people, the sources said, declining to be identified because the matter is confidential.
America has cracked the code to penetrating how the Al Qaeda communicates, and they will soon track down Ayman al-Zawahiri, who is operating relatively close to Rawalpindi, says erstwhile Central Intelligence Agency analyst Bruce Riedel.
Bruce Riedel, erstwhile Central Intelligence Agency veteran and senior National Security Council official in the Clinton Administration, who spearheaded President Obama's strategic review on Afghanistan and Pakistan, has said the US-India strategic partnership, "a core relationship for the United States," today faces "its most difficult problem ever that is a ticking bomb next door in Pakistan -- a time bomb which could explode at any moment."
Ahead of United States President Barack Obama administration's Afghanistan-Pakistan strategic review in December, an independent task force report on Pakistan and Afghanistan, sponsored by the respected and influential Council on Foreign Relations, has said a long-term partnership with Pakistan 'can be sustained only if Pakistan takes action against all terrorist organisations based on its soil.'
Various advisers are helping Yahoo consider its options.
ICC's Chief Executive Officer Dave Richardson today said that the game's governing body is all set to prune the number of teams from 14 to 10 for the next Cricket World Cup, scheduled to be held in England in 2019.
Bruce Riedel, who spearheaded President Barack Obama's strategic review on Afghanistan and Pakistan, believes that aggressive US diplomacy to resolve the differences between India and Pakistan is 'absolutely critical' for the 'long-term chances of stabilising Afghanistan, and even more importantly, Pakistan'.He pointed out that "it got a whole lot more difficult," on 26/11 in Mumbai.
Erstwhile Central Intelligence Agency veteran Bruce Riedel, who was the co-chair of the first Af-Pak (Afghanistan-Pakistan Strategic Review) of the Obama administration, had said that the US Af-Pak policy has got in only half right, because while you can't deal with Afghanistan without dealing with Pakistan, by the same token you can't deal with Pakistan without dealing with India -- meaning you've got to address Islamabad's paranoia over New Delhi.
'It should be an imperative of American policy to support the demand for Pakistan to shut down Lashkar-e-Tayiba,' says influential Afpak strategist Bruce Riedel.
Bruce Riedel, who spearheaded President Obama's strategic review of Afghanistan and Pakistan, spoke to rediff.com on Tuesday and said the Afghanistan elections played a huge role in maintaining credibility for the US, and that leaving the fight against Taliban abruptly would only mean victory for jihadism and a renewed nightmare for India.
Bruce Riedel, senior National Security Council official in the Clinton Administration, who spearheaded President Obama's strategic review on Afghanistan and Pakistan, told rediff.com that for all the Pakistani leadership assurances that the ISI has severed its links with terrorist groups like the Lashkar-e-Tayiba and the Taliban, the ISI's association with them is as entrenched as ever.
In its Strategic Review 2009 report, Nasscom said that in the current fiscal, the exports could touch $47 billion, without giving estimates for 2010.
Vodafone Group, the world's biggest mobile phone group by revenue, is to end its sponsorship of the English cricket team following a strategic review of its sponsorship portfolio. Vodafone and the England and Wales Cricket Board (ECB) said in a statement that the current four-year sponsorship agreement would conclude at the end of the winter tour of South Africa in January 2010.
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
Names such as Danone, Dabur, Mondelez and Abbott Healthcare have also figured on the list of suitors.
Why did Pakistan sign a cease-fire without acquiring Kashmir, which was the sole purpose of the 1965 War, asks Ahmad Faruqui.
The Indian software and services exports are expected to touch the $40 billion mark in FY08 ($31.3 billion in FY07), contributing nearly 64 per cent to the overall revenue aggregate (including software exports, domestic and BPO segments), according to IT trade body Nasscom's Strategic Review 2008.
The slowdown of the US economy and the appreciating rupee hardly have any affect on the India's IT sector. The IT industry is poised to grow at 33 per cent growth in the fiscal year 2008 and is on target to emerge as a $75 billion sector by 2010, Nasscom said on Monday.
India's software services and IT-BPO exports would exceed $31 billion in the current financial year, posting a growth of 32.6 per cent over the last fiscal, industry body Nasscom has said.
An analysis of 64 large deals awarded at the start of the decade reveals that more than half witnessed some restructuring or renegotiations.
The Dutch sports car maker is to sell its loss-making Formula One team to businessman Vijay Mallya for $123 million.
Software product revenues seen at only $6.1 bn in FY15
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