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Brookfield to buy ATC's India business for $2 bn

Brookfield to buy ATC's India business for $2 bn

Rediff.com5 Jan 2024

Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of $2 billion, a release said on Friday. The transaction is subject to regulatory approvals and expected to close in the second half of 2024. "Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, today announced the signing of an agreement with ATC to acquire 100 per cent of equity interests in American Tower's operations in India (ATC India), for an enterprise value of Rs 16,500 crore ($2 billion) which is subject to pre-closing terms as per the securities purchase agreement," it said.

Govt worried as Indo-Canadians get extortion calls

Govt worried as Indo-Canadians get extortion calls

Rediff.com5 Jan 2024

India on Thursday described as 'matter of serious concern' reports that said some members of the Indian community in Canadian province of British Columbia received 'extortion calls'.

PIX: De Minaur shocks Djokovic in United Cup

PIX: De Minaur shocks Djokovic in United Cup

Rediff.com3 Jan 2024

Novak Djokovic crashed to his first defeat of the season with a stunning 6-4, 6-4 loss to Alex de Minaur.

15,940 Indians Tried To Enter US Illegally In Oct-Nov

15,940 Indians Tried To Enter US Illegally In Oct-Nov

Rediff.com3 Jan 2024

'Our missions do not have any reliable data on the number of Indians staying or working illegally in foreign countries,' the MEA says.

Weathering Foreign Policy Storms In 2023

Weathering Foreign Policy Storms In 2023

Rediff.com2 Jan 2024

Foreign policy is always a work in progress and ups and downs are built into foreign policy process. What is permanent is national interest. Hopefully, this year, which will also witness general elections in the country, will also clear clouds in the foreign policy horizon, observes Rup Narayan Das.

Govt declares Canada-based Moosewala murder kingpin Goldy Brar as terrorist

Govt declares Canada-based Moosewala murder kingpin Goldy Brar as terrorist

Rediff.com1 Jan 2024

In a notification, the Union home ministry said Brar, backed by a Pakistan-based agency, has been involved in multiple killings and professes radical ideology.

2024 May Witness More Natural Disasters

2024 May Witness More Natural Disasters

Rediff.com1 Jan 2024

'The Weather Channel argues that India faces the gravest challenge: Climate change-induced health vulnerability.' 'This is an issue often neglected, alerts Claude Arpi: "Prolonged summers, unpredictable rains, floods, droughts, and rising sea levels are the harsh realities of climate change in the country. These factors increase the frequency and severity of illnesses, pushing people into poverty, and forcing migration".'

Govt declares Canada-based Babbar Khalsa's Lakhbir Singh Landa as terrorist

Govt declares Canada-based Babbar Khalsa's Lakhbir Singh Landa as terrorist

Rediff.com30 Dec 2023

Landa currently resides in Edmonton, the capital of Alberta in Canada, and is a member of Babbar Khalsa International.

No information: MEA on likely arrest of 2 Nijjar killing suspects by Canada

No information: MEA on likely arrest of 2 Nijjar killing suspects by Canada

Rediff.com30 Dec 2023

His remarks at a press briefing came when asked about a media report that said Canada may arrest two suspects in Nijjar's killing "within weeks".

Canadian police probe firing at Indian-origin bizman's home

Canadian police probe firing at Indian-origin bizman's home

Rediff.com29 Dec 2023

According to several media reports, gunshots were fired at the residence of the son of Satish Kumar, the president of Lakshmi Narayan Mandir, in Surrey on Wednesday.

Canada: Man held for multiple break-ins at Hindu temples

Canada: Man held for multiple break-ins at Hindu temples

Rediff.com29 Dec 2023

However, the offences do not appear to be hate crimes or motivated by hate, Durham Regional Police said in a press release on Thursday.

From Tokyo to Paris: Trans athletes face new hurdles, restrictions

From Tokyo to Paris: Trans athletes face new hurdles, restrictions

Rediff.com28 Dec 2023

Pendulum swings towards tighter measures against transgender athletes

Potential bidders set to get three chances in offshore mineral auction

Potential bidders set to get three chances in offshore mineral auction

Rediff.com28 Dec 2023

For the country's maiden offshore mineral mining auction, the Centre is planning to relax the rules on the number of chances for bidding. Under the newly announced draft Offshore Areas Mineral (Auction) Rules and Offshore Areas (Existence of Mineral Resources) Rules, the ministry of mines is planning to offer three chances to potential bidders in its forthcoming inaugural offshore mining auction. If a single bid is not received during the second attempt, the plan is to initiate a new round of bidding for the third time.

India set to launch first-ever offshore mineral auction in Q1 FY24

India set to launch first-ever offshore mineral auction in Q1 FY24

Rediff.com28 Dec 2023

In a step towards diversifying its resource base and securing green energy minerals, India is poised to launch its first-ever offshore mineral auction in the first quarter of 2024, announced Union Minister of Mines Pralhad Joshi during the launch event of the National Geoscience Data Repository portal. The government plans to hold auctions in March, offering 10-15 blocks for bidding. Meanwhile, the ministry of mines is currently developing rules and regulations for offshore mining.

Canada may arrest 2 Nijjar murder suspects soon: Report

Canada may arrest 2 Nijjar murder suspects soon: Report

Rediff.com28 Dec 2023

According to the sources, when the charges are laid against the two men, police will reveal their role and that of the Indian government.

M&A Sees Sharp Decline in 2023

M&A Sees Sharp Decline in 2023

Rediff.com27 Dec 2023

Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.

2023's Must Watch Movies From Around The World

2023's Must Watch Movies From Around The World

Rediff.com26 Dec 2023

2023 was a good year for international cinema with many strong films premiering at the Berlin, Cannes, Venice and Toronto film festivals.

Plane detained by France departs for India after 3 days

Plane detained by France departs for India after 3 days

Rediff.com25 Dec 2023

A Romanian aircraft carrying 275 passengers, mostly Indians, on Monday left for India four days after they were detained by the French authorities at an airport near Paris over suspected 'human trafficking'.

France allows plane with about 300 Indians to fly after 3-day delay

France allows plane with about 300 Indians to fly after 3-day delay

Rediff.com25 Dec 2023

Four French judges earlier in the day began questioning the passengers detained by the French authorities at Vatry airport, 150 km east of Paris, since Thursday over suspected "human trafficking".

India working with French authorities after flight detained

India working with French authorities after flight detained

Rediff.com23 Dec 2023

The plane that took off from Dubai in the United Arab Emirates carrying 303 Indian passengers, including many minors, was grounded at the Chalons-Vatry airport in Marne on Thursday.

Hindu temple in US defaced with anti-India graffiti

Hindu temple in US defaced with anti-India graffiti

Rediff.com23 Dec 2023

The City of Newark Police Department in Newark, Newark, California told PTI in an emailed statement that on Friday at approximately 8.35 am, they received a report of graffiti at the Shri Swaminarayan Mandir Hindu Temple.

What Jaishankar said on defacement of temple in US

What Jaishankar said on defacement of temple in US

Rediff.com23 Dec 2023

External Affairs Minister S Jaishankar on Saturday expressed concern over the vandalism of a Hindu temple with anti-India graffiti in the United States, and said extremists and separatist forces outside India should not get such space.

Indian student dies of carbon monoxide poisoning in Canada, 6 hospitalised

Indian student dies of carbon monoxide poisoning in Canada, 6 hospitalised

Rediff.com22 Dec 2023

The source of the carbon monoxide was determined to be a vehicle left running in the residence's garage, the police said on Tuesday.

India has no jurisdiction in Nikhil Gupta case: Czech Republic

India has no jurisdiction in Nikhil Gupta case: Czech Republic

Rediff.com22 Dec 2023

India's judicial authorities have 'no jurisdiction' in the case involving Nikhil Gupta, Czech justice ministry spokesperson Vladimir Repka has said, days after his family approached the Supreme Court seeking its intervention in the matter.

22 cases of JN.1 found so far, Kerala woman recovers

22 cases of JN.1 found so far, Kerala woman recovers

Rediff.com22 Dec 2023

Twenty-two cases of COVID-19 sub-variant JN.1 have been detected in the country till Thursday, with 21 cases being reported from Goa and another from Kerala, official sources said.

Space given to separatists, anti-India elements in Canada core issue: MEA

Space given to separatists, anti-India elements in Canada core issue: MEA

Rediff.com22 Dec 2023

A day after Trudeau's remarks, ministry of external affairs spokesperson Arindam Bagchi asserted that India's "core issue" with Canada remains that of the space given to separatists, terrorists and anti-India elements in that country.

Pannun plot: India got consular access to Nikhil Gupta thrice

Pannun plot: India got consular access to Nikhil Gupta thrice

Rediff.com21 Dec 2023

India received consular access on at least three occasions to Nikhil Gupta, who is detained in a Czech prison following charges by the United States relating to a foiled assassination attempt on a Sikh extremist.

PE inflow in real estate declines to $3 bn: Knight Frank

PE inflow in real estate declines to $3 bn: Knight Frank

Rediff.com21 Dec 2023

Global investors have been cautious this year to put money into Indian real estate, as private equity inflow is down 44 per cent till December 12 to $3 billion compared to the entire previous year, according to Knight Frank. Real estate consultant Knight Frank India on Thursday released its data showing that the Indian real estate market received $3,024 million in PE investments from 23 deals between January 1 and December 12 this year, as against $5,357 million recorded in 2022.

Modi's Flawed Foreign Policy

Modi's Flawed Foreign Policy

Rediff.com21 Dec 2023

We should reassess what India's role in the world is and whether we are doing the right thing for ourselves, notes Aakar Patel.

Starc, Cummins who? This Aussie pacer is IPL's new star

Starc, Cummins who? This Aussie pacer is IPL's new star

Rediff.com21 Dec 2023

Gujarat Titans successfully acquired Johnson for Rs 10 crore

Which Country Sent Most Tourists To India?

Which Country Sent Most Tourists To India?

Rediff.com21 Dec 2023

Bangladesh was the largest source of foreign tourists, accounting for 21.4 per cent of all arrivals.

Trudeau: US indictment seems to have convinced India that...

Trudeau: US indictment seems to have convinced India that...

Rediff.com20 Dec 2023

"I think there is a beginning of an understanding that they can't bluster their way through this and there is an openness to collaborating in a way that perhaps they were less open before," Trudeau told the Canadian Broadcasting Corporation.

How Much Does It Cost To Study Medicine Abroad?

How Much Does It Cost To Study Medicine Abroad?

Rediff.com20 Dec 2023

rediffGURU Sushil Sukhwani offers expert advice on about pursuing higher education abroad.

India The Next Big Travel Market

India The Next Big Travel Market

Rediff.com19 Dec 2023

In outbound travel, India will be ahead of Italy, South Korea, Australia, Canada and France.

Why Did Biden Spurn R-Day Invite?

Why Did Biden Spurn R-Day Invite?

Rediff.com15 Dec 2023

Biden is not risking his reputation in a crucial election year, argues Ambassador M K Bhadrakumar.

Pannun 'Plot': 'US and India have bent backward...'

Pannun 'Plot': 'US and India have bent backward...'

Rediff.com15 Dec 2023

'...to prevent this episode from disrupting ongoing cooperation.' 'The discovery of this plot had the potential to derail much of what has been achieved in the relationship during this administration's tenure -- I don't think that fact has been sufficiently appreciated in India.'

Social stock exchange sees its first listing

Social stock exchange sees its first listing

Rediff.com14 Dec 2023

Social stock exchange (SSE) saw its first listing on Wednesday, with SGBS Unnati Foundation becoming the first entity to take this route to avail financing. The foundation - engaged in vocational training of youth - raised Rs 1.8 crore from four investors. These include brokerage firm Zerodha and National Bank for Agriculture and Rural Development (Nabard).

Trudeau reveals, why he made accusations against India

Trudeau reveals, why he made accusations against India

Rediff.com14 Dec 2023

The ties between India and Canada came under severe strain following Trudeau's allegations on September 18 of a 'potential' involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar on June 18 in British Columbia.

At UN, India, 152 nations vote for immediate ceasefire in Gaza

At UN, India, 152 nations vote for immediate ceasefire in Gaza

Rediff.com13 Dec 2023

The resolution, sponsored among others by Algeria, Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates and Palestine, demanded an immediate humanitarian ceasefire in Gaza and reiterated its demand that all parties comply with their obligations under international law, "notably with regard to the protection of civilians."

India's domestic aviation capacity soars beyond pre-pandemic level

India's domestic aviation capacity soars beyond pre-pandemic level

Rediff.com12 Dec 2023

The growth in India's domestic aviation capacity in calendar year 2023 (CY23) was the sixth highest among 20 major domestic markets, compared to the pre-pandemic year of CY19. The domestic capacity in the country surpassed the pre-pandemic level seen in CY19 and was up 5 per cent in CY23. It trails Mexico, Columbia, China, Vietnam, and Spain, which have shown higher growth, according to data shared in a seminar organised by global travel data provider OAG on global aviation trends in 2023.

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