Indian sweet, snack, and restaurant chain group Bikanervala, with revenues of over Rs 3,000 crore, is working towards an initial public offering (IPO) for its food company in the next three years. Before that, it could also bring in private equity (PE) investors. The low-profile Aggarwal family-owned group company, Bikanervala Foods (which also sells under the brand name Bikano), operates in the snack business.
The Delhi high court (HC) division Bench on Thursday sought a response from Reliance Industries (RIL) and others regarding the government's appeal against the Mukesh Ambani-owned conglomerate and others for fraudulently and unjustly enriching themselves by draining gas from their deposits, amounting to over $1.5 billion. The Centre had appealed against the single-judge Bench order of the Delhi HC on May 9, which had dismissed its petition. Justice Anup Jairam Bhambhani had upheld the international arbitration award of July 24, 2018, in favour of the RIL-led consortium. The consortium includes UK-based BP Plc and Niko Resources of Canada.
The camp getting underway in Bengaluru on Sunday will conclude on September 18.
Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel. A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said. Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.
'Pollution acts as an endocrine disruptor.' 'When it acts as an endocrine disruptor it has an effect on the endocrine system of the human body and the effect on the pancreas is an important one.' 'The way you get type two diabetes is due to two defects.' 'One is the pancreas doesn't produce enough insulin.' 'The other physiological defect is insulin resistance.'
India will launch the PSLV-C56 carrying DS-SAR satellites from Singapore, along with six co-passenger satellites, from ISRO's Sriharikota spaceport on Sunday, July 30, 2023.
This case revolves around the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3,300 crores.
The summit is being attended by more than 30 heads of state and top officials from the European Union and invited guest countries and 14 heads of international organisations.
This is possibly the first time Hasina's daughter will be by her mother's side during an official visit to close neighbour and ally India, and analysts believe this to be significant in many ways.
Indian men's team clubbed with Pakistan in Asian Games hockey
The biggest question looming over the summit is whether there will be a joint leaders' declaration in view of the sharp differences between the West and the Russia-China combine on the text to describe the Ukraine conflict in the document.
Nitin Bhatnagar, a Maltese citizen and a former relationship manager of the Bank of Singapore, was taken into custody under the provisions of the Prevention of Money Laundering Act on Tuesday.
United States President Joe Biden will travel to India from September 7 to 10 to attend the G-20 Leaders' Summit during which he will discuss with other leaders a range of global challenges, including the Ukraine conflict, the White House announced on Tuesday.
India face tough Iraq test sans Chhetri
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Two of Xi Jinping's chosen officials have disappeared from view, an indication of turmoil in Xi's government, months after he installed a collection of loyalist leaders in his cabinet, observes Dr Rajaram Panda.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
Margins for the oil refining and retailing sector have moved off their peaks, and the average integrated margins (refining plus marketing) for oil marketing companies (OMCs) have normalised. The ascent in crude oil prices, combined with static retail prices, has depressed marketing margins for diesel and petrol. However, the fall in marketing margins has been offset by increased gross refining margins (GRMs).
India's archers showed tenacity and authority in equal measure to storm into the quarter-finals in all the six team events of the Asian Games.
Indian Mithun Manjunath stunned fourth seed and world number seven Kean Yew Loh of Singapore in the opening round while PV Sindhu and Kidambi Srikanth secured straight-game wins.
Singapore Airlines (SIA) is engaged in confidential talks with Tata Sons for merging Vistara with Air India, the flagship carrier of the Republic of Singapore informed the stock exchange in the Southeast Asian nation on Thursday in a first acknowledgement of a possible integration of the two airlines. "In line with its multi-hub strategy, SIA is currently in confidential discussions with the Tatas to explore a potential transaction in relation to the securities of Vistara and Air India. "The discussions seek to deepen the existing partnership between SIA and Tatas and may include a potential integration of Vistara and Air India," SIA said in a notification to the Singapore stock exchange. SIA owns 49 per cent stake in Vistara and is among the four airlines run by Tata Group.
On Sunday, July 30, 2023, the Indian Space Research Organisation successfully launched its proven Polar Satellite Launch Vehicle rocket carrying seven Singapore satellites from the Satish Dhawan Space Centre in Sriharikota and placed them into intended orbits.
Verstappen, who is 145 points clear of team mate Sergio Perez in the championship and set for a third title well before the end of the season, suggested Wolff should focus on his own team.
India is increasingly a willing participant in the evolving US' Indo-Pacific strategy. While these developments are related to the perception of a growing Chinese security challenge, their implications for India's much-vaunted strategic autonomy should be a matter of deeper and closer reflection, asserts former foreign secretary Shyam Saran.
'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'
The World Health Organisation (WHO) has classified the EG.5 strain of the SARS-CoV-2 virus circulating in different parts of the world, including India, as a 'variant of interest' but said it did not seem to pose more of a threat to public health than other strains.
Red Bull's Sergio Perez scored his second win of the season in Sunday's Singapore Grand Prix ahead of Ferrari's Charles Leclerc as title favourite Max Verstappen was forced to put his championship champagne on ice after finishing seventh.
Esports to breakdancing, Hangzhou will set the trend for future of sport
If you don't know how to make parottas, don't worry. At the Selfie Parotta Coaching Centre you can master the skill in 10 days and start a catering business on your own, discovers A Ganesh Nadar.
With clock ticking down fast for the upcoming edition of the Asian Games, Hockey India named a 39-member core probable group for the Senior Men's National Coaching Camp.
In one of the largest potential transactions this year, private-equity majors Blackstone and Baring have initiated talks with the Hamied family, the promoters of pharmaceutical firm Cipla, to acquire up to 20 per cent in the company. The family owns 33.47 per cent and may become minority owners if the talks succeed, said a source close to the development. It has appointed bankers to seek bids from potential investors, and Blackstone and Baring PE have responded.
A "big spark" in the electricity pole providing power to the girder launcher preceded its collapse during the construction of a viaduct for the Samruddhi Expressway in Maharashtra's Thane district a day ago, in which at least 20 persons were killed, the police said on Wednesday.
Manipal Group chairman Ranjan Pai is in early discussions to invest in Byju's-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju's founder and chief executive officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million (about Rs 650-740 crore). Raveendran may use the money to repay a large part of the Rs 800 crore loan that Byju's raised from US-based investment firm Davidson Kempner Capital Management in May, after facing a 'technical default', the sources said.
It was a special-purpose mobile gantry crane used in bridge construction and to install precast box girders in highway construction projects.
Star Indian shuttlers PV Sindhu and Kidambi Srikanth will look to arrest their slump in form when they begin their campaign at the Australia Open badminton tournament in Sydney on Tuesday.
Dr Jaishankar, right, appears to look away from Wang Yi, second from right, at the East Asia Summit Foreign Ministers Meeting in Jakarta, Indonesia, Friday, July 14, 2023.
While the mission is a follow-up to the PSLV-C55 TeLEOS-2 mission launched in April this year, scientists in Sunday's mission will place the fourth stage of the PSLV rocket in a lower orbit.
In the coming months, globally as well as in India, rice might remain a hot potato.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
Three senior executives have resigned from Byju's at a time when the most valuable edtech company has been trying to address challenges such as due diligence issues, legal battles with lenders, challenges in raising fresh capital, and a markdown in its valuation by investors. Prathyusha Agarwal, the chief business officer of Byju's, has quit, according to sources. They said Himanshu Bajaj, business head of Byju's tuition centres, and Mukut Deepak, business head for Class 4 to 10, have also moved on.
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