The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
Former England spinner Monty Panesar has said "security fears" should be looked into seriously by Pakistan after New Zealand abandoned the tour on Friday.
How Nadal surpassed the haul of Roger Federer and Novak Djokovic.
The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt. Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100 per cent stake in the airline.
President Ram Nath Kovind will stay at a private hotel in Shimla instead of the presidential retreat where he normally stays, during his visit beginning Thursday to Himachal Pradesh, where he will address a special session of the state assembly.
Newly-elected Pakistan Cricket Board chairman Ramiz Raja on Monday said resumption of bilateral assignments with India is "impossible right now" and he is "not in a hurry" for it either as his focus is solely on his country's domestic circuit at this point.
Former Pakistan captain Ramiz Raja has been elected the new chairman of the Pakistan Cricket Board (PCB) for a tenure of three years after winning an unopposed election.
Chief of Army Staff General M M Naravane on Saturday did not rule out the possibility of Afghan-origin foreign terrorists attempting to infiltrate into Jammu and Kashmir once the situation stabilises in Afghanistan as he cited similar instances when the Taliban were in power in Kabul over two decades ago.
'I never allow myself to look anxiously over my shoulder at what my co-star is doing.'
'I was about 27 at that point in time, and I knew that if I didn't take this leap then, I wouldn't take the leap ever.'
With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
He donned the number seven shirt during his first stint at the club, following in the footsteps of great United players including George Best, Bryan Robson, Eric Cantona and David Beckham.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
With the league paused for the international break, Ronaldo is expected to play his first game when United host Newcastle United at old Trafford on September 11.
So far, almost every positive development in terms of the bilateral ties has been overtaken by innate hostility that is often driven by popular sentiments.
Mason Greenwood's late winner earned Manchester United a 1-0 win at wasteful Wolverhampton Wanderers in the Premier League on Sunday, breaking the record for the longest unbeaten away run in English Football League history in the process.
A statement from Premier League club on Friday evening read: "Manchester United is delighted to confirm that the club has reached agreement with Juventus for the transfer of Cristiano Ronaldo, subject to agreement of personal terms, visa and medical."
"Since some people have challenged the provisions of the new law, the High Court has recently put a stay on the law. However, after consulting legal experts and our Advocate General, chief minister Vijay Rupani has decided to challenge this stay in the Supreme Court," deputy chief minister Nitin Patel said.
Ted Dexter scored 4,502 runs at an average of 47.89 during his Test career and took 66 wickets at an average of 34.93.
Venus Williams will miss the upcoming US Open due to an injury, becoming the third U.S. female after her sister Serena and Sofia Kenin to announce on Wednesday they would not take part in the final Grand Slam tournament of the year.
The Maharashtra government told the Bombay High Court on Wednesday that it would not appoint a new special public prosecutor in the Khwaja Yunus custodial death case till October 14.
Declaring a man Indian citizen, the tribunal in Karimganj district held that though National Identity Cards are yet to be issued, 'but there is no doubt that this NRC Assam published in 2019 is nothing but Final NRC'.
Having endured a topsy-turvy start to their campaign before a fine turnaround, seven-time champions India start as title favourites when they take on first-time finalists Nepal in the summit clash of the SAFF Championships, in Male, on Saturday.
Rogue lending under political influence was rife in the Congress-led regime and is not happening in the Modi regime, certainly not on that scale. But if PSBs cannot lend as indiscriminately as they did last time in the name of 'credit expansion', how well will these banks do, asks Debashis Basu.
Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Thursday defended the recent reforms announced by the regulator, such as peak margin norms and shortening of the trade settlement cycle, saying they were in the interest of investors. The moves were criticised by the broking community and the foreign portfolio investors (FPIs). Speaking to the media after his inaugural address at the CII Financial Markets Summit, Tyagi said: "The new peak margin norms are in everyone's interest.
Joginder Tuteja looks back at their first films after marriage, and how well they did.
India is the second-largest technology hub for Amazon globally and its teams are powering innovations not only for customers in the country but globally as well, a top company executive said on Thursday. Speaking at Amazon India Career Day, Amazon global senior vice president and country head India Amit Agarwal said the e-commerce company employs over one lakh professionals in India across diverse areas from engineering, supply chain, content creation, marketing, video and others. "India is also the second-largest technology hub for Amazon globally, with some of the most talented software developers, product managers, machine learning scientists, and research scientists as part of the team," he said.
The bounteous monsoon this year has already dumped 1159.4 mm of rainfall in Delhi till Thursday afternoon, the highest since 1964 and the third-highest ever, according to the IMD data
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