Vedanta Resources denies stake sale in Vedanta Ltd, Group biggest wealth creator in FY25 so far
Posted on: 24 Jun, 07:40 AMLast week media reports had claimed that Vedanta promoters were considering selling up to a 2.5 percent stake for over Rs 4,000 crore in Vedanta Ltd. As of Q4FY24, Vedanta’s promoters held a 61.95 percent stake in the company.
home a higher pay than India's second richest man" />
Gautam Adani's executives took home a higher pay than India's second richest man
Posted on: 24 Jun, 07:40 AMAdani's earnings are significantly lower than those of telecom magnate Sunil Bharti Mittal (Rs 16.7 crore in 2022-23), Rajiv Bajaj (Rs 53.7 crore), Pawan Munjal (Rs 80 crore), L&T Chairman S N Subrahmanyan, and Infosys CEO Salil S Parekh.
ONGC seeks partner to revive Deen Dayal gas field in KG Basin after spending nearly $1.2 billion over 7 years
Posted on: 24 Jun, 07:40 AMThe field has produced negligible quantities of gas since January 2017 when ONGC acquired Gujarat State Petroleum Corporation’s (GSPC) 80 percent interest in the KG-OSN-2001/3 block off the east coast of India.
Indian Navy for Rs 35,000-cr submarine deal" />
Hindenburg report" />
Adani AGM 2024: ‘Designed to defame us, damage, erode hard-earned market value,’ says Gautam Adani about Hindenburg report
Posted on: 24 Jun, 07:40 AMAdani Annual General Meeting 2024: Talking about Hindenburg’s report, Adani said, “Typical short sellers target gains from financial markets. This was different. It was a two-sided attack."
Lawsuit, Cannes metals put Jindal Steel ad in focus
Posted on: 24 Jun, 02:40 AM‘The Steel of India’ campaign has sparked controversy over allegations of idea theft from creative agency W+K India.W+K India accused Jindal Steel of plagiarizing its pitched concept, eventually leading to an out-of-court settlement
Mint Quick Edit | GST needs a remake, not just small tweaks
Posted on: 24 Jun, 02:40 AMThe GST Council has announced various changes to make compliance easier. Good. For impact, though, it needs to move beyond minutiae and take up ambitious reforms.
things that changed for market over weekend - Gift Nifty, GST council meeting to US PMI data | Stock Market News" />
Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, GST council meeting to US PMI data | Stock Market News
Posted on: 24 Jun, 02:40 AMIndian stock market: Gift Nifty was trading around 23,395 level, a discount of nearly 80 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
cut | Today News" />
India needs to growth at 8%, say MPC members who voted for rate cut | Today News
Posted on: 24 Jun, 02:40 AMAshima Goyal joined Jayanth Varma at the last MPC meeting to seek lower interest rates and a change in monetary policy stance to neutral. Both believe that otherwise, growth will take a hit.
Arvind Kejriwal bail: Delhi CM moves SC after HC imposes stay on his release
Posted on: 23 Jun, 09:40 PMThe Aam Aadmi Party (AAP) has filed a petition in the Supreme Court of India against the Delhi High Court's decision to stay Arvind Kejriwal's bail in the alleged excise policy case. The Delhi High Court has reserved the order on ED's petition seeking a stay on the trial court's plea and said the order will be passed in around two to three days. Kejriwal had previously been granted interim bail on a ₹1 lakh bond earlier this week.
Hinduja rejigs fundraise plan for Reliance Capital deal
Posted on: 23 Jun, 09:40 PMHinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas private credit funds at 15%. The Reserve Bank of India seized control of Anil Ambani-owned Reliance Capital due to governance concerns. Nageswara Rao Y was appointed as the administrator.
Rahul Gandhi pens emotional letter to people of Wayanad, says their unconditional love protected him
Posted on: 23 Jun, 09:40 PMSenior Congress leader Rahul Gandhi has written an emotional letter to the people of Wayanad, the constituency he is giving up to represent Rae Bareli in the Lok Sabha. He expressed gratitude for the unconditional love and support they have shown him during his daily abuse. Rahul has won both Wayanad and Rae Bareli Lok Sabha constituencies and must vacate one seat within 14 days of the Lok Sabha results.
Taller, stronger, sharper: Desi pharma is on a roll
Posted on: 23 Jun, 09:40 PMIndia has witnessed a significant growth in pharmaceutical generic brands with sales over ₹100 crore in the last 15 years. These brands now make up 44% of the domestic formulation market valued at around ₹2 lakh crore. A report by investment banking firm Avendus Capital highlights the exponential increase in brands with sales exceeding ₹100 crore, reaching 388 in FY24 from 21 in FY09. These brands, including some with sales above ₹500 crore, have outpaced the industry growth rate, attributed to factors like lifestyle diseases and quality issues driving reliance on trusted brands.
PM Modi may give SCO Summit a skip amid strained China ties
Posted on: 23 Jun, 09:40 PMPrime Minister Narendra Modi may skip the July 3-4 Shanghai Cooperation Organisation (SCO) Summit in Astana amid chill in ties with China. He may depute external affairs Minister S Jaishankar to represent India.
BJP-Jat ties fraying at both ends. Dwindling electoral support, just 2 junior ministers in Modi 3.0
Posted on: 23 Jun, 11:40 AMJats rallied around BJP after Vajpayee govt included them in OBC list. Twenty-five years later, community’s voting trend in 2024 shows declining trust between Jats and BJP.
family set for a faceoff in Haryana polls" />
After Devi Lal's clan battle in LS elections, Bansi Lal's family set for a faceoff in Haryana polls
Posted on: 23 Jun, 11:40 AMWith late Bansi Lal’s daughter-in-law Kiran Choudhry quitting Congress to join BJP, his grandson Anirudh Chaudhry is an aspirant for Congress ticket from Tosham for assembly polls.
Our take on NTA exams, heatwave deaths and Priyanka Gandhi in Parliament—in 50 words
Posted on: 23 Jun, 11:40 AMThePrint view on the most important issues this week.
Jains in Old Delhi pose as Muslims to buy goats, 'rescue' them from Bakrid sacrifice
Posted on: 23 Jun, 11:40 AMA selection of the best news reports, analysis and opinions published by ThePrint this week.
state polls as Sita Soren blames party leaders for Lok Sabha loss" />