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Last 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.

Tags: #Group #media

Full story at Business Today

Gautam Adani's executives took home a higher pay than India's second richest man

Adani'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.

Tags: #home

Full story at Business Today

ONGC seeks partner to revive Deen Dayal gas field in KG Basin after spending nearly $1.2 billion over 7 years

The 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.

Tags: #State

Full story at Business Today

Mazagon Dock in advanced talks with Indian Navy for Rs 35,000-cr submarine deal

Mazagon Dock has submitted a detailed techno-commercial bid for the contract to the defence ministry.

Tags: #Indian #submitted

Full story at Business Today

Adani AGM 2024: ‘Designed to defame us, damage, erode hard-earned market value,’ says Gautam Adani about Hindenburg report

Adani 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."

Tags: #Adani ,#Adani #Hindenburg #General #short #financial #market

Full story at Business Today

Lawsuit, Cannes metals put Jindal Steel ad in focus

‘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

Tags: #India #allegations #put

Full story at mint

Mint Quick Edit | GST needs a remake, not just small tweaks

The 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.

Tags: #small

Full story at mint

OnePlus Nord CE 4 Lite India launch today: When and where to wach LIVE-STREAM, expected price and more

OnePlus Nord CE 4 Lite launching in India with AMOLED display, 80W fast charging, and 50MP primary camera. Expected to start at ₹19,999.

Tags: #start #primary

Full story at mint

Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, GST council meeting to US PMI data | Stock Market News

Indian 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.

Tags: #meeting

Full story at mint

India needs to growth at 8%, say MPC members who voted for rate cut | Today News

Ashima 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.

Tags: #Today #members

Full story at mint

Arvind Kejriwal bail: Delhi CM moves SC after HC imposes stay on his release

The 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.

Tags: #Court #Delhi ,#Delhi #Supreme #seeking #alleged #lakh

Full story at Economic Times

Hinduja rejigs fundraise plan for Reliance Capital deal

Hinduja 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.

Tags: #seized

Full story at Economic Times

Rahul Gandhi pens emotional letter to people of Wayanad, says their unconditional love protected him

Senior 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.

Tags: #people ,#people #Congress #shown #support #leader

Full story at Economic Times

Taller, stronger, sharper: Desi pharma is on a roll

India 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.

Tags: #report

Full story at Economic Times

PM Modi may give SCO Summit a skip amid strained China ties