No embargo on Sahara group to sell properties for depositing Rs 10K cr: SC
The Supreme Court on Tuesday said there is no embargo on Sahara group to sell its properties for depositing around Rs 10,000 crore in SEBI-Sahara refund account for returning investors' money. In a series of directions on August 31, 2012,... Key Points
The TribuneCompanies loosen purse strings to upskill top brass in Ivy League universities
Major Indian firms have doubled to quadrupled their expenditure on executive training post-pandemic. Companies such as JSW group and Reliance collaborate with top universities to develop leadership skills amidst rapid technological advancements. This initiative aims to ensure effective succession planning and address the increased business growth and challenges. Key Points
Economic TimesK-pop agency HYBE asks US court to help unmask X account in defamation case
By Hyunsu Yim and Peter Henderson SEOUL (Reuters) - Entertainment group HYBE, home to K-pop group BTS, has asked a U.S. court to compel social media platform X to reveal the identity of a user it Key Points
ThePrintIS group says four fighters carried out Moscow attack
Islamic State militants attacked Moscow, killing 133. Armed with guns, targeting Christians. Claimed Friday, fighters returned safely. Kremlin silent. 11 arrested, terrorists with Ukraine links. Russia battles IS in Syria. Key Points
Economic TimesShapoorji Pallonji in talks to raise $2.4 billion from lenders including PFC
Shapoorji Pallonji group is in talks with lenders including state-run Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), according to people familiar with the matter. Key Points
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Shapoorji Pallonji group seeks up to $2.4 billion from lenders
The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not be identified because the details are private. Negotiations are ongoing and details of the lending could change, they added. Its also gauging interest from Davidson Kempner Capital Management and Cerberus Capital Management LP, the people said. Key Points
Economic TimesAl-Qaida's Yemen branch says leader Khalid al-Batarfi dead in unclear circumstances
Middle East News: Khalid al-Batarfi, leader of al-Qaida in Yemen, is dead. Saad bin Atef al-Awlaki is the new leader. Al-Qaida claimed responsibility for the 2015 Charl Key Points
Times Of IndiaCapital group Says ‘Gentle Bubble’ Is Forming in US Tech Stocks
Capital group Cos. is shuffling stakes in US technology names amid the blowout rally in the Magnificent Seven megacaps. Key Points
Hindustan TimesKnow the four Indian astronauts-select chosen for India's Gaganyaan mission
India News: Get to know the four Indian astronauts-select who have been chosen for India's Gaganyaan mission. Learn about their profiles, achievements, and training for the mission. Stay updated with the latest space news. Key Points
Times Of IndiaED raids Hiranandani group over alleged FEMA violations
The Enforcement Directorate (ED) has conducted searches on properties linked to Mumbai-based real estate developer Hiranandani group as part of an investigation into alleged forex violations. The searches were carried out at five locations in Mumbai and adjoining areas. The probe is related to investments in a trust based in a tax haven, where the promoter and his family members are alleged beneficiaries. Key Points
Economic TimesRP Sanjiv Goenka group to explore NE states for renewable energy project
Kolkata, Feb 20 (PTI) The RP Sanjiv Goenka Group, with revenue exceeding USD 4 billion, has expressed interest in exploring investment opportunities in the Northeast, including renewable energy. The group officials had a preliminary one-on-one meeting with the Minister of State for Development of North Eastern Region (DoNER), B L Verma. He was in Kolkata […] Key Points
ThePrintIncorrect or premature conclusion of Adani probe will not serve justice, SEBI tells SC
SEBI, on 29 April 29, had sought 6 months to complete its probe, rather than 2 months. However, the Supreme Court said on Friday it was inclined to give a three-month extension. Key Points
ThePrintMira Road clashes: No forwards, videos to be shared, cops warn group admins
Police have also warned of action against group admins if the order is violated. The directive was issued by the Mira Bhayander Vasai Virar (MBVV) Police. Key Points
India TodayCyrus Mistry's sons join board of SP group holding company
SC Finance holds the Cyrus Mistry family stake in SP Group. Firoz and Zahan Mistry will be directors of SC Finance. They have also been inducted as partners on CPM NexGen Ventures and Mistry Venture LLP. Key Points
Economic TimesJaish al-Adl: Terror outfit behind Kulbhushan Jadhav kidnapping now targeted by Iran
Iran launched missile and drone strikes in Pakistan's Balochistan province targeting bases of the Sunni terror group. Here is all you need to know on the Jaish al-Adl group. Key Points
India Today
How India Inc is boosting productivity by using intelligent technologies
Assembly lines are becoming less dependent on humans-the shop floor foreman's holler is headed toward extinction. Instead, data and intelligent technologies have taken charge of factory machines, instructing them on tasks that need to be completed. Key Points
Economic TimesBig green energy bet: Adani group to invest more than ₹2 lakh crore in 5 years in Gujarat
Most of the investments announced by the Adani group on Wednesday will be in green energy and its infrastructure. The group is constructing a green energy park in Khavda, Kutch - touted as the largest in the world - which will generate 30 GW of renewable energy. Key Points
Economic TimesMen's T20 World Cup: India to face Pakistan on June 9; check full schedule here
IND vs PAK In Men's T20 2024 World Cup Date: The Men's T20 World Cup, set to begin on June 1, will feature matches between the USA and Canada, India and Pakistan, and West Indies and Papua New Guinea. The tournament is divided into four groups, with the top two teams from each group moving on to the Super Eight stage. India will go up against arch-rivals on June 9. Key Points
Economic TimesIncorrect or premature conclusion of Adani probe will not serve justice, SEBI tells SC
SEBI, on 29 April 29, had sought 6 months to complete its probe, rather than 2 months. However, the Supreme Court said on Friday it was inclined to give a three-month extension. Key Points
ThePrintM-cap of these two Adani group firms jumped by over ₹50,000 crore in last 5 sessions
In the last week (December 04–08), the market capitalisation of Adani Green Energy, the renewable energy arm of the Adani Group, jumped by ₹83,000 crore, reaching ₹2,45,520 crore. Last week, the combined market value of ten listed companies increased by ₹3.21 lakh crore. Key Points
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Liverpool advance in Europa League, Aubameyang hat-trick downs Ajax
Liverpool is four points clear atop group E with 12 points. Toulouse in second on eight after a 0-0 draw with Union Saint-Gilloise. | Football News Key Points
Hindustan TimesBetter to invest in Tata Tech after 3-6 months; Adani stocks good for trading: Dipan Mehta
“If you have got an allotment in Tata Technologies, stay put, do not sell just because of a whiff of negative news flow. But buying on listing at a huge premium is something I would really like to avoid. You can average it if you already have an allotment in the IPO, but I would not look at making fresh investments in Tata Tech at these levels on listing.” Key Points
Economic TimesNot involved in construction of Uttrakhand tunnel, says Adani group
Gautam Adani's Adani group through a statement on Monday denied any involvement in the construction of the Silkyara tunnel in Uttarakhand, where 41 construction workers have been trapped since it collapsed over two weeks ago. The tunnel, built by Navayuga Engineering Company Limited, is part of the Char Dham all-weather accessibility project. Key Points
Economic TimesDyson and Apparel group Black Friday Sale: Check out top deals and offers
Dyson and Apparel group are offering exciting deals for Black Friday and Cyber Monday. Dyson offers up to ₹17,000 savings on products, along with a 10 percent instant bank offer. Apparel group has deals from popular brands. Key Points
mintLeague of Legends Worlds 2023: Heartsteel croons debut song ‘Paranoia’
Hearts? Stolen. League of Legends virtual band Heartsteel electrified the LOL Worlds 2023 opening ceremony with debut song Paranoia. Read more below. Key Points
Hindustan Times
Jack Ma's family trust to sell Alibaba shares amid US export curbs
US News: Alibaba group Holding reported a 9% increase in revenue for Q3, reaching 224.8 billion yuan ($31 billion), in line with market expectations. However, Key Points
Times Of IndiaNigel Farage: Why is the British broadcaster seeking millions in damages from NatWest
Nigel Farage is facing legal challenges from NatWest group and its former executive, as he pursues a multi-million-pound damages claim related to the debanking scandal that escalated into a crisis for the state-backed lender. The ex-UKIP leader is seeking damages in the aftermath of the entire controversy. Key Points
Economic TimesNovak Djokovic grouped with Jannik Sinner at ATP Finals 2023
The tournament starts Sunday and the final is scheduled for Nov. 19. | Tennis News Key Points
Hindustan TimesVedanta is working with JPMorgan to advise on business overhaul
Vedanta group is reportedly collaborating with JPMorgan Chase & Co. to assist with a restructuring plan unveiled in September. The move indicates progress in the conglomerate's efforts to simplify its financial structure. Vedanta is also in discussions to secure a $1.25 billion private loan to address its refinancing requirements. Key Points
Economic TimesZEROBASEONE: K-Pop group releases music video for MELTING POINT's title track
ZEROBASEONE has released the music video for the title track from MELTING POINT. This marks the debut of the K-pop group's new album. Key Points
Economic Times
Adani Green is in talks with banks for $1.8 billion loan
India Business News: Adani Green Energy is in talks with foreign lenders to borrow up to $1.8 billion to fund new solar and wind projects. The banks involved in the discus Key Points
Times Of IndiaUK's IG group says it expects to cut 10% of workforce
British online trading platform IG group (IGG.L) on Tuesday said it would cut 10% of its headcount as part of cost-saving measures to drive operating margin expansion and become a leaner fintech firm. Key Points
ReutersGet it together: How group therapy is changing the way we heal
India is opening up, slowly, to group therapy. Sessions are cheaper. It’s less isolating, more comforting. Look, the gang’s all here Key Points
Hindustan TimesHindujas eye $35-40 billion valuation of their BFSI business
The Hinduja group is eying a valuation of $35-40 billion for its banking, financial services, and insurance (BFSI) business. Ashok Hinduja, stated that their promoter company, IndusInd International Holdings Ltd (IIHL), will expand into the BFSI sector to become a full-stack financial giant. The group has already acquired a controlling stake in a bank in the Bahamas and received approval for a banking license in Mauritius. IIHL has successfully bid for buying the debt-ridden Reliance Capital. Key Points
Economic TimesAdani group set to refinance $3.5 billion debt taken for ACC-Ambuja buy
New 3 yr facility from a mega consortium of 18 banks will simplify debt structure, improve credit rating, boost cement sector growth plans while saving upto quarter of a billion dollars. Largest refinancing in APAC this year. Key Points
Economic Times
57 Messages in One Day. The group Text Has Gone Off the Rails.
Chat-chain overload has people at wit’s end. ‘Removing myself feels too aggressive.’ Key Points
mintVanguard sells stake in joint venture with China's Ant
U.S. mutual fund issuer Vanguard group said on Tuesday it had sold its stake in a joint venture with Chinese fintech giant Ant Group, hastening its retreat from the world's second-biggest economy. Key Points
ReutersDS group likely to acquire Noida's Great India Place mall for Rs 2,000 cr: Report
The GIP, which was once among the biggest malls in Delhi-NCR, was jointly developed by the Appu Ghar group and the Unitech Group. The Unitech holds 42 per cent in the mall, while the rest is owned by other investors. Key Points
Business TodayAdani’s $3.5 billion Ambuja loan moves ahead after some banks get approval
Barclays, Deutsche Bank, and Standard Chartered have obtained internal approval to lend about $250 million each as part of a larger syndicated loan of $3.5 billion to refinance debt taken by the Adani group for its acquisition of Ambuja Cements. Some institutions are also in talks to lend $400 million each, potentially making it one of Asia's largest loan deals this year. The deal signals progress for Adani group in overcoming allegations of malfeasance made earlier this year. Key Points
Economic TimesAdani group gets go-ahead from banks to refinance debt of $3.5 bn taken to buy Ambuja Cements: Report
Three lenders -- Barclays Plc, Deutsche Bank AG and Standard Chartered Plc -- have agreed to give about $250 million each towards the syndicated loan of about $3.5 billion to refinance Adani Group's debt. Key Points
Business TodayI met my husband playing Dungeons & Dragons. I fell in love with him while playing the game.
My husband and I were friends before we got married. Lessons we learned from Dungeons & Dragons help in our relationship. Key Points
InsiderRBI forms working group to find framework for transition to credit-loss based provisioning system
The Reserve Bank of India has established a working group to propose a framework for a smoother transition to the expected credit loss-based provisioning system. The group, headed by R. Narayanaswamy, will provide inputs on technical aspects of the transition. The new system would be a shift from the current incurred loss-based provisioning regime. While there are concerns about the impact on banks' profits, India Ratings and Research believes that the healthy operating buffers and provision coverage ratio provide comfort. The group will also suggest factors for determining credit risk and recommend prudential floors for provisioning. Key Points
Economic Times