NEW DELHI: Nearly all shareholders of Bharti Airtel Monday approved ongoing transaction to consolidate its stake in subsidiary Airtel Africa, indicating strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment, a promoter group entity, on preferential basis, in exchange for 16.3% stake in Airtel Africa. Upon consummation and approvals,…
NEW DELHI: India’s wholesale inflation surged for the eighth consecutive month to 9.7% in May from 8.3% in April on account of high prices of crude oil and manufactured products, the newly released wholesale price index (WPI) series Monday with the updated 2022-23 base year showed.Besides, the Department for Promotion of Industry and Internal Trade…
Uruguay’s Maxi Araujo celebrates scoring his side’s goal against Saudi Arabia. (AP Photo) Uruguay avoided an upset at the FIFA World Cup after Maxi Araújo struck 10 minutes from time to salvage a 1-1 draw against Saudi Arabia in a dramatic Group H encounter on Monday.Trailing for much of the contest despite dominating possession and…
MUMBAI: Fintech Razorpay has filed draft IPO papers with markets regulator Sebi through the confidential route, said people familiar with the matter, joining startup peers Zepto and Prism which are headed to Dalal Street for public listings. The Y Combinator and Peak XV Partners-backed company is seeking to raise up to Rs 6,000 crore through…
MUMBAI: Four businesses of the Vedanta group, demerged from its flagship Vedanta Ltd—aluminium, oil & gas, iron & steel, and power—were listed on the bourses on Monday, which unlocked market value worth a little over Rs 50,000 crore. Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power, all part of Vedanta…
Travis Kelce & Taylor Swift’s Wedding (Getty Images) Planning a private wedding when you are arguably the most famous couple on the planet was never going to be simple. But for Taylor Swift and Travis Kelce, the months leading up to their big day have reportedly spiraled into something far messier than either of them…
Mercedes-Benz is set to take a fresh 1-2% price hike in India to cope with exchange rate volatility and broader war-related cost pressures even as it is pushing a new variant of its top-end S-class model into the market to widen choice for consumers amid slow EV adoption.The company has taken a total of up…
Belgium’s Romelu Lukaku (9) celebrates a goal with teammates during the World Cup Group G match against Egypt. (AP Photo) Belgium narrowly avoided an embarrassing start to their FIFA World Cup campaign as Romelu Lukaku’s immediate influence rescued a 1-1 draw against Egypt in a tense Group G encounter on Monday.With the Red Devils staring…
MUMBAI: Reserve Bank of India has finalised its consumer protection framework under responsible business conduct guidelines, tightening rules on mis-selling, deceptive digital practices & unauthorised bundling, and shifting to a prescriptive regime.The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture…
Will Rogers was an American actor, writer, humorist and social commentator who became one of the most beloved public figures of the early twentieth century. Born in 1879 in Oklahoma, Rogers gained fame through his wit, wisdom and ability to connect with people from all walks of life. His observations on society, politics and human…