Month: October 2024

CK Birla Group to sell Orient Cement to Adani Group at ₹8100 crore equity value

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Ambuja Cement | Photo Credit: Reuters The CK Birla Group on Tuesday (October 22, 2024) signed definitive agreements with Ambuja Cements, part of the Adani Group, to transfer its entire shareholding in Orient Cement Limited, valuing the company at an equity value of ₹8100 crore (USD 964 million) at an equity value of INR 395.4…

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Business

Rupee turns flat at 84.07 against U.S. dollar in early trade

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Representative image | Photo Credit: Reuters The rupee stayed flat at 84.07 against the U.S. dollar in early trade on Tuesday (October 22, 2024) as positive sentiment in domestic equity markets was negated by the unabated outflow of foreign funds. The local unit resisted the fall on the back of the retreating dollar and a…

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Business

Hurricane Oscar leaves at least six dead in Cuba as a massive blackout halts activities and triggers protests

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People walk along the boardwalk as waves crash during a power outage in Havana, Monday, Oct. 21, 2024. | Photo Credit: AP Cuba’s capital remained largely paralyzed on Monday (October 21, 2024) and the rest of the island braced for the fourth night of a massive blackout that has generated a handful of small protests…

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World

Hyundai India’s Shares Fall 1.3% In Debut Trade After Record $3.3 Billion IPO

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Hyundai is India’s No. 2 carmaker with a 15% market share. Hyundai Motor India’s shares fell 2% in their market debut today, after a tepid response from retail investors to the country’s largest ever initial public offering. The stock listed at 1,934 rupees on the National Stock Exchange, compared to its issue price of 1,960…

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Nation

Hyundai Motor India debuts at BSE at a discount of 1.48%

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Representative Image | Photo Credit: AP Automobile company Hyundai Motor India Ltd, the subsidiary of Hyundai Motor Corporation of Korea, was listed on the BSE on Tuesday (October 22, 2024) at a discount of 1.48% at ₹1931 from the issue price of ₹1960. The owners of the company had offered ₹14.22 crore shares via an…

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Business

Nirmala Sitharaman Says Biggest Challenge Before Indian Economy Is Employability

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Nirmala Sitharaman said digitalisation of Indian economy has allowed government to formalise the economy New York: In a fireside chat on India’s decadal economic reforms and continued economic growth in New York, Union Finance Minister Nirmala Sitharaman on Monday (local time) said that the biggest challenge before India is employability. Answering a question on how…

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Nation

Donald Trump’s Heartfelt Interaction With Indian-Origin Couple At McDonald’s Goes Viral

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An Indian-origin couple’s heartfelt interaction with former US President Donald Trump is going viral on social media. The Republican presidential candidate on Sunday visited a McDonald’s and served french fries while he was campaigning in Pennsylvania. He wore a black-and-yellow apron over his white shirt and red tie as he served fries and interacted with…

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World

Most grievances at GHMC’s Prajavani pertain to Town Planning section

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Greater Hyderabad Municipal Corporation (GHMC) commissioner K Ilambarithi at the Prajavani programme held in Hyderabad on Monday (October 21, 2024). | Photo Credit: By Arrangement Most of the complaints received at Prajavani programme, a weekly grievance redressal programme, held by Greater Hyderabad Municipal Corporation (GHMC) pertain to the Town Planning section. Action should be taken…

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Nation

Major Boeing-made communications satellite disintegrates in orbit

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A large communications satellite has broken up in orbit, affecting users in Europe, Central Africa, the Middle East, Asia and Australia, and adding to the growing swarm of space junk clouding our planet’s neighbourhood. The Intelsat 33e satellite provided broadband communication from a point some 35,000km above the Indian Ocean, in a geostationary orbit around…

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Science