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As per a release, the Mittal family will own approximately 75% of Rajasthan Royals, with Adar Poonawalla holding around 18%. File | Photo Credit: ANI Renowned industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla, have acquired a majority stake in Rajasthan Royals with a bid of $1.65 billion (approximately ₹15,600…
A handout picture of an NMDC mine. | Photo Credit: Special Arrangement State-owned iron ore miner NMDC reported a 16% increase in April production at 4.64 million tonnes compared to 4 MT a year earlier. Sales rose marginally to 3.68 MT (3.63 MT), the company said in an intimation to the stock exchange. Published –…
Read More “NMDC’s iron ore output rose 16% in April, sales up marginally” »
Image used for representational purposes only. | Photo Credit: PTI The Cabinet is likely to approve soon a ₹37,500 crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing import dependence, sources said. The Coal Ministry has already prepared a Cabinet note on the scheme to promote coal gasification…
Image used for representation purpose only. | Photo Credit: Reuters Precious metals prices were confined to a narrow range in April, influenced more by the developments surrounding the Middle East geopolitical conflict. The ceasefire between Iran and the U.S. sparked positive sentiment towards gold but the yellow metal cooled off in the last couple of…
Awareness is safety. Let the buyer beware. Nowhere is this truer than when buying insurance. By the time you realise you have been a victim of mis-selling you are looking at a closed door. You have a useless or sub-optimal product and you cannot exit without considerable loss. You may even be in hospital or…
This week, I’m taking you not to stock exchanges, banks or mutual fund houses, but to a different corner of the earth: war-torn streets. Imagine a child crying near a place where her home once stood. The roof is gone. The walls are gone. Her parents are gone. Only she remains. Now, place a marshmallow…
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Rohit Jain has been appointed as a deputy Governor of the Reserve Bank of India. He will replace T. Rabi Shankar who retired late last month. | Photo Credit: Special arrangement The government has appointed Rohit Jain as a deputy Governor of the Reserve Bank of India, according to a government notice. Mr. Jain’s appointment…