The initial public offering of Aegis Vopak Terminals (AVTL) will open on Monday, May 26, with the company aiming to raise Rs 2,800 crore.

The offer will close on Wednesday, May 28, while anchor investors can bid by May 23, the company said on Wednesday.

Tata Sons Ltd, the holding company of the $150 billion Tata Group, may be forced to inject fresh capital into its loss-making telecom arm, Tata Teleservices Ltd, as the unit stares at Rs 19,256 crore in adjusted gross revenue (AGR) and other dues owed to the Indian government.

With a negative net worth of Rs 17,876 crore and steep accumulated losses, Tata Teleservices is in no position to meet its obligations without support.

India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy, Moody's Ratings said on Wednesday.

In a note on India, the agency said government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand.

Israel is actively preparing for a potential military strike on Iran’s nuclear facilities, according to new US intelligence assessments cited by CNN.

The report, based on intercepted communications and surveillance of Israeli military movements, suggests that while no final decision has been made, the likelihood of a strike has 'increased substantially' in recent months.

A fast and comfortable train ride from Delhi to Meerut in just 45 minutes could soon be a reality. India’s first Regional Rapid Transit System (RRTS), known as the Namo Bharat corridor, is almost complete and expected to be fully operational by the end of June. Officials from the National Capital Region Transport Corporation (NCRTC) said on Tuesday that the final leg of the 82-kilometre route is progressing well. Trial runs have already begun, and commuters may soon get to experience the full journe

The Supreme Court on Monday came down heavily on Madhya Pradesh minister Vijay Shah for his controversial remarks targeting Colonel Sofiya Qureshi, a decorated officer of the Indian Army.

Calling the remarks “shameful", the court rejected Shah’s apology and ordered a Special Investigation Team (SIT), led by a woman officer, to probe the case registered against him.

The Supreme Court on Monday dismissed petitions by Bharti Airtel, Vodafone Idea, and Tata Teleservices seeking waivers on interest, penalties, and interest on penalties related to adjusted gross revenue (AGR) dues.

A Bench of Justices JB Pardiwala and R Mahadevan described the petitions as "misconceived" and criticised the companies for approaching the court.

Former US President Joe Biden has been diagnosed with an 'aggressive form' of prostate cancer that has spread to his bones, as per a statement from his office released on Sunday (local time). According to the statement, the diagnosis followed the discovery of a prostate nodule after he reported worsening urinary symptoms, with tests confirming a high-grade cancer with a Gleason score of 9 (Grade Group 5), indicating metastasis to the bone.

China is reportedly fast-tracking the construction of the Mohmand Dam in Pakistan, a key hydropower and water security project, in the wake of rising tensions between India and Pakistan over the Indus Waters Treaty.

Concrete filling on the dam had begun. This is a “critical construction milestone”, which marks an “accelerated development phase” for what Beijing has called a “national flagship project” for Pakistan, according to a report by the South China Morning Post.

“It was so ominous that there were no calls for help. Everyone inside was silent,” said Zubhan, a retailer in Hyderabad’s Charminar area, after 17 members of a family died in a fire at a residential building.

In the early hours of Sunday, May 18, a fire engulfed the three-storey building in the Gulzar Houz area, killing the family members—including eight children.

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