India News
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Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter.
The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options.
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Amazon launched the first test satellites for its planned internet service on Friday as a rival to SpaceX's broadband network.
United Launch Alliance's Atlas V rocket blasted off with the pair of test satellites, kicking off a programme that aims to improve global internet coverage with an eventual 3,236 satellites around Earth.
Amazon plans to begin offering service by the end of next year.
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The Supreme Court on Friday sought response of the Madhya Pradesh and Rajasthan governments on a PIL alleging distribution of freebies to voters ahead of assembly polls in both states.
A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra also issued notices to the Centre, the Election Commission and the Reserve Bank of India on the PIL, which also alleged that taxpayers' monies are misused by the two state governments to lure voters.
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Inox Air Products plans to invest Rs 300-500 crore to establish purification facilities and a supply chain for gases used by semiconductor fabrication facilities in India, according to a report by Mint. The firm is India's largest industrial gas producer.
Siddharth Jain, managing director of Inox Air Products, told Mint that the funds will be invested on a smaller scale this year and will be scaled up in the future in tandem with the demand generated by semiconductor fabrication companies planning to set up manufacturing units in India in the coming years.
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The price of 24-carat gold dipped Rs 210 during Friday's early trade, with ten grams of the precious metal selling at Rs 57,160, according to the GoodReturns website. The price of silver, on the other hand, jumped Rs 400 to Rs 71,100 per kilogram.
The price of 22-carat gold also fell Rs 190 to Rs 52,400.
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Valiant Laboratories made a good debut on the bourses, with shares of commodity chemicals company listed at Rs 162.15, a 16 per cent premium to the issue price of Rs 140 per share on the National Stock Exchange (NSE) on Friday. The stock listed at Rs 161, a 15 per cent premium to its issue price on the BSE.
Post listing, at 10:03 AM; shares of Valiant Labs were locked at the 5 per cent upper circuit at Rs 170.25, up 22 per cent over its issue price.
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The toll in the flash flood in Sikkim mounted to 21 on Friday as Army and NDRF teams worked their way through slushy earth and fast flowing water in the Teesta river basin and downstream north Bengal for the third day in search of those who were swept away and are still missing, officials said.
Of the 23 army personnel who were missing from Burdang area, the bodies of seven have been recovered from different areas downstream while one was rescued and the search is on for 15 missing jawans, Chief Minister P S Tamang said.
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The lawyer for the Enforcement Directorate has said that Bollywood actor Ranbir Kapoor has requested one week time to appear before the ED regarding the summon issued to him in connection with the Mahadev betting app case.
Speaking to ANI, ED lawyer Saurabh Pandey said, Mahadev app is a betting portal and it is a case of money laundering. Raipur ED office started the probe and four people were arrested. As the probe proceeded further, the names of many people came to light, and we issued summons to a few people.
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Congress general secretary Priyanka Gandhi Vadra is scheduled to visit poll-bound Madhya Pradesh on Thursday, marking her third visit to the state in recent months.
The Congress leader is set to address a public rally at Mohankheda in Dhar district. On Wednesday, All India Congress Committee spokesman Surendra Rajput informed reporters in Bhopal that both Priyanka Gandhi Vadra and Madhya Pradesh Congress president Kamal Nath will speak at the gathering in Mohankheda after visiting the Jain shrine located there.
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The Aam Aadmi Party (AAP) may stand accused by the Enforcement Directorate (ED) for the alleged Delhi liquor policy scam after the Supreme Court (SC) questioned their involvement on Wednesday, according to media reports.
The SC asked the Central Bureau of Investigation (CBI) and ED on why AAP had not been made an accused in the case under the Prevention of Money Laundering Act (PMLA), despite allegedly being a beneficiary of the scam. This occurred during a plea hearing of AAP leader and former Deputy Chief Minister Manish Sisodia.
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