Adani Airports to chart next decade with $21 billion infusion
Group flagship Adani Enterprises will invest $21 billion (₹1.75 lakh crore) in its airport business over the next 10 years, group chief financial officer Jugeshinder Singh told ET. The business is housed under wholly owned subsidiary Adani Airport Holdings, which currently owns seven operational airports,…
Makeover likely to give faceless I-T assessment a friendlier face
Synopsis “It is being reviewed to assess effectiveness,” said an official, adding that there is a line of thinking that it should be made optional for taxpayers. Another official said the idea is to address challenges in its implementation to ease compliance further for taxpayers….
Tata Sons hits pause on fresh funds till e-commerce, electronics businesses shape up
Synopsis “There is a strategic reason for not making any equity infusion even as organisational changes are being made,” said one of the persons. “However, new fund infusion will commence after the strategy and organisational changes for better operational efficiencies are in place.” Registrar of…
$100 billion m-cap ICICI Bank 6th Indian company to join the league
Mumbai: ICICI Bank on Tuesday became the sixth Indian company to achieve a market capitalisation of $100 billion after the stock rose by 2.48% to close at a record high of ₹1,199.05. The private lender is the second-largest bank in India by market capitalisation, after…
Shark Tank India’s Namita Thapar shares trolls have made her evolve as a person; says ‘It makes you so thick skinned that it’s a good thing’
Shark Tank India ‘s Namita Thapar shared how dealing with trolls has helped her evolve, making her “ thick-skinned ,” which she views positively. She discussed this personal growth while talking to actress Karishma Tanna on her podcast.When Karishma asked her about trolling, Namita reacted…
St Xavier’s sets up panel to roll out classes in shifts, make room for new courses
Mumbai: St Xavier’s College has set up a committee to review options for increasing classes by running them in shifts. The 155-year-old institute in south Mumbai plans to add several courses but is hampered given the space constraints on the premises of the heritage structure….
9 more city crematoriums to get new eco-friendly system
Mumbai: The BMC will set up an eco-friendly pyre cremation system at nine crematoriums across the city. BMC’s environmentally friendly wood pyre furnaces is a step towards reducing air pollution and environmental degradation.According to BMC, currently, there are 10 electric crematoriums and 18 gas crematoriums…
Prosus writes off Byju’s bet, sees zero value in 10% stake
MUMBAI: For Prosus , one of Byju’s largest investors, the startup now has zero value. The company has written off the fair value of its 9.6% stake in Byju’s, the Netherlands-based technology investor said in its FY24 annual report on Monday, marking a steep downturn…
Beware… 800 online financial frauds a day
Mumbai: Nearly 800 digital payment fraud cases are reported every day in India, nearly 10 times more than what RBI ’s annual report showed. This is because the central bank’s took into account cases above Rs 1 lakh only.According to the report, 29,082 card &…
Suraj Revanna sent to police custody for 8 days
BENGALURU: JD(S) MLC Suraj Revanna, arrested on charges of sexually abusing a 27-year-old male JD(S) party worker, was Monday remanded in police custody for eight days.Suraj was produced in court in the afternoon. CID officials, who are investigating the case, had approached the 42nd ACMM…
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