Parts of the Rayalaseema region in Andhra Pradesh are expected to receive widespread rainfall today, while the north and south coastal regions will experience light to moderate rainfall over the next four days. Thunderstorms with lightning are also expected in many places until November 7. The rainfall is much needed as the state had...
Read MoreRaymond group has acquired a 59.2% stake in Maini Precision Products for Rs 682 crore through a combination of debt and internal accruals. The transaction will be subject to regulatory approvals and is expected to be completed during the current fiscal. This acquisition is a strategic move to strengthen Raymond’s existing engineering business. The...
Read MoreThe All India Majlis-e-Ittehadul Muslimeen (AIMIM) has announced that it will contest from nine assembly constituencies in the upcoming elections, one more than it contested in 2018. The party, led by Asadudddin Owaisi, has already announced candidates for six of the nine seats and will name the candidates for the remaining seats soon. Contrary...
Read MoreIndia’s services sector growth slowed down in October to a seven-month low due to weaker output and new business, according to a survey. The seasonally adjusted S&P Global India Services PMI Business Activity Index dropped to 58.4 in October, from 61 in September. The survey revealed subdued demand and competitive conditions as factors impacting...
Read MoreAttempts by the public health and engineering department (PHED) in Rajasthan to award tenders for Jal Jeevan Projects (JJM) to 15 contractors at an escalated cost have caught the attention of the Enforcement Directorate (ED). The finance department rejected the PHED’s proposal to increase the tender value in January and again in June, leading...
Read MoreRajasthan Chief Minister Ashok Gehlot has challenged former CM Vasundhara Raje to a public debate on the seven guarantees he announced on behalf of the Congress. This is the first time Gehlot has directly challenged Raje. The challenge comes after Raje ridiculed Congress over the guarantees while speaking at a BJP rally. Gehlot’s guarantees,...
Read MoreSterlite Power Transmission (SPTL) is demerging its transmission infrastructure business with a view to unlocking value by creating distinct verticals based on consumer base, investor class and return profiles. Under the demerger scheme, existing Sterlite Power shareholders will receive one additional share of SGL5 for every share of SPTL they hold, the company said...
Read MoreReliance Retail will acquire Arvind Beauty Brands Retail, a subsidiary of Arvind Fashions that runs the Sephora India business, in a Rs 99 crore all cash deal. As part of the transaction, Reliance’s retail arm will take over the operations of Sephora’s 26 stores across 13 Indian cities, besides gaining exclusive rights to build...
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