Billionaire Kumar Mangalam Birla‘s Hindalco Industries is considering seeking about $1.2 billion in a planned IPO of US aluminium products maker Novelis, people familiar with the matter said, in what could be one of the year’s biggest share sales.Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said. The group…
Mumbai: Rents across 13 major Indian cities surged 16% year-on-year in the March quarter with Greater Noida, Gurugram and Bengaluru taking the lead.In Greater Noida, an emerging home to several techies and corporate employees, rents soared 32.1% while Gurugram and Bengaluru saw an increase of 24.5% and 23.7%, respectively. Sequentially, rents increased by 2.8% during…
Mumbai: Payments for minors and senior citizen-friendly features were some of the proposals discussed during a meeting convened by RBI with UPI players.RBI governor Shaktikanta Das on Wednesday convened a meeting of banks, leading third-party UPI apps, and NPCI. Banks said they have beefed up their systems to manage transactions, which have more than tripled…
BHOPAL: Amul is in talks for a possible takeover of Sanchi Dairy – a brand as familiar to Madhya Pradesh homes as Nandini in Karnataka, and just as emotive.The BJP-led MP govt wants to adopt the Gujarat-based Amul-like model for Sanchi in MP, sources told TOI, adding that whether Amul will ‘assist’ Sanchi to increase…
Supreme Court, while hearing a plea filed by Dehradun-based advocate Rituparn Uniyal, seeking immediate action to safeguard the region’s forests, wildlife, and birds from the devastating impact of wildfires, told the state govt on Wednesday that “cloud seeding or depending on rain god is not the answer” to the raging forest fires and the authorities…
HYDERABAD: After a 13-year hiatus, city-based National Institute of Nutrition (NIN) has revised its ‘Dietary Guidelines for Indians’, considering new scientific findings, lifestyle changes, diseases, and food habits. It advised Indians to restrict intake of sugar to 20-25 grams a day (a teaspoon is roughly 5.7g) since it comes from natural carbohydrates, avoid protein supplements…
AGRA: After bulldozer roadshow in Mainpuri, it was bulldozer “break dance” that made the crowd ecstatic at Wednesday’s venue of UP CM Yogi Adityanath‘s election rally in Aliganj sub-division of Etah district under Farrukhabad Lok Sabha seat.Yogi was scheduled to address a rally at DAV Inter College ground in Aliganj on Wednesday afternoon. Before the…
Armed with a degree in political science and law, Rebecca Samervel waltzed into journalism after a brief stint in modeling. As a reporter at The Times of India, Mumbai, she covers courts. She is a self-confessed food-a-holic. Travelling, politics and television are her passions. If you want to find her during the week the only…
THIRUVANANTHAPURAM: Arun Kumar is no stranger to navigating the bustling streets of Kerala‘s Kollam or racing down the highway to Thiruvananthapuram with sirens blaring. Yet, when faced with the daunting prospect of a 2,400km journey from Kollam to Raiganj in Bengal, doubts crept in. With the doctors advising minimal stops for food and fuel, the…
NEW DELHI: Tata Group’s airline merger woes continue unabated. Budget Air India Express – which operates 350-400 flights daily, of which over 250 are domestic and 120 international – is cutting about 40 flights daily till May 13, for now. In a replay of last month’s trouble at full-service Vistara, which is being merged with…
