Foreign companies are increasingly using India’s booming initial public offering (IPO) market to cash out investments and send billions of dollars back to their home countries rather than raise fresh capital for expansion, according to a Reuters analysis.As per the report, only one of the six foreign-based companies that listed their Indian subsidiaries in Mumbai…
John Bolton, US President Donald Trump‘s national security adviser, during his 1st term, and later one of his most prominent critics, is expected to plead guilty to mishandling classified documents, according to three CNN sources familiar with the matter.Bolton plans to plead guilty to one felony count of illegally retaining sensitive national security documents and…
India’s push for flex-fuel vehicles can help meet twin national goals of cutting crude oil imports and reducing carbon emissions, but will require a full supporting ecosystem from fuel availability to wider model launches, Maruti Suzuki India MD and CEO Hisashi Takeuchi said on Thursday.Speaking at the launch of the company’s first flex-fuel car, Wagon…
The US stock market began trading on a mixed note on Thursday, as a pullback in several artificial-intelligence-linked stocks offset broader gains across the market, while easing oil prices provided support to investor sentiment.The S&P 500 gained 0.02% to 7,555.08 after retreating from its record high a day earlier, while the Nasdaq Composite fell 0.58%…
China’s nuclear-capable missile arsenal has expanded significantly in recent years, with estimates placing its warhead count at around 600; the Pentagon suggests the number could exceed 1,000 by 2030. The backbone of this arsenal includes the DF-41 intercontinental ballistic missile, a solid-fuel system capable of carrying multiple independently targetable reentry vehicles (MIRVs), deployed in both…
CHENNAI: Former BJP Tamil Nadu president K Annamalai is expected to disclose his future course of action during a social media interaction on Friday, intensifying speculation that he might launch a new political party.Taking to social media, Annamalai posted: “Tomorrow at 12 noon, I eagerly look forward to interacting with you all on social media…
India’s KS Bharat (PTI Photo/R Senthilkumar) Indian wicketkeeper-batter KS Bharat has announced his retirement from international cricket, bringing the curtain down on a career that saw him play seven Test matches for the country. The 32-year-old shared an emotional message on social media, reflecting on the sacrifices, support and determination that helped him achieve his…
NEW DELHI: Tamil Nadu BJP president Nainar Nagenthran on Thursday sought to end speculation over K Annamalai’s political future, insisting that the former state chief has neither resigned from the party nor spoken to anyone about launching a new political outfit.According to news agency PTI, Nagenthran said reports claiming Annamalai had quit the BJP were…
Oil Marketing Companies (OMCs) continue to face under-recoveries of nearly Rs 700 on every domestic LPG cylinder despite a range of measures taken by the government to strengthen supplies, ministry of petroleum and natural gas said on Thursday.Addressing an inter-ministerial briefing, Sujata Sharma, joint secretary in the ministry of petroleum and natural gas, said that…
NEW DELHI: In a dramatic political twist, AJUP founder Humayun Kabir on Thursday offered former West Bengal chief minister Mamata Banerjee a route back to the state Assembly from Rejinagar, just months after breaking away from the Trinamool Congress and campaigning against her government.Kabir, who won both the Nowda and Rejinagar seats in Murshidabad district…