ASTER DM Healthcare (ASTERDM) board has approved merger with Quality care that makes them third largest healthcare chain by revenue and bed capacity in India. The deal was transacted at swap ratio of 57.3: 42.7 in favor of Aster shareholders. We believe transaction was done at 26% premium from ASTERDM relative to Quality Care despite similar pre IND AS EBITDA adjusted for minority based on FY25E, which is justified and done at fair value in our view given higher growth profile for AsterDM. Our b...Read More
The JSW Group has lined up $70 billion of capital investments over the few years in sectors steel, cement, energy and paint besides an ambitious foray into automobiles. In a wide-ranging interview with Moneycontrol, Sajjan Jindal, Chairman and Managing Director, JSW Group spoke about the group's business roadmap, his passion for sports and how the Jindal brothers compete in business while maintain family ties. Edited Excerpts: Mr. Jindal, welcome to Moneycontrol. There is a lot of talk about pr...Read More
The new circle rates in Gurugram have come into effect from December 1 Gurugram: People eyeing a home in Gurugram will now have to pay more as the district administration has hiked the circle rates by 10% to 30%, driven mainly by demand. Luxury residential areas like Golf Course Road are likely to see a 30% hike in circle rates. According to reports, the new circle rates have come into effect from December 1 and will be applicable at least till March 31 next year. The price hike, however, has...Read More
India has solidified its position as one of the world's premier tourist destinations, welcoming more than 10 million foreign visitors in 2023. This remarkable growth in tourism has been attributed to several key factors, including simplified e-visa processes, its rich cultural diversity, and its vast range of natural and historic attractions. As the travel industry prepares for the upcoming season, India is set to continue its trajectory of increasing global recognition, making it a prime destin...Read More
Southern Thailand and northern Malaysia are grappling with one of the most devastating flood events in decades, forcing tens of thousands to evacuate and severely disrupting lives, travel, and tourism in the region. With over 600,000 people affected, this natural disaster highlights the vulnerabilities of key Southeast Asian destinations to extreme weather events. Thailand has been severely impacted, with nearly 534,000 households affected by the floods. The death toll in Thailand has risen to ...Read More
Entrepreneur and managing director of Homestays and villas and Mangalya destination weddings, Siddharth Bakaria, was the latest victim of the horror show that the city has turned into. Delhi's air and its declining quality have unfortunately become the hallmark of the general discourse of the country towards the end of the year and almost all throughout Winter. Lungs are Burning To no one's surprise, the Winter of 2024 is no different, with the landlocked capital city breaking the most undesi...Read More
Dozens of two-wheelers skidded on a Hyderabad road after an oil tanker leaking fuel passed from the area. The incident which occurred on Hyderabad's Kushaiguda-Nagaram road left several bikers injured. In a video, which went viral after the accident, men and women were seen sprawled on the road along with their fallen two-wheelers. While some of them are still on the road, others can be seen attempting to pick up their vehicles. "A road stretch between ECIL & Keesara has turned slick due to a ...Read More
Strikes gain global traction as unions push for fair treatment, sustainable practices, and tax accountability Amazon workers in India and around the world have launched strikes and protests during the busiest shopping weekend of the year -- Black Friday to Cyber Monday. The movement, called "Make Amazon Pay," is backed by UNI Global Union and Progressive International, with the goal of holding Amazon accountable for alleged labor abuses, environmental harm, and disregard for democratic principl...Read More
Over 40 companies, including WorldQuant and IMC, join IIT Bombay's placements The final placement process for 2024 kicked off on Sunday at premier IITs, including Delhi, Bombay, Madras, Kanpur, Roorkee, Kharagpur, Guwahati, and BHU. Students have started receiving impressive job offers, highlighting the robust demand for talent from these institutions. The placement season at IIT Bombay began with great enthusiasm, with more than 45 companies taking part on the opening day. A standout moment c...Read More
SpiceJet has secured rights to operate Haj flights in 2025 from four Indian cities -- Kolkata, Guwahati, Srinagar, and Gaya. The airline plans to operate over 100 flights, expecting 15,500 additional pilgrims compared to this year, with projected revenue of Rs 185 crore. Domestic airline SpiceJet has announced that it has obtained rights to operate Haj flights in 2025 from four major Indian cities: Kolkata, Guwahati, Srinagar, and Gaya. SpiceJet will manage over 100 dedicated flights using bot...Read More
Mirae Asset Financial Group has completed its acquisition of Sharekhan after receiving necessary regulatory approvals. This acquisition heralds a significant milestone for both entities as Sharekhan is incorporated into the Mirae Asset family. The move is set to leverage Mirae Asset's global expertise to bolster Sharekhan's business endeavors across India. By fusing Mirae Asset's international resources with Sharekhan's entrenched market presence, the acquisition seeks to formulate a robust fin...Read More
The TOI News Desk comprises a dedicated and tireless team of journalists who operate around the clock to deliver the most current and comprehensive news and updates to the readers of The Times of India worldwide. With an unwavering commitment to excellence in journalism, our team is at the forefront of gathering, verifying, and presenting breaking news, in-depth analysis, and insightful reports on a wide range of topics. The TOI News Desk is your trusted source for staying informed and connected...Read More
Reflecting growing cross-border tensions, ILS Super Specialty Hospital in Agartala has announced its decision to stop treating Bangladeshi nationals. Reflecting growing cross-border tensions, ILS Super Specialty Hospital in Agartala has announced its decision to stop treating Bangladeshi nationals. The hospital's executive committee finalised this move in response to mounting protests by nationalist groups in Tripura, which have opposed the continued influx of Bangladeshi patients amid escalat...Read More
Nagaland Lottery: DEAR DWARKA MORNING 1PM, DEAR BLITZEN DAY 6PM, and DEAR FINCH EVENING 8PM will be announced today at their respective timings. The first prize for each of these lotteries is 1 crore. Nagaland Lottery Sambad Monday, December 2, 2024: The conducting and playing of lottery games is completely prohibited in all other states of India, except for 13 states where these activities are permitted. Lottery games and operations have been permitted in 13 Indian states since 1967, including...Read More
Puducherry [India], December 2 (ANI): The effects of Cyclone Fengal have been devastating after the storm made landfall, causing extremely heavy rainfall in coastal regions of north Tamil Nadu and Puducherry. The union territory witnessed severe flooding, especially in areas surrounding the Sankaraparani River, with over 200 residences in NR Nagar inundated. The people living in the area remain stranded as the Indian Army along with the National Disaster Response Force (NDRF) are working togeth...Read More
NTPC's green subsidiary has a robust project pipeline and is more competitive than its peers Unlock this article at ₹1 Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook...Read More
Heavy rains are expected to lash Tamil Nadu as the state reels under the effect of Cyclone Fengal.Source : PTI Tamil Nadu has been reeling under the effects of Cyclone Fengal with heavy rainfall lashing the state and no respite as heavy showers are expected to continue in several districts. According to the India Meteorological Department, eight districts in the state are expected to receive heavy rainfall. The weather department has issued a yellow warning for these eight districts namely Tir...Read More
Noida (Uttar Pradesh) [India], December 2 (ANI): A 3-tier security plan has been put into effect and security forces have been deployed in parts of Noida-Delhi ahead of the farmers 'Delhi Chalo' protest march, said an official on Monday. According to the Shivhari Meena, Addl. Commissioner Of Police Noida, " We are in constant talks with farmers regarding the 'Delhi Chalo' march. Yesterday also we spoke to them for 3 hours. We have also prepared a 3-tier security plan...around 5,000 Police perso...Read More
Pune Airport is set to boost international travel with new daily flights to Dubai and bi-weekly flights to Bangkok, starting October 27. Pune is gearing up to enhance its international flight connectivity with the launch of new routes beginning October 27.The city will soon have a daily flight to Dubai and a bi-weekly service to Bangkok. This announcement was made on Thursday by Murlidhar Mohol, the Minister of State for Civil Aviation. Currently, Pune airport caters to two international desti...Read More
The criticism followed the launch of Mahindra's new electric vehicle range, including the BE6e and XEV 9e. Anand Mahindra, chairman of the Mahindra Group, has responded to a critical tweet targeting the company's car designs, service quality, and reliability, even comparing it unfavourably to competitors like Hyundai. This came after Mahindra launched its new electric vehicle range, the BE6e and XEV 9e. The scathing X post, in part, read, "Every single product of yours is for those who don't s...Read More
~ 300+ exhibitors from 50+ countries including the USA, Chile, Iran, Turkey, Oman, Saudi Arabia, and Australia ~Exhibitors will have the opportunity to network with industry leaders, trading, participate in knowledge sessions, explore business growth opportunities, and engage in panel discussions that aim to discuss the way forward for the dry fruit and nuts industry trade ~ The Inaugural edition of MEWA witnessed a business conversion rate of approximately 80% and aims to improve it further. ...Read More
Green stocks have come under the lens of investors as NTPC Green Energy shares are trading at a high PE despite a strong debut on Dalal Street. This has improved the valuations of other green energy stocks, and discounted buying is taking place in this sector Mahesh M Ojha, AVP -- Research at Hensex Securities Connecting the green energy stock rise with the RBI MPC meeting, Seema Srivastava, Senior Equity Research Analyst at SMC Global Securities, said, "The Reserve Bank of India (RBI) and othe...Read More
Mirae Asset Sharekhan clients can expect uninterrupted access to their accounts, platforms, and services, with the addition of Mirae Asset's global investment options. Mirae Asset Financial Group today announced the completion of its acquisition of Sharekhan, following the receipt of all required regulatory approvals. This marks a new chapter in both companies' journeys as Mirae Asset Sharekhan becomes part of the Mirae Asset family. With this acquisition, Sharekhan will continue to develop it...Read More
Shares of Punjab National Bank 0.4 per cent to Rs 104.50 at 12:04PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 446,030 shares with a turnover of Rs 4.67 crore till 12:04PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 8.30, while the price-to-book value ratio stood at 1.34. Return on equity (ROE) was at 8.92 per cent, according to exchange data. The stoc...Read More
Also Read | Stocks to buy: These 9 stocks may rise 8-18% in the next 3-4 weeks, say analysts Looking ahead, market experts suggest that the Nifty 50 is likely to remain cautious due to several negative factors. These include threats of tariffs from Trump, persistent inflation pressures in the US, and the recent release of the US PCE index, which is the Federal Reserve's preferred inflation gauge. Additionally, the solid economic momentum in the US, and improving consumer prospects add complexit...Read More
No need for new UAN when changing jobsConsolidate multiple UANs via EPFO portalSubmit Form-13 to transfer balance and details If you're changing jobs, the Employees Provident Fund Organisation (EPFO) has an important guideline. It has mentioned that one does not need to generate a new Universal Account Number (UAN) when leaving one's previous job. A UAN is a 12-digit number that serves as a unique identifier for your EPF account, ensuring your provident fund (PF) remains linked to you across d...Read More
India is on the brink of sealing a deal to procure 26 Rafale jets of the naval variant and three additional Scorpene submarines, according to Navy Chief Admiral Dinesh K Tripathi. This strategic move is poised to significantly boost India's maritime defense capabilities. Speaking ahead of Navy Day, Admiral Tripathi disclosed that government approval for two nuclear-powered submarines underscores confidence in India's homegrown ability to construct advanced naval vessels. He noted that current p...Read More
The company's shares, which were priced at just ₹7.75 apiece three years ago, have skyrocketed by an incredible 25,758%, currently trading at ₹2,004. At the stock's peak price of ₹3,169, achieved in early October, the returns were even more astounding, reaching 40,790%. Eraaya Lifespaces has been making significant strides on Dalal Street, with its shares consistently reaching record highs month after month, delivering substantial returns to its shareholders in a relatively short time. The com...Read More
The rupee declined to a new all-time low after data showed a sharp slowdown in the economic growth. Bonds extended gains on bets the central bank may cut interest rates sooner than anticipated. The rupee fell 0.2 per cent to 84.6637 per dollar after a government report on Friday showed the economy grew at the slowest pace in almost two years. A stronger dollar spurred by US President-elect Donald Trump demanding a commitment from the so-called BRICS nations to using the greenback also weighed ...Read More
Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 8.69 per cent and 3.41 per cent, respectively.The share price of Siemens Ltd. 0.4 per cent to Rs 7591.50 at 11:59AM (IST) in Monday's trade. The scrip has hit a high of Rs 7647.95 and low of Rs 7529.70 so far during the session. The stock had closed at Rs 7560.95 in the previous session. The counter has had a total traded volume of 6308 shares so far with a value of Rs 4.79 crore on the NSE....Read More