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Mumbai: The JSW Group has firmed up a ₹9,300-crore financing package to fund the buyout of Akzo Nobel's local operations, stitching together a mix of debt, convertibles, and loan against shares at the promoter level, multiple people familiar with the tri-level fundraising initiatives told ET. The deal involves three separate tranches - an operating company-level debt of around ₹3,300 crore, a ₹3,000-crore convertible instrument at holdco, and about ₹3,000 crore loan against shares at the promot ...Read More >
MUMBAI: IPO street is buzzing again. The strong debut of HDB Financial Services on the bourses earlier this week is expected to fire up the momentum. Startups are adding to the IPO rush: Meesho on Thursday filed its draft IPO papers with markets regulator Sebi through the confidential route, seeking to raise up to Rs 4,250 crore through a fresh issue of shares.Primary market fundraising may hit $2.4 billion in July, almost matching the $2.5 billion peak seen in Dec 2024, edging past June's $2-bi ...Read More >
Bengaluru, July 3 (SocialNews.XYZ) As Indian javelin thrower Rohit Yadav prepares for the Neeraj Chopra Classic, he remains focused on staying fit and is aiming to match the season's best mark of 83.40 metres. Last month, Rohit braved challenging weather conditions to secure the gold medal at the Taiwan Athletics Open with a 74.42m throw. But at the NC Classic, the two-time national champion is hoping to match his season's best throw. "If there's an 80m mark, I believe I can reach it. The firs ...Read More >
Bengaluru, July 3 (SocialNews.XYZ) Sree Kanteerva Stadium is all lit up to welcome the javelin stars for the Neeraj Chopra Classic, a World Athletics Gold-level meet, scheduled to take place here on Saturday. Sanctioned by the Athletics Federation of India (AFI) and co-organised by two-time Olympic medallist Neeraj Chopra and JSW Sports, the event has attracted elite talent from around the globe. Among the headliners are Neeraj Chopra himself and 2016 Rio Olympic gold medallist Thomas Rohler, a ...Read More >
Bengaluru (Karnataka) [India], July 3 (ANI): In a defining milestone for Indian sports, the Neeraj Chopra Classic 2025, the country's first-ever international javelin competition, is all set to unfold at Bengaluru's Sree Kanteerava Stadium on Saturday, as per the press release from JSW Sports. This historic event, co-organised by two-time Olympic medallist Neeraj Chopra and JSW Sports, and sanctioned by the Athletics Federation of India, marks a major leap forward for Indian athletics. Also Re ...Read More >
Mumbai: Billionaire Sajjan Jindal plans to take JSW Paints public through a reverse merger with the listed Akzo Nobel India after completing the acquisition of the Dulux paints manufacturer. The Jindal family will retain a controlling stake in the combined entity, which will also include private equity investors and public shareholders. The private equity funds' involvement stems from their role in financing the Rs 13,336-crore Akzo Nobel India acquisition. Once listed, Jindal will have six publ ...Read More >
Bengaluru (Karnataka) [India], July 1 (ANI): Double Olympic medallist Neeraj Chopra found himself in a heartwarming encounter with 'a kind-hearted uncle' while strolling down a quiet street in Bengaluru. The unexpected meeting turned into a memorable conversation, showcasing Neeraj's approachable nature and the admiration he garners from fans of all ages. Neeraj Chopra Classic's official Instagram handle posted a heartwarming reel, 'Sometimes, the best moments aren't planned. A quiet street in ...Read More >
Bengaluru (Karnataka) [India], July 1 (ANI): Double Olympic medallist Neeraj Chopra found himself in a heartwarming encounter with "a kind-hearted uncle" while strolling down a quiet street in Bengaluru. The unexpected meeting turned into a memorable conversation, showcasing Neeraj's approachable nature and the admiration he garners from fans of all ages. Neeraj Chopra Classic's official Instagram handle posted a heartwarming reel, Also Read | 'Second Birthdate': Sushmita Sen Shares Paralympia ...Read More >
Mumbai, Jul 1 (PTI) JSW Paints aims to significantly increase its market share in decorative and industrial coating segments, following the acquisition of Akzo Nobel India Ltd, the makers of Dulux paints, a top company official said. Last week, JSW Paints announced the acquisition of 74.76 per cent stake from the Dutch promoters of Akzo Nobel India Ltd (ANIL) for a consideration of Rs 8,986 crore and announced an open offer of up to Rs 3,929.06 crore. JSW Paints, part of Sajjan Jindal-led USD ...Read More >
Bengaluru: Congress national general secretary Randeep Singh Surjewala Monday kicked off a feedback-cum-review exercise in Karnataka, aimed at evaluating the performance of the govt led by chief minister Siddaramaiah and to quell murmurs of dissent.The move also comes amid speculation of a change at the helm and a cabinet reshuffle, but Surjewala firmly denied any connection to changes at the top."This is purely an organisational exercise," Surjewala said. "Unlike what is being projected -- whic ...Read More >
New Delhi [India], June 30 (ANI): India's javelin star Kishore Jena has been ruled out of the inaugural edition of the Neeraj Chopra Classic 2025 due to an ankle injury, with Yashvir Singh coming in as his replacement in the final line-up. 'Kishore Jena has been ruled out of the Neeraj Chopra Classic 2025 due to an ankle injury. Yashvir Singh has been named as his replacement in the final lineup,' Neeraj Chopra Classic said in a statement. Yashvir and Kishore were in action Indian Open Athleti ...Read More >
New Delhi [India], June 30 (ANI): India's javelin star Kishore Jena has been ruled out of the inaugural edition of the Neeraj Chopra Classic 2025 due to an ankle injury, with Yashvir Singh coming in as his replacement in the final line-up. "Kishore Jena has been ruled out of the Neeraj Chopra Classic 2025 due to an ankle injury. Yashvir Singh has been named as his replacement in the final lineup," Neeraj Chopra Classic said in a statement. Also Read | ZIM vs SA 1st Test 2025 Day 3 Stumps: Visi ...Read More >
Bengaluru, Jun 30 (PTI) Struggling with an ankle injury, Kishore Jena has pulled out of Saturday's Neeraj Chopra Classic international javelin event and will be replaced by Yashvir Singh, the organisers announced on Monday. The 23-year-old Yashvir had finished second in the Federation Cup in April and fifth in the Asian Athletics Championships in South Korea in May with a personal best of 82.57m. Also Read | ZIM vs SA 1st Test 2025 Day 3 Stumps: Visitors Set Target of 537 Riding on Wiaan Mulde ...Read More >
Hyderabad: Thousands of devotees of Lord Jagannath enthusiastically participated in the Jagannath Rath Yatra organised by the ISKCON temple at Abids. Chanting slogans of 'Jai Jagannath', they joined the divine journey of the deities on their chariots on Friday. The city's famous ISKCON Temples took out grand processions from their respective temples, with the lanes beautifully decorated with traditional rangoli. The magnificent chariot carrying Lord Jagannath, along with Balarama and Subhadra, ...Read More >
MUMBAI: JSW Paints will acquire about 75% stake in Dulux-owner Akzo Nobel's India unit for Rs 9,407 crore ($1.1 billion) - marking the country's biggest deal in the sector amid growing competition. The acquisition will position JSW Paints, established by steel tycoon Sajjan Jindal in 2019, as the fourth largest player in the industry dominated by Asian Paints, Berger Paints, and Kansai Nerolac. The industry saw a new entrant in 2024 when Aditya Birla Group launched Birla Opus.JSW Paints plans to ...Read More >
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. Also Rea ...Read More >
Mumbai: India's paintmakers must gird up for a tougher battle from two upstarts. Birla Opus, owned by billionaire Kumar Mangalam Birla, has already shaken up the nation's paints sector with its pricing war. Now, JSW Paints Ltd's ₹9,300-crore acquisition of Dutch giant AkzoNobel's India unit portends a tighter squeeze on the profitability of their peers as they battle to protect turf. The deal by JSW Paints, part of billionaire Sajjan Jindal's steel-to-cement empire, will not immediately change ...Read More >
IMAGE: Neeraj Chopra lost his top spot to Grenada's Anderson Peters back in September 2024, shortly after the Paris Olympics. Photograph: Kai Pfaffenbach/Reuters India's world champion Neeraj Chopra dethroned Grenada's Anderson Peters to reclaim the number one spot in men's javelin throw world rankings following a string of brilliant performances on the international stage recently. Neeraj, a two-time Olympic medallist, has 1,445 ranking points as compared to Peters' 1,431, according to Olympi ...Read More >
Bhubaneswar: The capital city turned into a canvas of colour and devotion on Friday as thousands of devotees thronged the streets to witness Rath Yatra celebrations. Over 50 large and small chariots carrying the idols of Lord Jagannath, Lord Balabhadra and Devi Subhadra were pulled through different parts of the city, accompanied by chants of 'Jai Jagannath'.The air reverberated with sounds of devotional music as people from all walks of life joined hands to pull the intricately decorated wooden ...Read More >
New Delhi: Indian javelin thrower Neeraj Chopra on Friday showed a big heart and decided to bear the entire travel expenses of a fan. In fact, a fan had expressed his desire to watch the first NC Classic tournament on social media on Wednesday and requested Rs 2000. In response, Golden Boy Neeraj Chopra himself promised to bear the entire cost of his trip to Bengaluru. Two-time Olympic medalist Chopra promised to give the fan a complete VVIP experience, which also includes accommodation in Benga ...Read More >
Mumbai, Jun 27: Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday, supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. A strengthening rupee against the US dollar and softening crude oil prices in international markets also boosted investor confidence, according to traders. The BSE Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settle at 84,058.90. During the day, it jump ...Read More >
New Delhi, Jun 27 (PTI) On Wednesday, a fan expressed his wish to watch the inaugural NC Classic event, and Rs 2000 to cover his expenses. To his delight, the man on Friday received an all-expense paid trip to the tournament in Bengaluru from Olympic champion Neeraj Chopra. Chopra surprised the fan by offering him a full VVIP experience, including accommodation, for the event scheduled for July 5. Also Read | Neeraj Chopra's Heartwarming Gesture Goes Viral, Javelin Star Sponsors a Fan's 'Full ...Read More >
New Delhi, Jun 27 (PTI) Shares of Akzo Nobel India jumped over 7 per cent on Friday after Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal. The stock surged 6.65 per cent to settle at Rs 3,405 apiece on the BSE. During the day, it jumped 10.66 per cent to Rs 3,533. On the NSE, shares of the firm zoomed 7.20 per cent to end at Rs 3,419 each. The company's market valuation climbed Rs 967.28 crore to Rs 15,506.48 crore. ...Read More >
New Delhi: Sajjan Jindal-led JSW Paints' Rs 12,915-crore deal to acquire Dutch paint maker Akzo Nobel's India unit is among the biggest transactions in the country so far this year. JSW Paints on Friday announced that it will buy a 74.76 per cent stake in Dulux paint-maker Akzo Nobel India for Rs 8,986 crore, followed by an open offer to buy another 25 per cent from open market for up to Rs 3,929.06 crore, totalling tad over Rs 12,915 crore. It is slightly behind Japan's Sumitomo Mitsui Bankin ...Read More >
Stocktwits - Indian equity markets ended with gains for the second straight week, driven by improved global sentiment, with the Nifty ending above 25,600. The Sensex rose 303 points to close at 84,058, while the Nifty 50 rose 88 points to finish at 25,637. For the week, the benchmarks have gained 3%. The Bank Nifty hit a fresh record, ending above 57,400 for the first time, led by gains in ICICI Bank (NSE:ICBK) and SBI (NSE:SBI). Broader markets mirrored the optimism. The Nifty Midcap index ro ...Read More >
Bhopal, June 27 (UNI) In a bizarre incident, 19 vehicles of Madhya Pradesh Chief Minister Dr Mohan Yadav's convoy broke down together after diesel allegedly mixed with water was filled in their tanks at a fuel station in the Ratlam district of the state late Thursday night. Authorities carried out an inspection of the fuel station, and subsequently it was sealed. The stalled vehicles, mostly Toyota Innovas, had to be towed away and a replacement fleet was summoned hurriedly from Indore, to be ...Read More >
New Delhi: Shares of Akzo Nobel India jumped over 7 per cent on Friday after Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal. The stock surged 6.65 per cent to settle at Rs 3,405 apiece on the BSE. During the day, it jumped 10.66 per cent to Rs 3,533. On the NSE, shares of the firm zoomed 7.20 per cent to end at Rs 3,419 each. The company's market valuation climbed Rs 967.28 crore to Rs 15,506.48 crore. JSW Paints on ...Read More >
MUMBAI: JSW Paints, part of the diversified JSW Group, has signed a definitive agreement to acquire up to 74.76% stake in the larger rival and the Dulux-maker Akzo Nobel India for Rs 8,986 crore, marking one of the largest deals in the around Rs 90,000 crore domestic paints sector. The deal also involves an open offer and will pay the way the Dutch company to completely exit the country. The acquisition will make JSW Paints, which has not yet been able to make a clear mark in the paints segment ...Read More >
New Delhi, Jun 27 (PTI) Sajjan Jindal's JSW Paints on Friday announced acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal to become the fourth-largest player in the paint industry in the country. JSW Paints will buy a 74.76 per cent stake in Dulux paint-maker Akzo Nobel India for Rs 8,986 crore and launch an open offer to buy another 25 per cent from open market for up to Rs 3,929.06 crore. "JSW Paints today (Friday) entered into definitive agreements to acquire ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory t ...Read More >
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