Sunday, September 27
Sometime around mid-May, a confident Parth Jindal was just about to pop the champagne he had just received as a gift from a senior official, almost certain that he had outbid competition to snap up his biggest prize to date --- the India business of Dutch major Akzo Nobel NV. A sudden message from the same official, also in the thick of the deal, threw him off kilter within 24 hours. It read: ‘Twist in the Tale.’A revised counter, higher in value than JSW by around 7-8%, was sent directly to the supervisory board of Akzo Nobel NV in Amsterdam by the consortium of PE group Advent International and Indigo Paints, the other serious contender. Jindal, by then, already had improved his initial binding offer and was in pole position. The board was also made aware of the Supreme Court’s dec
Indian equity investors have favoured large cap companies in the first six months of the year—which saw high market volatility amid multiple geopolitical tensions, erratic energy prices, and imposition and later pause of reciprocal tariffs by the US. 122170582The mid- and small-cap benchmark indices, which gained 4% and 0.3% in the first six months, respectively, have largely underperformed the Nifty and Sensex in the January to June period this year compared with double-digit returns in the same period last year. On the sectoral front, the Nifty Defence index made a comeback amid rising IndoPak tensions, after taking a beating in the first two months of the year. It was the top performer in the first half, followed by capital markets and financial indices. 122170599Nifty IT index
Heavy rain has pushed the Beas River into severe flooding. Himachal Pradesh woke up to blocked roads, power cuts and broken pipelines as the monsoon tightened its grip.The India Meteorological Department (IMD) raised a red alert for the state. The rain hasn’t paused, crippling daily life and cutting people off from basic services.The Himachal Pradesh State Disaster Management Authority (HPSDMA) counted 259 roads blocked and 614 transformers knocked out. Water supply lines took a big hit too — 130 schemes stopped flowing overnight.— ANI (@ANI) “The monsoon is intensifying its grip, and the impact is visible across multiple districts. Roads, power lines, and water systems are all severely affected,” said an official from the State Emergency Operation Centre (SEOC). He added
President Donald Trump’s high-stakes economic proposal, officially titled the “One Big Beautiful Bill”, has ignited fierce debate in Washington, deepened fractures within the Republican Party, and reawakened a personal feud with tech billionaire Elon Musk. The bill is designed to deliver sweeping tax relief, industrial subsidies and infrastructure investments. But with a projected $3.3 trillion impact on the national debt over the next decade, many Republicans are balking at its fiscal recklessness, while policy experts and political observers warn it could be one of the most destabilising bills in America's modern legislative history.Far from unifying the GOP, the bill has exposed deep ideological rifts, raised significant ethical questions, and, in Musk’s case, sparked threats of
