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Anil Agarwal's Vedanta Resources is likely to sell a minority stake in Vedanta Ltd this week through block deals, people aware of the development said. The promoter group is likely to sell a stake of about 2.5%, or 90 million shares, to raise ₹4,000 crore through the transactions, said one of the persons. The sale is likely to happen at a discount of around 8-10%, one of the persons said. It will help Vedanta Resources repay debt due for payment in the next few months, one of them said.

Maxine Cole and her five sisters from Missouri were leading normal and sedentary lifestyle, with a wonderful relationship among themselves. And now, they have suddenly shot to fame by becoming a group of siblings with the highest combined age in the world, if the Guinness World Records officials are to be believed, says ABC News.

A new survey by Blackstone’s Private Wealth Solutions group offers a meaningful glimpse into how financial advisors are allocating client assets to private markets.

Boeing Starliner with its two astronauts - Sunita Williams and Butch Wilmore - to Earth from the International Space Station (ISS) was postponed by NASA again to allow more time to review technical issues.A new date for Boeing Starliner’s arrival on Earth has not been announced yet.Earlier, the spacecraft’s return was set for June 26. Before that, the first potential date was June 14.Williams and Wilmore were expected to return home after spending about a week in orbit.Williams scripted history by becoming the first female astronaut to fly on the first flight of a crewed spacecraft.

According to a FE fundinfo survey of 103 UK asset managers with at least £1bn in assets under management, 79% of firms considered data intelligence increasingly important, with 48% planning to significantly invest in data management infrastructure, while 88% agreed that accurate and timely data is essential in the context of driving asset growth. In addition, 47% of respondents saw asset growth as a top challenge over the next three years, highlighting the pressure of rising costs and narrower margins on returns across the industry. TILLIT removes five funds from recommended list foll...

Working out of Nashville, Tennessee, David Adams has a lot of experience dealing with rock stars.

₹27,200) followed by tur dal ( ₹12,100). The median value of loss for paddy during the kharif cycle was ₹8,400 during the last incidence of crop loss owing to extreme weather events, while the same for rabi wheat was ₹9,200, the survey report said. Paddy and wheat are sown by a majority of marginal farmers.

Quant Mutual Fund, which is under the Securities and Exchange Board of India (SEBI) scanner over an alleged front-running case, is one of the country's fastest-growing fund houses. According to data collected from ValueResearch, it has a total assets under management (AUM) of more than ₹84,000 crore.The decade-old fund house has generated high returns over the years for investors, thanks to the best-performing mutual fund schemes in its arsenal. Here is a list of best-performing funds from Ouant MF (as per data collected from ValueResearch reports):1.

Amitabh Bachchan has purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb Andheri for nearly Rs 60 crore. The actor already owns four offices totalling over 12,000 sq ft built up and 10,800 sq ft carpet area in the same commercial tower. ET had reported in September that these offices spanning an entire floor were bought and leased to music entertainment company Warner Music India through a long-term agreement for a total tenure of five years. The new office space spread over 8,429 sq ft carpet area is on the 27th, 28th, and 29th floor of the ready to move commercial tower. As part of the deal, the buyer will also get exclusive access to three car parking slots in the building.

A sleeping fund house has finally woken up and is quickly making inroads in the flexi cap category.

The matches will be streamed live for free on Disney+ Hotstar. Live coverage will also be available on Star Sports Network.

By Murtaza Haider and Stephen Moranis

The move to drop the funds came on the back of a review launched by TILLIT's investment committee, which was automatically triggered after the manager departure announcements. AXA Framlington Biotech fund was the first fund removed, after fund manager Linden Thomson moved to Candriam in February. This was followed by JO Hambro UK Dynamic, which lost its spot after manager Alex Savvides was hired by Jupiter to manage the firm's UK Special Situations fund. The third fund removed was Allianz Strategic Bond fund, which sees Mike Riddell set to leave the company in July to run Fidelity's S...

duty structure wherever required. In a pre-budget meeting with Finance Minister Nirmala Sitharaman, FIEO president Ashwani Kumar made a case for an extension of the Interest Equalisation Scheme for the next five years. «We request the scheme which is valid till 30th June, 2024 may be extended for a period of 5 years. Looking into the rise in interest rates consequent to the increase in Repo rate from 4.4 per cent to 6.5 per cent in the last 2 years, the subvention rates may be restored back from 3 per cent to 5 per cent for manufacturers in MSMEs,» Kumar said. Kumar also urged for the establishment of an Indian shipping line of global repute to reduce foreign shipping line dependency and save foreign exchange.

HDFC Mutual Fund has launched HDFC NIFTY100 Low Volatility 30 Index Fund, a passively managed fund that aims to track the NIFTY100 Low Volatility 30 Total Returns Index. The new fund offering or NFO is open for subscription and will close on July 5. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO. The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY100 Low Volatility 30 Index (TRI), subject to tracking error.

Boeing's Starliner spacecraft, carrying astronauts Barry Wilmore and Sunita Williams, is gearing up for its return journey from the International Space Station (ISS) despite facing technical challenges since its June 5 liftoff. The capsule has encountered five helium leaks, five maneuvering thruster failures, and a propellant valve issue, requiring extensive troubleshooting by the crew and mission control in Houston. Delayed Return

Oh, rats.

For non-resident Indians (NRIs), managing real estate in India can be a maze of unexpected challenges and hidden tax complexities. Imagine selling your property in India, only to realise that a hefty 20% tax is deducted at source, and the key to reducing this tax burden lies in past tax returns, you never knew you were required to file. 

₹25,000-27,500 crore in pumped-storage hydropower (PSH) dams over the next five odd years, with PSH capacity of 5 gigawatts as its initial goal. Having already invested heavily in wind and solar projects, Adani expects to move fast on this, aiming to scale up its PSH capacity to 25GW eventually. Players like Tata Power, JSW and the state-run NTPC also plan pump dams.

The private operator of Puerto Rico’s power grid has confirmed the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory

Five years after the 2018 Camp Fire killed 85 people and destroyed 90% of the homes here, residents of Paradise, California, face a new struggle: Finding homeowner's insurance