The Hindu National
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Ramalinga Reddy to meet Randeep Singh Surjewala over portfolio allotment in Karnataka government
Chief Minister D.K. Shivakumar had met him on June 5 night in connection to discuss portfolio allocation
๐ฎ๐ณ ์ธ๋ ยท "MET" ยท ์ด 295๊ฑด
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Chief Minister D.K. Shivakumar had met him on June 5 night in connection to discuss portfolio allocation
Mr. Shivakumar met Mr. Reddy for nearly two-and-a-half hours at a private hotel in Jayanagar late on June 5, 2026 night
The depth of the earthquake, which struck about 40 k.m. from Dharamsala near the Kangra- Chamba border at 10:04 pm, was 5 km, the meteorological office said, adding that the epicentre was located near Dhar Godoi in Kangra.
Satheesan, who met a KRLCC delegation, assured that the land rights of the residents of Munambam would be protected
A moderate 5.0 magnitude earthquake jolted Chamba district in Himachal Pradesh on Friday night at 10:04 pm. Tremors were felt across Chamba and nearby areas, including the state capital Shimla. No casualties or significant damage have been reported following the shallow 5-kilometer deep earthquake.
GQG Partners has pared its holdings in two Adani Group companies through block deals worth about Rs 5,750 crore, with SBI Mutual Fund emerging as the buyer of the entire stake on Friday. According to NSE block deal data, GQG Partners Emerging Markets Equity Fund sold shares in Adani Enterprises and Adani Energy Solutions.The larger transaction involved 1.64 crore shares of Adani Enterprises sold at Rs 2,913.4 apiece, translating into a deal value of about Rs 4,789 crore. In a separate transaction, GQG sold 63.66 lakh shares of Adani Energy Solutions at Rs 1,504.8 per share, amounting to around Rs 958 crore.Together, the two transactions were valued at about Rs 5,747 crore. The shares were acquired by SBI Mutual Fund at the same prices through corresponding block deals.The stake sale comes after a strong run in Adani Group stocks over the past year, during which several group companies recovered sharply from the volatility that followed allegations made by US-based short seller Hindenburg Research in 2023.GQG had emerged as one of the earliest large institutional investors to back the Adani Group following that episode. Beginning in 2023, the fund manager invested billions of dollars across multiple Adani companies, helping restore investor confidence at a time when foreign institutional participation in the group had weakened.Since then, Adani companies have focused on deleveraging, strengthening cash flows and improving operational performance. Several group entities have reported healthy earnings growth, while execution across infrastructure, energy and transport businesses has remained strong.The latest transaction will be viewed by market participants largely as a portfolio rebalancing exercise rather than a change in the fund's broader investment thesis on the group.Adani Enterprises, the flagship incubator of the conglomerate, houses businesses spanning airports, roads, green hydrogen, data centres and mining services. Adani Energy Solutions is one of India's largest private-sector transmission companies and is expanding its presence in smart metering and distribution infrastructure.Shares of both Adani Enterprises and Adani Energy Solutions are likely to remain in focus as investors assess the implications of the stake sale and changes in institutional ownership.
The national project estimated to cost โน1 lakh crore is meant to process 9 โ 12 million metric tonnes of petrochemical products per annum.
The shares of metals major Tata Steel dropped nearly 3% on Friday after a fire broke out at the companyโs plant at Port Talbot in UK late on Wednesday, forcing the company to temporarily halt operations at part of the site.Large plumes of smoke were visible from the site and could be seen across the surrounding area, BBC reported, adding that emergency services remained at the scene on Thursday and were working to manage the incident.Tata Steel UK meanwhile said that all personnel were evacuated safely from the affected area. It added that the incident was not related to the safe and successful demolition of the empty, redundant gas holder earlier yesterday evening. The Mid and West Wales Fire Service attended the site while emergency services worked with local teams to completely extinguish the fire, the company further said.The 3.2 million tonne facility is transitioning to an electric arc furnace with an investment of ยฃ1.25 billion, with the help of aid from the local government. It is expected to be commissioned by the end of 2027. Tata Steel has completed major demolition work of the blast furnaces for the transition, and is currently working on fabrication and delivery of equipment.Also read: Tata Steel eyes 9% India sales growth this fiscalIn October 2024, Tata Steel ceased iron making operations at its Port Talbot site and temporarily paused steel manufacturing, pending the construction of a 3.2 MTPA electric arc furnace. What this means for Tata Steel share priceICICI Direct highlighted that the fire has reportedly been contained, although the extent of the operational impact is yet to be assessed. โWhile the incident is sentimentally negative, the UK operations contribute a relatively small share to Tata Steel's overall business, and hence the impact on the company's overall performance is expected to be limited. We await further clarification from the company regarding any operational disruptions or financial implications arising from the incident,โ it added.Tata Steel share priceTata Steel shares tumbled more than 3% to trade at Rs 204 apiece on Friday afternoon. The shares of the company have fallen around 2% in one week and 3% in one month. The stock is however up more than 12% in 2026 so far.In the longer term, Tata Steel shares jumped more than 29% in one year, 87% in three years and over 82% in five years. The company currently has a market capitalisation of more than Rs 2.55 lakh crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The document notes that Kochi Metro registers a monthly loss of โน35 crore. Notwithstanding these losses, the White Paper proposes metro projects in two more cities โ Thiruvananthapuram and Kozhikode
After the US Supreme Court curtailed the use of emergency powers for reciprocal tariffs, the Trump administration is searching for firmer legal ground.
โGive us statehood, give a timeline and parameters on which it will be decided,โ says the JK CM.
The petitioner, in his plea, sought deployment of "immediate preventive, regulatory, and crowd-control measures" at the IGI Airport, metro stations, and highway entry points
K Annamalai met Amit shah in New Delhi after submitting his resignation.
Shares of Hindustan Zinc sharply tumbled nearly 5% on Friday after a report said that the government is planning to sell as much as 2% stake in the metals major for up to Rs 5,000 crore ($525 million).The shares of the company dropped to Rs 575.20 apiece on NSE, the lowest level seen by the stock in six weeks, after the release of the Bloomberg report, citing people familiar with the matter. Shares of Vedanta, meanwhile, tumbled 3% to Rs 318.80 apiece.The Department of Investment and Public Asset Management (DIPAM) aims to launch the process this month or in July this year, the report said, adding that ICICI Securities, Axis Capital, IIFL Capital Services, and HDFC Securities are advising the government on the transaction.Hindustan Zinc shareholding patternThe Central government held nearly 28% stake in Indiaโs largest silver producer, according to data on the companyโs shareholding pattern as on March 31, 2026. Its largest promoter, Vedanta, meanwhile, held nearly 61% stake in the company.Another 3.5% stake was held by insurance companies, while foreign investors held more than 2% stake in Hindustan Zinc, as at the end of the January-March quarter of FY26.The latest report on the government's possible stake sale in Hindustan Zinc comes after the centre ramped up its disinvestment efforts. Last week, the government raised about $531 million from the sale of 2% stake in Coal India. Earlier this week, it raised $450 million by selling 6% stake in NHPC. Bloomberg also reported that the government is now mulling an OFS to sell 2% stake in LIC to raise as much as Rs 10,000 crore.ED raids at Hindustan Zinc officesThe shares of Hindustan Zinc declined earlier this week after Vedanta said that the Enforcement Directorate team visited some of its offices, confirming news reports. "We hereby inform that the Enforcement Directorate team visited some offices of our company and Hindustan Zinc, a subsidiary of the company," Vedanta said after stock exchanges sought clarification regarding news reports around ED conducting searches against Vedanta Group in FEMA probe. The Anil Agarwal-led company added that it is fully cooperating with the authorities and providing all requested information.Later, Vedanta announced that the searches had concluded and no penalty or restriction had been imposed by the authorities.Hindustan Zinc share priceHindustan Zinc shares have fallen more than 9% in one week and 6% in one month, while being down more than 6% in 2026 so far. The shares of the company have gained around 17% in one year.Also read: Did this L&T-backed AI stock actually crash 90% in one day? Here's all you need to knowIn the longer term, the stock delivered 87% returns over three years and 72% returns over five years. The company currently has a market capitalisation of more than Rs 2.43 lakh crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Bengaluru added just 9 km of metro per year under Shivakumar's watch. Now he's CM โ with a December deadline, stalled Phase 3 tenders, and a city still stuck in traffic.
Former Tamil Nadu BJP chief K Annamalai has resigned from the party, with his resignation accepted on Friday. He is expected to announce his future plans, potentially including the launch of a new political outfit, during a social media interaction. Annamalai had met with senior BJP leaders in Delhi to convey his decision.
Meta's top AI executive, Alexandr Wang, revealed the company's strategy to challenge rivals like OpenAI and Google by focusing on health-related AI capabilities. While acknowledging current models aren't top-tier, Wang highlighted Meta's commitment to advancing AI for health applications, aiming to integrate these features into popular platforms like Facebook and Instagram.
The core aim remains strategic autonomy, but the method has changed: India no longer stays away from power centres, it engages them simultaneously.
UK Foreign Secretary Yvette Cooper met External Affairs Minister Dr S Jaishankar.
A resident of Ujjain town, Manzoor Ahmed, 55, had been working as a tailor in Kuwait for about 30 years, and was about to travel to his hometown on Wednesday morning for a family wedding