Top News at the moment, April 17: Billionaire Gautam Adani’s household raised its stake in Ambuja Cements to 70.3 p.c from 66.7% with a 83.39 billion rupees ($996.7 million) funding. Meanwhile, Tesla chief Elon Musk is prone to announce an funding in India of $2-$3 billion, a report mentioned. In one other information, Iran’s President Ebrahim Raisi mentioned on Wednesday that if Israel makes the slightest act of aggression on Iran’s soil, will probably be dealt a robust and fierce blow. Check particulars beneath:
1. Adani Group invests ₹8,339 crore extra in Ambuja Cements
The Adani household accomplished the subscription to the warrants program in Ambuja Cements by injecting a further ₹8,339 crore, leading to a 3.6 p.c improve of their stake within the firm, on Wednesday. Read full story right here
2. Tesla’s Elon Musk prone to unveil ₹3 billion India funding
Tesla CEO Elon Musk is prone to announce a major funding throughout his upcoming go to to India. He is scheduled to satisfy Prime Minister Narendra Modi in New Delhi subsequent week. As per a Reuters report, Musk is poised to reveal plans for injecting practically ₹3 billion into the Indian market, primarily earmarked for the institution of a brand new manufacturing facility. Read full story right here
3. Middle-East battle: Iran warns Israel
After assaults by the Iranian navy, Israeli Prime Minister Benjamin Netanyahu mentioned that his nation would do all the things doable to defend itself. “I need to make it clear – we’ll make our personal selections, and the State of Israel will do all the things essential to defend itself,” he mentioned. Meanwhile, Iran’s President Ebrahim Raisi mentioned if Israel makes the slightest act of aggression on Iran’s soil, will probably be dealt a robust and fierce blow. Tap right here for LIVE updates
4. Dubai’s report rain
The arid nation of the United Arab Emirates (UAE) acquired the “heaviest rain ever” on Tuesday. It was deemed “a historic climate occasion” by the state-run WAM information company because the rainfall on Tuesday surpassed “something documented because the begin of knowledge assortment in 1949. Bahrain, Saudi Arabia, Qatar and Oman additionally acquired rainfall on Tuesday.
As many as 28 Indian flights, together with 15 Dubai-bound and 13 India-bound, have been cancelled on account of floods in Dubai. The flagship provider, Emirates Airlines, additionally stopped all check-ins for the day. Several viral video confirmed ankle-deep water in Dubai Metro station. Even the Dubai airport runway was submerged after report rainfall.
Vodafone Idea FPO’s date of subscription is scheduled for tomorrow (Thursday, April 18) and can shut on Monday, April 22. Vodafone Idea FPO worth band has been set within the vary of ₹10 to ₹11 apiece. There is a minimal bid restrict of 1,298 fairness shares, and past that, bids could also be placed in multiples of 1,298 fairness shares. All market specialists seem bullish concerning the FPO challenge. Read full story right here
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