New Delhi: After using its cash to help new promoter raise stake in the company, Cairn India has loaned out USD 1.25 billion to Vedanta Group, leading to its stock dropping by the most in five years.
Cairn, which has already disbursed USD 800 million out of the total loan of USD 1.25 billion, made the loan disclosure after analysts raised doubts on utilisation of cash reserves.
Its spokesperson said, "the loan has been extended for two years at floating rate of 3 percent plus LIBOR after requisite approvals, which is significantly higher than comparable rates being received on fixed deposits of same tenor."
Colombo, July 24 : Former skipper Mahela Jayawardene unbeaten 140 helped Sri Lanka to end Day One of the second Test against South Africa on a healthy 305 for the loss of five wickets.
At the end of the day's play at the Sinhalese Sports Club, Jayawardene walked off to a huge applause after scoring his 34th Test century, while giving some hope to his Sri Lankan team mates of putting up a healthy and challenging total for the Proteas.
It was Jayawardene's 11th Test hundred at his home ground, and extended his lead at the top of the list for most Test runs scored at a single venue.
New Delhi: Glenmark Pharmaceuticals Thursday reported 43.7 percent jump in consolidated net profit at Rs 184.8 crore for the first quarter ended June 30, 2014.
The company had posted net profit of Rs 128.6 crore in the same quarter of the previous year.
Consolidated net sales of the company rose by 19.38 percent to Rs 1,477.8 crore during the quarter under review, as against Rs 1,237.8 crore in the same period of previous fiscal, Glenmark Pharma said in a BSE filing.
New Delhi: Drug firm Pfizer Thursday reported 3.10 percent decline in net profit at Rs 46.15 crore for the first quarter ended June 30, 2014.
The company had posted a net profit of Rs 47.63 crore in the same period of previous fiscal.
Net sales of the company, however, rose to Rs 239.85 crore during the first quarter, as compared to Rs 237.53 crore in the same period of previous fiscal, Pfizer Ltd said in a filing to the BSE.
Shares of Pfizer today closed at Rs 1,412.05 apiece on the BSE, down 0.45 percent from previous close.--- PTI
Mumbai: Gold prices declined further at the bullion market here Thursday due to weak demand from jewellery stockists as well as consistent selling by investors amid sluggish overseas sentiment.
Silver also drifted down on speculative unwinding coupled with lack of industrial buying support.
Standard gold (99.5 purity) dropped by Rs 135 to end at Rs 27,810 per 10 grams from overnight level of Rs 27,945.
Pure gold (99.9 purity) shed Rs 140 to end at Rs 27,955 per 10 grams compared to Rs 28,095 previously.
Silver (.999 fineness) fell by Rs 145 to finish at Rs 45,450 per kg from Wednesday's level of Rs 45,595.
Washington, July 24 : Researchers have recently raised questions regarding Voyager 1 not reaching in the interstellar space, after it was announced in 2012 that the spacecraft has traveled further from Earth than any other manmade object.
Some scientists have said that the spacecraft was still within the heliosphere, the region of space dominated by the Sun and its wind of energetic particles and has not yet reached the space between the stars. However, two Voyager team scientists have developed a test that claimed could prove once and for all if Voyager 1 has crossed the boundary.
Washington, July 24 : Prof. Vladimir Krasnopolsky, researcher from Moscow Institute of Physics and Technology, has designed a new model that provided the latest data of Titan's atmosphere.
The atmosphere of Saturn's largest moon was described by a model that took into account the presence of 83 neutral molecules and33 ions and420 different chemical reactions between them. Despite the fact that Titan has been located much further from the Sun than the Earth and that radiation flux coming from the Sun to the moon was 100 times less, the intensity of UV rays was enough to spur photochemical reactions in the upper layers of Titan's atmosphere.
London, July 24 : The rising tension in Gaza which has already claimed the lives of almost 700 Palestinians may have witnessed war crimes by Israel, the United Nation's top human rights official has alleged.
According to The Independent, referring to the July 16 attack by Israel in which four Palestinian boys were killed on a beach in Gaza, UN High Commissioner for Human Rights Navi Pillay said in Geneva that there is a strong possibility that international humanitarian laws have been violated in the conflict and an enquiry must be initiated.
New Delhi, July 24 : Priyanka Chopra has launched the trailer of her upcoming biopic drama film 'Mary Kom' along with director Sanjay Leela Bhansali and producer Omung Kumar, in Mumbai.
Speaking about the film in which she is playing the role of Olympic boxing champion Mary Kom, the 'Agneepath' star said, "Whatever I am playing, especially a biopic on a living, breathing person who is almost my age, that was the most difficult thing for me to do. If we are working on a biopic, we have to be very particular".
New Delhi, July 24 : Delhi Lieutenant Governor (LG) Najeeb Jung met Union Home Minister Rajnath Singh here on Thursday at the North Block
The meeting comes amidst the demand of the Aam Admi Party that the Delhi Assembly should be dissolved and fresh elections should be held.
The Aam Aadmi Party (AAP) has alleged that the BJP is trying to form a government in the national capital. It has also alleged that the BJP was indulging in unethical practices and luring lawmakers to support it to form a government in Delhi.
London, July 24 : English model Kate Moss recently revealed that she wasn't always proud of her body.
During an interview with photographer Nick Knight, the 40-year-old beauty, who had started posing since the age of 14, said that she was really skinny and tiny back then and felt very "self conscious", the Daily Express reported.
She added that she just used to have junk food and snacks back then, as the fashion jobs she had didn't provide food.
London, July 24 : Cheryl Cole's new hubby, Jean-Bernard Fernandez-Versini gave her the specially designed platinum engagement ring to show his "unfailing, unconditional love".
The 33-year-old French tycoon bought the expensive rings days before their nuptial on Caribbean island of Mustique.
Geraldo boss Roman Garfunkel, designer of the ring said that Versini asked him to design the ring with "no limit" size of the stone.
Garfunkel further added that he decided to guide him towards a design emphasising the size and purity of his love, without compromising Cole's personality. (ANI)
London, July 24 : Actress Zoe Saldana is pregnant with her first baby with her Italian hubby Marco Perego.
The 36-year-old beauty, who married Perego in 2013, had earlier mentioned on 'The Conversation With Amanda de Cadenet' show that loves children and gets along really well with them, the Mirror reported.
Saldana, who'll soon be seen in Marvel's 'Guardians of the Galaxy' had added that to her, kids made more sense than grown-ups most of the time. (ANI)
New Delhi, July 24 : Former IPS officer Kiran Bedi today said that the elected representatives who are opposing Sania Mirza's appointment as the brand ambassador of Telangana are involved in small talk and wasting everyone's time.
Bedi told ANI, "These elected representatives are involved in very small talk. This is small talk and wasting big time of everyone. A daughter remains a daughter, she doesn't lose the roots in her country, and some of our elected people refuse to grow up. If a man marries outside the country he is not called an outsider then why should a woman be called that?"
Srinagar, July 24 : Jammu and Kashmir Chief Minister Omar Abdullah on Thursday said that for some people the appropriate time to revoke Armed Forces Special Powers Act from Jammu and Kashmir will never come even if there total peace in the state.
"It is ongoing discussion with the Central Government. Earlier it was the UPA Government and now it is the NDA Government. For some people the appropriate time to revoke AFSPA will never come. They are so fond of such laws that even if there is total peace here and no incidents of violence are reported, then also they will come up with some reasons so as to continue such laws," said Omar.
Washington, July 24 : Sony Pictures have set the date for 'Spider-man' spin-off, 'Sinister Six', for November 2016.
Doug Belgrad, the studio president, declared the news on the opening day of Comic-Con, and said that they felt "confident" about the super-villain project's release date, which is to be helmed by Drew Goddard, and believe that it would and would make Sony a stronger competitor against the other upcoming superhero films.
According to Variety magazine, Sony had earlier wanted 'The Amazing Spider-Man 3' to hit theatres in 2016, but with this decision, they have pushed the film for
London, July 24 : Nicole Scherzinger may have to snub 'X Factor' to perform on ' Strictly Come Dancing's results show.
The girlfriend of Formula One racer Lewis Hamilton is at the centre of a war between the BBC and ITV as both want the ' Beep ' singer, who will soon be releasing her new solo album, the Daily Star reported.
Strictly bosses want her to perform one of her new tracks live on their results show while the ' X Factor' wants her to be a judge on the next season of their show.
London, July 54 : Real Madrid winger Gareth Bale feels that the club's 71 million pounds latest acquisition of James Rodriguez has underlined La Liga's status as the best football league in the world.
Rodriguez has reportedly joined a huge number of stars in Spain, including Cristiano Ronaldo, Lionel Messi and Toni Kroos with his move to the Spanish League club. Luis Suarez will also be in action for Barcelona once his four-month ban ends in October.
Bale said that the Spanish League is the most exciting and the world's top players play there, The BBC reported.
New Delhi, July 24 : Akshay Kumar is going all the way to promote his upcoming film 'Entertainment', as he feels entertainment is a necessity of life.
During a unique promotional event held in Mumbai, Akshay recorded a live song for the film and made his fans sing along.
Washington, July 24 : Facebook has announced its second quarter's earnings, and shows a considerable rise in advertising revenue on mobile.
Facebook has become more of a mobile company now. It makes 62 percent of its advertising revenue on mobile, a dramatic change for a company that had no mobile ads as recently as two years ago, The Verge reported.
Of the 1.32 billion people who use Facebook each month, 399 million, roughly a third, only log in with their phones.