Air India Received Nine Notices For Safety Violations In Six Months, Says Indian Minister
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Business Standard
25 minutes ago
- Business Standard
Torrent in talks to acquire L&T thermal unit in $1 billion deal: Report
Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge Bloomberg Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said. Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge. A representative for L&T declined to comment, while Torrent Power didn't immediately respond to a request seeking comment. L&T has been evaluating selling its thermal unit to focus on its core engineering and construction business. The company held talks in 2021 to merge the asset with the Indian arm of Singapore-based Sembcorp Industries Ltd., Bloomberg News reported at the time. Torrent Power, owned by Ahmedabad-based conglomerate Torrent Group, offers services including power generation, transmission, distribution, as well as manufacturing and supply of power cables, according to its website. Shares of Torrent Power have dropped around 9% in Mumbai this year, giving the company a market value of nearly $8 billion.
India.com
25 minutes ago
- India.com
Meet Dipanshi, Varanasi girl hired by Microsoft as..., pursuing B.Tech at THIS premier school, not IIT, the name is...
Dipanshi is pursuing a degree at IIIT Allahabad. (File/LinkedIn) While millions of young Indian professionals with degrees from Tier 1 colleges like IITs dream of one day working for big tech firms like Microsoft, Google, Amazon, etc, Dipanshi, a young woman from Varanasi, Uttar Pradesh, has received an opportunity to work at Microsoft, even as she's yet to complete her degree. Who is Dipanshi? A native of Varanasi in Uttar Pradesh, Dipanshi is currently pursuing a degree in Information Technology (IT), at the Indian Institute of Information Technology (IIIT), Allahabad. Dipanshi completed her schooling at the St. John's School in her hometown, and then secured admission at IIIT Allahabad owing to her excellent grades class 12th ICSE board exams. Currently, Dipanshi is pursuing is in the pre-final year of her in Information Technology at IIIT Allahabad. How Dipanshi joined Microsoft? Normally, tech giants like Microsoft and Google hire students from top colleges, who a majority of those are pursuing a degree in Computer Science. However, Dipanshi is a rare case when the company hired an IT student. 'I am currently a pre-final year student in Information Technology at the Indian Institute of Information Technology, Allahabad. As an enthusiastic learner and problem-solver, I am motivated by the opportunity to create impactful solutions to real-world challenges. I aspire to work in a stimulating and growth-oriented environment where I can apply my skills to support organizational success while continuously advancing my expertise,' Dipanshi writes in her LinkedIn bio. 'My focus is on achieving both personal and professional growth by contributing value to meaningful projects and thriving in a culture of innovation and excellence,' she adds. What's her work experience? Dipanshi joined Microsoft as an SWE Intern in May 2025 and started working at the company's Karnataka office, where she got an opportunity to work to hone her technical professional skills while working on real-time projects at the world's largest tech company. Currently, she's still working as an SWE Intern with Microsoft, as per her LinkedIn page.
India.com
25 minutes ago
- India.com
Geeta Gopinath's husband cleared UPSC twice, topped exam in 1996, left IAS due to..., his name is...
Iqbal Singh Dhaliwal, Raghuram Rajan, Gita Gopinath and Esther Duflo, Abhijeet Banerjee (Left to right) You must have read multiple stories about Gita Gopinath, who earlier announced stepping down from the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF). Various media reports have talked about her educational qualification, her background and how she joined the IMF. However, do you know that she has a very strong connection with India and her husband, Iqbal Singh Dhaliwal is an Indian Administrative Officer, working under the Government of India. Who is Iqbal Singh Dhaliwal? Iqbal Singh Dhaliwal is the husband of economist Gita Gopinath who secured All India Rank 1 in the 1996 UPSC exam. Clearing the exam twice, Iqbal served as an IAS officer in the Tamil Nadu cadre for five years before moving abroad. Talking about his educational qualifications, Iqbal is a Delhi University economics graduate and Princeton scholar. As of the recent update, Iqbal Singh Dhaliwal is the Global Executive Director of J-PAL at MIT, a prominent research centre working on global poverty reduction. Dhaliwal has received several international honours for his contributions to policy and development, and he continues to play a key role in shaping evidence-based policymaking worldwide. Why Gita Gopinath is stepping down from IMF? Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), will be stepping down from her role in August 2025 to return to academia at Harvard University, the IMF announced. How qualified is Gita Gopinath? Gopinath, a trailblazer in international economics, will be taking on the role of the inaugural Gregory and Ania Coffey Professor of Economics at Harvard. The IMF's Managing Director Kristalina Georgieva confirmed Gopinath's departure and said a successor will be named 'in due course.' Gopinath first joined the IMF in 2019 as Chief Economist, becoming the first woman to hold the position. Her leadership during a time of extraordinary global economic upheaval, including the COVID-19 pandemic and the resulting macroeconomic disruptions, was widely recognised. (With inputs from agencies)
