South Eastern Coalfields Ltd., a unit of state-run Coal India Ltd., has hired banks for an initial public offering in Mumbai that could raise as much as $800 million, according to people familiar with the matter. The coal producer has appointed ICICI Securities Ltd., SBI Capital Markets Ltd., Motilal Oswal Investment Advisors Pvt. and IDBI Capital Markets & Securities Ltd. to advise on the share sale, the people said, asking not to be identified because the information is private. South Eastern Coalfields aims to file a draft prospectus as early as December, the people said. Parent Coal India is expected to sell shares in the proposed offering, they added. Discussions are ongoing and details including the size and timing of the offering could change, the people said. Representatives for Coal India, South Eastern Coalfields and the banks didn't immediately respond to requests for comment. The potential listing would add to Coal India's efforts to take some of its sub...
Australian batter Steve Smith has now become the player with the second-highest number of centuries for his country. He accomplished this feat in his side's Ashes second Test against England at Lord's. Smith continued with his rich run of form in English territory, scoring his 32nd Test hundred. The former Australia skipper produced a delightful 110 runs off 184 balls, studded with 15 boundaries.
Ponting holds the record for the most Test centuries for Australia, with 41 tons. Steve Waugh also has 32 tons like Smith. Notably, Smith is the fastest player to get to the 32-century mark, doing so in the 174th innings of his 99th Test, as per cricket.com.au. This was Smith's eighth Test hundred in England, the second-most by any foreign player in the country, behind only Sir Donald Bradman's eleven tons. Also, now Smith has 12 tons in the Ashes. Only Bradman, with 19 tons, has more triple figure mark in the Ashes, according to a ESPN Cricinfo report.
Smith has also become the fourth Australian player to etch his name on the honour's board at the Home of Cricket, Lord's. He joined an elite company featuring the likes of Warren Bardsley (1912, 1926), Sir Don Bradman (1930, 1938) and Bill Brown (1934, 1938) to score multiple Test hundreds at Lord's.
Smith now has 12 Ashes hundreds and now he is only second to the legendary Don Bradman, who has scored 19 centuries in the series.
Smith has a lot of history at the Lord's, a ground where he made his Test debut back in 2010. He smashed a mammoth 215 at the venue during the 2015 Ashes. It was here that England pacer Jofra Archer concussed him in 2019, which is one of the most brutal moments of this rivalry's history.
It further adds to Smith's unique history at Lord's, a ground where he made his Test debut against Pakistan in 2010, where he blazed a mammoth 215 during the 2015 Ashes and where Jofra Archer concussed him in 2019 in one of the Ashes' most brutally memorable moments.
After a rare double failure at Birmingham, perhaps Smith gave England a hope that they could avoid the carnage he unleashed back in the 2019 Ashes, in which he smashed 774 runs in four Test matches. But his attacking, but yet careful strokeplay helped him get another hundred.
In his knock, he also surpassed the total of 9,000 Test runs, with only Kumar Sangakkara being faster to reach the milestone in 172 innings.
Coming to the match, England's first innings is in progress.
In their first innings, Australia was bundled out for 416 runs. Smith (110), Travis Head (77 in 73 balls) and David Warner (66 in 88 balls) played standout innings for Australia.
Josh Tongue (3/98) and Ollie Robinson (3/100) took three-fers. Joe Root took two wickets while the veteran pace duo of James Anderson and Stuart Broad managed a wicket each.
from NDTV News- Special https://ift.tt/rN2LYPo
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