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...
Bill Gates, the co-founder of Microsoft and a philanthropist, is currently on a visit to India, and his various excursions have created considerable attention and discussion on the internet.
In a recently shared video on social media, Bill Gates was captured relishing a cup of chai from a renowned tea stall in India. The footage shows Mr Gates engaging with Dolly Chaiwalla, a celebrated tea vendor and a familiar presence on social media, while enjoying a cup of chai prepared by him.
Watch the video here:
The video opens with Mr Gates placing an order for "one chai" with Chaiwalla. Chaiwalla then prepares the tea in his signature style, using a special cart. The final shot shows Gates enjoying the piping hot tea from a glass.
The video concludes with Mr Gates taking a sip of the hot beverage from a glass and posing for a photo with Dolly Chaiwalla, accompanied by the text "Looking forward to many chai pe charcha," which translates to "looking forward to many conversations over chai." This suggests Gates may be looking forward to further interactions and discussions during his visit to India.
The video has garnered significant attention online, with many surprised and delighted to see Mr Gates embracing the local culture and enjoying a cup of chai from a popular street vendor.
The video has garnered approximately 4 million views on social media, accompanied by nearly 300,000 likes on Instagram.
from NDTV News- Special https://ift.tt/LoU0fzP
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