Adani Group Explores Investment In Sri Lanka’s Renewable Energy Sector

October 26, 2021 9:35 pm

The Adani group recently sealed the deal with Sri Lanka to develop and run the strategic Colombo Port’s Wester Container Terminal. A senior official from the state-owned Ceylon Electricity Board (CEB) informed that they are also exploring the possibility of investing in the island nation’s energy and wind sector. The comments of the deal came […]

Mercedes-Benz Implements ‘Direct- To- Customer’ Business Model

October 26, 2021 3:12 pm

Luxury carmaker Mercedes-Benz implemented its customer-centric ‘Retail of the Future’ (ROTF) ‘direct- to- customers’ business model and said it will all stakeholders. Company has invested Rs 60 crore to make it operational In this new format Mercedes-Benz India will retain the ownership of the entire stock of cars and retail them via appointed ‘franchise partners’ […]

RIL Net Profit Rises By 11.4% In June-Sept Quarter

October 26, 2021 3:13 pm

Reliance Industries Ltd (RIL) has reported a net profit at Rs 13, 680 crore, July-Sept quarter FY22, a rise of 11.4 per cent compared with the previous quarter, where net profit stood at Rs 12,273 crore. EBITDA for the second quarter of FY22 stood at Rs 26,020 crore compared to Rs 23,368 in the first quarter. In the July-September […]

Reliance Brands Ltd Becomes First External Investor Of Manish Malhotra’s Brand

October 18, 2021 11:54 am

Manish Malhotra luxury retail footprint that extends stores across Mumbai, Hyderabad and New Delhi, gets its first external investor – Reliance Brands Limited (RBL) for a 40 percent stake. Reliance was also in talks to acquire Ritu Kumar’s brand but has now signed a definitive agreement to invest in the brand that had been so […]

How Nepal’s ‘substandard’ Tea Prompts Fear Amongst Darjeeling’s Tea Growers

October 15, 2021 2:55 pm

With an increase in the inflow and availability of tea from Nepal, the prices of Darjeeling tea have fallen by 20-25 percent within a span of one year. Tea plantations in Darjeeling might have to be shut down as ‘substandard’ tea from Nepal continues to flood Indian markets which will likely affect thousands of people […]

Despite Enmities at Border, India- China Trade set to cross $100 billion in 2021

October 14, 2021 3:43 pm

Despite not so cordial relations between two Asian giants due to military standoff in eastern Ladakh, bilateral trade volumes between India and China continues to scale new height. After already having touched USD 90 billion in the first nine months, it is set to cross the record figure of USD 100 billion this year. While […]

RNESL Signs Agreement With Denmark’s Stiesdal On Green Hydrogen Technology Development

October 13, 2021 7:23 pm

Reliance New Energy Solar Ltd. (RNESL) – a wholly-owned subsidiary of Reliance Industries Ltd. (RIL) has signed an agreement with Denmark-based Stiesdal (Stiesdal) to manufacture hydrogen electrolyzers. Stiesdal is a Danish company that is engaged in developing and commercialising technologies on climate change mitigation.  RNESL has been awarded the license for this through a “cooperation agreement”, […]

World Economic Outlook Report Predicts 8.5% Growth Of Indian Economy Next Fiscal

October 16, 2021 12:03 pm

IMF World Economic Outlook report for the quarter ending September 2021 has estimated the Indian economy to grow at 8.5 percent next financial year 2021-22. This bolsters the general opinion about robustness of the economy, which is coming out of the recession created by the Covid-19 epidemic. IMF has suggested no change in the estimated […]

100 Female Beauticians At Urban Company Protest For Pay-Raise

October 12, 2021 6:38 pm

More than 100 female beauticians from Urban Company hit the street protesting against the pay scale, working conditions, and absence of insurance. This incident has come to a blow in the face of Urban Company, Which has been riding on an ego trip dependent on these elements for some time now.Urban Company was among the […]

States Asked To Utilise Unallocated CGS Power To Meet Power Requirement Of Their Own Consumers

October 12, 2021 2:54 pm

Ministry of Power has noticed some states failing to supply power to their consumers and imposing load shedding. Moreover, they are selling power in the power exchange at a high price. According to the guidelines for allocation of power, 15% of power from the Central Generating Stations (CGS) are kept under “unallocated power” which is […]

Tata Wins Air India Bid: Return of The Prodigal Son After 68 Years

October 8, 2021 5:15 pm

More than half a century after India’s biggest conglomerate surrendered control to the state, ending the government’s hold over an airline – Tata Sons Pvt Ltd is all set to take over Air India Ltd, again. The central government has officially announced that Tata sons acquires 100 percent shareholding of Air India. This comes a […]

Pandora Papers: Sterling Biotech Director Nitin Sandesara Incorporated 6 Offshore Firms To Expand Oil Trade

October 8, 2021 2:23 pm

While the investigation agencies were busy probing criminal cases against Sterling Biotech Director Nitin Sandesara and his group in 2017, Sandesara was busy collecting character certificates from Nigerian banks so to expand his oil business in the British Virgin Island. In a reference letter to Fidelity Corporate Service Ltd, the Union Bank of Nigeria Plc […]

CBDT Issues Refunds Of Over Rs 82,229 Cr To More Than 53.54 Lakh Taxpayers

October 6, 2021 7:11 pm

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 82,229 crores to more than 53.54 lakh taxpayers from April 1, 2021, to October 4, 2021. Income tax refunds of Rs 20,510 crores have been issued in 51,88,762 cases Corporate tax refunds of Rs 61,719 crore have been issued in 1,65,397 cases […]

Is Rs 2 Crore Compensation For A Botched Haircut Excessive?

October 3, 2021 10:11 am

In awarding model Aashna Roy damages of Rs 2 crore for a botched hair cut at the ITC Maurya hotel in Delhi, the National Consumer Disputes Redressal Commission (NCDRC) has created a history of sorts. Foreign networks have picked up on the news, with headlines like “Indian salon must pay more than 230,000 euros for […]

Gift-City Plans To Play Pied Piper To Global Investors At Dubai Expo

October 3, 2021 12:41 pm

Gift City, Gandhinagar has decided to market itself internationally, inching towards its stated raison d’etre. Deciding to participate with vigour at EXPO 2020 in Dubai, it has planned two dedicated panel discussions on investment opportunities. The Gift City MD Tapan Ray will deliver a keynote address. Global investors from Southeast Asia, Middle East, Europe, and […]

Honda Cars India posts loss third time in five years

October 1, 2021 2:43 pm

All is not well for the foreign auto makers who set the shop in India. After the news of Ford deciding to leave the country, Honda’s news of having incurred loss is another shock. As per the returns filed with on the Ministry of Corporate affaires, Honda Car India has posted net loss of Rs. […]

Return Of The Prodigal Son: Tata Sons Win Bid For Air India

October 1, 2021 1:44 pm

More than half a century after India’s biggest conglomerate surrendered control to the state, ending the government’s hold over an airline – Tata Sons Pvt Ltd is all set to take over Air India Ltd, again. The proposal has been accepted by a panel of ministers from bureaucrats who recommended the bid ahead of an […]

Gujarat’s equity mutual funds assets surge by Rs 7,763 crore

September 24, 2021 2:16 pm

Systematic Investment Plan pan India touched an unprecedented level of Rs. 10,000 crores and the trend is still bullish. With several new investors joining for SIPs and the present investors continuing, Gujarat’s equity mutual funds also continue to swell in line with India. The rally in the stock market has also helped fuel asset growth. […]

Sovereign Gold Bond. All that glitters is gold indeed

September 24, 2021 9:44 am

The Sovereign Gold Bond, launched by the Government of India first in 2015 provides the investors an option to exit after five years, 2 to 3 years – depending upon the series- earlier than the investment comes to its term. The 2015 and 2016 series have now come up for redemption. However, as per RBI […]

Iphone 13 s to hit market this week with carbon footprint as new feature

September 24, 2021 9:27 am

Apple customers are very excited about the features of the new iPhone 13s which is going to hit the market on Friday this week. The iPhone is always innovating in technology to give its customers something new and this time the new iPhone 13s includes a carbon footprint. Updated features in the new iPhone 13s […]