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This risk-taker is threat to Musk’s India EV plans

November 13, 2023 15:58

Elon Musk’s Tesla may have the vision to launch its much-awaited Electric Vehicle (EV) in India but the firm faces a challenge from a Vietnam-based business mogul, Pham Nhat Vuong. A media house, attributing a report by Forbes, claims that Vuong is investing $1.8 billion to set up plants in India, the US and Indonesia […]

No country mandates 70-hour workweek: ILO study

November 7, 2023 19:19

Work, money, or peace of mind? These life choices are forever in conflict with one another. In an intensely competitive environment, we are allowed to choose only one. So, when Infosys founder and tech billionaire Narayana Murthy said that Indian youth should increase the number of hours at work, it fanned debate. Seventy-hour workweek at […]

Adani Energy Solutions Commissions Green Transmission Project in Tamil Nadu

October 28, 2023 19:37

Adani Energy Solutions Limited (AESL) announced on Friday the successful commissioning of a new green evacuation transmission project in Tamil Nadu, marking a significant development for the national transmission infrastructure needed for wind energy evacuation in the Karur-Tiruppur region of Tamil Nadu. This project involves the establishment of a 400/230 kV, 1,000 MVA Karur Pooling […]

MAHLE and G20 Nations Spearhead Sustainable Transport Solutions through Biofuels

October 28, 2023 14:23

Leaders from key G20 nations, including Brazil, the United States, India, and various European countries, have come together to establish the Global Biofuels Alliance. The primary objective of this newly formed alliance is to streamline the process of reducing carbon emissions in the transportation sector. The initiative seeks to boost the incorporation of biofuels into […]

Dream11 Story: From Rejections To Building A Rs 64 Cr Business Empire

October 27, 2023 19:46

Even one rejection may leave us cracked and crumbling, so imagine the plight of this man whose idea was shot down many times over. He would leave the chambers of venture capitalists with rejection slips pinned on his chest but that didn’t break his resolve. Today, this man from Mumbai, Harsh Jain, is a proud […]

Adani Group Seals $3.5 bn Loan Refinancing Deal

October 21, 2023 11:53

Billionaire Gautam Adani-controlled Adani Group has completed a $3.5 billion funding package to refinance loans taken for last year’s acquisition of ACC Ltd and Ambuja Cement. At least 18 global banks have agreed to join the consortium led by Barclays, Deutsche Bank and Standard Chartered among others, for refinancing the debt that helped fund the […]

Nokia’s Response To Drop In Sales: Cut 14,000 Jobs

October 19, 2023 20:27

The phrase ‘India growth story’ doesn’t quite sit well with the alarming rates of job cuts in recent times. This month, a national daily revealed that 23 techies, on average, lose their jobs every hour.  Recent data from a tech-focussed hiring firm TopHire indicated that approximately 100,000 employees have been given the pink slip in […]

Birla Group’s Orient Cement Shares Surge Following Reports Of Stake Sale To Adani 

October 18, 2023 18:29

Shares of Orient Cement climbed 8 per cent on Wednesday amid a media report suggesting promoter CK Birla has approached Gautam Adani to sell his stake in the listed cement company. It suggested that the industrialist had rejected initial offers from peers for failing to meet his valuation demand. As per the report, the senior […]

IT Industry Downturn Sees Major Companies Going For Mass Layoffs  

October 13, 2023 16:49

With the golden run of the Indian IT industry long been over, layoffs have become the new normal.  India’s top three IT companies have seen more than 25,000 net employee exits in the six months to September, driven by cost-saving measures, unfilled job openings, and hiring curbs. Companies and recruiters expect the labour market to […]

Sri Lankan Dairy Sector To Be Boosted By Indian Firms

October 11, 2023 16:27

The beleaguered dairy sector of Sri Lanka has got a shot in the arm with Indian firms drawing up the revival path for the country, which imports 60% of its milk and milk products requirement. It is to be noted that the island nation is facing its worst-ever economic crisis and much of its industrial […]

IOC And Reliance Foundation Collabs To Promote Olympic Values In India

October 9, 2023 20:54

The International Olympic Committee (IOC) and the Olympic Museum have joined hands with the Reliance Foundation to build on the success of the Olympic Values Education Programme (OVEP) and foster the promotion of Olympic values through sports among the youth. The partnership was formalized during a visit to the Reliance Foundation Young Champs (RFYC) football […]

Reliance Naval Resolution: NCLT Asks Swan Energy to Pay Up 

October 9, 2023 14:26

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Swan Energy to make a payment of Rs 250 crore as part of the resolution plan for the bankrupt Reliance Naval and Engineering Limited (RNEL). Led by Nikhil Merchant, who is managing director of the company, Swan Energy had bid successfully for RNEL […]

Ambuja Cements Incorporates Fully Owned Subsidiaries

September 23, 2023 17:29

Ambuja Cements has incorporated three fully owned subsidiaries — LOTIS IFSC Private Limited, Ambuja Concrete North Private Limited and Ambuja Concrete West Private Limited, the company informed the Indian stock market bourses. Ambuja Cements, an Adani group company, said in its declaration, “Pursuant to Regulation 30 of the Listing Regulations read with Part A of […]

Foxconn Explores Partnership Options For Semiconductor Plant in India

September 8, 2023 18:20

India’s semiconductor dream sees another leap as Taiwanese tech giant Foxconn Technology Group is reported to be exploring a partnership with STMicroelectronics NV to build a semiconductor factory in India. Reports say Foxconn and Franco-Italian STMicro are applying for PLI incentives for a 40-nanometer chip plant. The government has asked Foxconn for more details about […]

Adani Electricity Mumbai Invests Rs 2,000 Crore To Bolster Green Energy Infrastructure

August 21, 2023 13:42

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd is set to capture the spotlight as market watchers eagerly await the unfolding of the company’s groundbreaking initiatives. The anticipation arises from an official announcement made by a senior representative from its wholly-owned subsidiary, Adani Electricity Mumbai. The subsidiary revealed plans to infuse more than […]

Govt Clampdown On Computer Imports, Bid To Boost Local Manufacturing

August 4, 2023 12:05

In an apparent move to stem Chinese hegemony in the electronics sector, the Centre has ‘restricted’ imports of personal computers, laptops, palmtops, automatic data processing machines, microcomputer/ processors and large/ mainframe computers with immediate effect. In a notification, the Directorate General of Foreign Trade (DGFT) said imports of computers and other items under the seven […]

How Murthy Rejected Plum Jobs To Create Infosys

June 12, 2023 17:48

You need a job and the offers that come to you are from Air India, TELCO and TISCO. You would pinch yourself. Is it real? But one man rejected all these offers. Instead, he decided to work at the Indian Institute of Management (IIM) Ahmedabad as a chief system programmer. Reason? His quest for learning. […]

BBC Tells Income Tax Dept: May Have Under-Reported India’s Income

June 8, 2023 10:51

The British broadcaster BBC has informed the income-tax department that it would like to modify some of its prior income that may have been underreported during the required filing of returns for its activities in India. The development takes place in the wake of the tax department’s three-day survey of the organisation’s Delhi offices in […]

Adani Group Confident Of 20% Rise In Earnings

April 24, 2023 14:23

Be it a move to calm political spotlight on its business acquisitions or a step towards winning back investor trust, but the Adani Group has now announced “that it will not take on additional debt until it lowers the existing one.” Added, the conglomerate is expected to report a 20% rise in earnings before interest, […]

Foreign Trip Booking: Credit Card Users May Soon Have To Pay 20% TCS On Forex Transactions

April 21, 2023 18:14

Foreign travel packages will be more expensive to book beginning July 1, 2023. The tax collected at source (TCS) rate for overseas remittances under the Liberalised Remittance Scheme (LRS) has been increased from 5 per cent to 20 per cent in Budget 2023.  As a result, TCS on remittances for booking overseas travel packages will […]