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The Reliance Jio board of directors approved the appointment of non-executive director Akash Ambani as chairman of the company’s board on Tuesday, according to a statement from the company. Mukesh Ambani, the chairman of Reliance Industries and Akash Ambani’s father, resigned as a director of the telecom giant on June 27. The announcement comes just […]
As monsoon arrives, distress shadows around Assam. On 27th June, eight more people died in the ruinous Assam floods. Additionally, 21 lakh people were affected and distressed because of the flash flood. Around eight deaths occurred during the day, including five from the Cachar district and one from Kamrup Metro, Morigaon, and Nagaon. They added, […]
Adani Group yesterday said that it had successfully achieved financial closure for Phase-1 of the Kutch Copper Limited (KCL) project, by raising the entire debt of Rs6071 Crores through a consortium of banks led by State Bank of India. The other consortium members are Bank of Baroda, Canara Bank, EXIM Bank of India, Indian Bank, […]
Zomato acquired Blinkit, an online commerce company, previously known as Grofers on Friday. Before the acquisition, Zomato had a 9% stake in the startup.The acquisition which was awaiting this day for months,was finally approved for Rs 4,447 crore. The online food delivery company, Zomato will acquire around 33,018 equity shares of Blink Commerce Pvt Ltd […]
With 11,739 new coronavirus infections reported Saturday, India’s active caseload rose to 92,576, according to the Union Health Ministry data updated Sunday 8 am. In cumulative effect, the country’s tally of Covid-19 cases now stands at 4,33,89,973. Twenty-five new fatalities took the death toll to 5,24,999, noted the data. The 25 new fatalities include 10 […]
Cooperation Minister Amit Shah yesterday said that cooperative banks should adopt modern technology and transparent banking methods to stay in the competition. He said that the role of these banks in India is immense as they can give loans to the smallest section of society for its upliftment. However, currently, the contribution of urban cooperative […]
Sonia Gandhi, the acting head of the Congress, asked on Wednesday to have her appearance before the Enforcement Directorate (ED) postponed “by a few weeks” until she had fully recovered from a lung illness and the COVID-19 virus. Sources claim that ED has granted her written plea for postponement of the summons in the National […]
CBI has booked Kapil Wadhawan and Dheeraj Wadhawan of Dewan Housing Finance Corporation Ltd (DHFL) in a fresh case for alleged fraud worth Rs34,615 crore that involves 17 banks led by the Union Bank of India. The value of the scam makes this case the biggest that the agency has probed. The CBI has accused […]
Nexus Malls announced their partnership with Jio-BP, a fuel and mobility joint venture between BP and Reliance Industries Limited (RIL), for the deployment of cutting-edge EV charging stations and battery swapping stations across their portfolio of 17 malls in 13 cities. In addition to building and launching two of India’s largest EV charging hubs last […]
Coal India, earlier this month, invited bids for three e-tenders in order to import coal. Now, at least 11 coal importers have expressed interest in bidding for these tenders. This includes a short-term indent-based international competitive bid for 2.416 million tonnes (MTs) of coal and two more medium-term tenders for sourcing 3 MT each. The […]
Network intelligence and connectivity insights provider Ookla recently said that in May 2022, India jumped three places to stand at 115 in Speedtest Global Index rankings for mobile internet. As for fixed broadband, India ranked 75 as compared to 76 in April. India recorded 14.28 Mbps median mobile download speeds in the month, up from […]
On Saturday, the CII’s Indian Women Network (IWN) Gujarat launched its Western Gujarat Chapter in Rajkot. The event was attended by Mayor Pradeep Dav, Deputy Mayor Dr. Darshitaben Shah, Commissioner Rajkot Amit Arora, DDO Shri, Dev Chaudhari, and Ex-Mayor Binaben Acharya. The network was founded in 2013 and now has over 800 members spread across […]
The entry of the Adani Group has fundamentally changed the structure of the cement sector. Building material companies were faced with enormous debt on their balance sheets following the global financial crisis. Their subsidiaries, including those in India, had only one goal: to pay out big dividends that the parent corporations could use to pay […]
Sustainalytics has classified Adani Transmission Limited’s (ATL) USD 700 million revolving facility as a green loan. ATL is India’s largest private sector power transmission and distribution company. This tag by Sustainalytics provides security for the revolving facility’s green loan framework. This is major as it is first of its kind certification of green loan in […]
The Dholera International Airport project in Gujarat was authorised by the Cabinet Committee on Economic Affairs (CCEA) on Tuesday. The Airports Authority of India and the Gujarat government would jointly own the airport, which will be connected by highways, fast transit systems, and trains. Anurag Thakur, Minister of Information and Broadcasting, stated. The first phase […]
Billionaire Mukesh Ambani led Viacom18 emerged as the winner of the online streaming rights of the Super Bowl of Cricket on Monday. He is looking for his next fortune in a $1 billion content-streaming business. Actually, the proceeds from the digital rights to the Indian Premier League cricket, which billionaire Mukesh Ambani’s Viacom18 snatched from […]
Dr. Pankaj R. Patel, Chairman of Zydus Lifesciences, has been appointed as a part-time non-official director on the Reserve Bank of India’s (RBl) Central Board, the firm reported in an index filing on June 14. The Cabinet Appointments Committee (ACC) has approved the appointment request for a four-year term. “The Cabinet Appointments Committee (ACC) accepted […]
Billionaire Gautam led Adani Group, and TotalEnergies, France’s energy supermajor, have formed a new cooperation to build the world’s largest green hydrogen ecosystem. TotalEnergies will buy a 25% minority stake in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd as part of this strategic cooperation (AEL). ANIL plans to invest more than USD 50 […]
LIC’s slogan Yogakshemam Vahamyaha is in Sanskrit language which translates in English as “your welfare is our responsibility” but the IPO of LIC has proved to be completely opposite of it as Life Insurance Corp of India became one of the largest wealth destroyers among Asia’s IPOs (initial public offerings) this year, with a market […]
Presidential elections are little more than a month away and it seems that the opposition has picked the candidate it would support. In the past week or so, leaders from Congress and other parties have been seen holding a series of meetings with former Union Minister Sharad Pawar. These meetings have led to the speculation […]
