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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 […]
IndiGo, a low-cost carrier, safely transported a live organ – a heart, from Vadodara to Mumbai in less than 2.5 hours last week, saving a life. Team IndiGo successfully transported a live heart from a Vadodara operating theatre to Global Hospitals in Mumbai in two hours and twenty-two minutes, which is well-within the three-hour time […]
On Monday, the Indian rupee sank to a new all-time low of 78.15 against the US dollar. In the midst of a toxic mix of rising expenses and slowing growth, the dollar strengthened on lower demand. Last week, the dollar index gained after consumer price inflation in the United States soared to new 40-year highs, […]
Cards from all banks saw a surge in growth, with the numbers given as follows – Kotak Mahindra Bank – (48.5%) Axis Bank- (+28.6%), RBL Bank-(+24.9%), International Investment Bank (24.2%). Two banks namely American Express and CITI saw a decline of 11% and 3% respectively. ICICI Bank and Axis Bank also reported an increase in […]
On the field, Gujarat Titans surprised everyone and finished as the best team in this year’s Indian Premier League. Now that the stage is set for the IPL media rights e-auction – linear and digital – on Sunday, it will be interesting to see if a newcomer rules the roost. The auction pool has ten […]
Adani Power announced on Tuesday that it had entered share purchase agreements with two infrastructure development businesses, Support Properties (SPPL) and Eternus Real Estate, to acquire 100 percent equity shares in each (EREPL). SPPL will be bought for a total cash consideration of Rs 280.10 crore, while EREPL will be acquired for an aggregate equity […]
Billionaire Gautam Adani’s spectacular journey to become the world’s ninth wealthiest person began in the 1990s with a port on India’s west coast and a long connection with a politician who is now the prime minister. The rest has been spent trying to identify the next industry that will help him expand his empire. His […]
According to media reports, billionaire Gautam Adani and Apollo Hospitals Enterprise Ltd, India’s largest hospital operator, are evaluating bids to acquire a majority stake in Metropolis Healthcare Ltd. Given the market capitalisation of the diagnostic chain and its operations, Adani and Apollo’s deal with Metropolis could be worth at least $1 billion or Rs 7,765 […]
