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Abu Dhabi National Energy Co. PJSC (TAQA) is likely to invest around $2.5 bn in the power businesses of Gautam Adani. Listed on the Abu Dhabi Securities Exchange (ADX), TAQA is an international energy and water company operating in 11 countries across four continents. TAQA, the second largest stock on ADX, is reportedly interested to […]
Adani Power’s share price exhibited a robust surge of over 3% on Thursday early trading. It must be noted that US-based investment firm GQG Partners has successfully acquired an 8.1% stake in the company, amounting to a substantial investment of $1.1 billion. Adani Power shares reaching ₹288.25 per share on the Bombay Stock Exchange (BSE). […]
In an interview with Karan Thapar, former RBI governor general Raghuram Rajan points out flaws in the Union government’s claim that India has become a mobile phone exporter after the Production Linked Incentive (PLI) scheme was introduced. Apart from questioning the numbers about net exports, Rajan also asks if the government’s assumption that low-skill manufacturing […]
In what is deemed as another dent to the embattled Adani Group, the organisation has had to part ways with its auditor for the last six years. Deloitte, Adani Ports’ auditor and one of the world’s leading audit, consulting, financial advisory and risk management firms, has resigned from the group, amid concerns over certain transactions, […]
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 […]
Enthusiasm for the commencement of the Surat Diamond Bourse is palpable. The committee of the Diamond Bourse extended an invitation to Prime Minister Narendra Modi, to attend the inauguration ceremony in December. Chief of Gujarat BJP and Member of Parliament, CR Patil, along with diamond traders, also held a meeting with the PM at the […]
Health is a major concern for urban Indians these days. With several pre-mature deaths and growing health issues among young Indians in recent times, people are trying hard to keep their vital statistics right. One such example of transformation is that of Zomato CEO Deepinder Goyal. He took to Instagram to give people a glance […]
Brookfield Asset Management, a leading global alternative asset manager, has signed a Memorandum of Understanding (MoU) with Reliance Industries, a Fortune 500 company and India’s largest private sector enterprise, to manufacture renewable energy and decarbonisation equipment in Australia. The MoU aims to both accelerate and de-risk Australia’s energy transition by enabling it to locally produce […]
Business conglomerate Torrent Group has crossed Rs 1 lakh crore market capitalisation, with Torrent Pharmaceuticals and Torrent Power shares settling for Rs 2,010 and Rs 678.20 respectively at the National Stock Exchange (NSE) in intra-day trading on Monday. Torrent’s pharma wing now has a market capitalisation of over Rs 68,000 crore, while Torrent Power sits […]
After announcing that it will acquire 100 per cent shares of Suzuki Motor Gujarat (SMG), Maruti Suzuki India Limited (MSIL) said this move would pave the way for the company to make electric vehicles rather than Suzuki doing it. Earlier it was planned that SMG will make the e-vehicles. MSIL, on Monday, said it was […]
Credit Information Report (CIR), commonly known as Credit Report is a detailed report of your past credit behaviour. It summarizes the present and past repayment performance of an individual. It displays the complete analysis of your credit health and capacity to borrow. Credit score is one of the most important components of CIR that ranges […]
In its first foray into the data centre space, Reliance Industries Limited (RIL), on Monday, signed an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centres in India. RIL will hold a 33.33 per cent stake in each of the Indian SPVs and become an […]
As an engineering student in BITS Pilani, I was fascinated to watch statistics in action when our test scores were graded. The professors would pin the graph up on the notice board and the logic behind the grades was always transparently clear. The grading system in engineering schools is based on the principle that the […]
The Gujarat State Board for Wildlife (SBWL) in Gujarat was formed after 15 months and now consists of 27 eminent members headed by Gujarat’s honorable CM. Several positive changes have taken place across industries around the world, which have garnered massive public attention and have made more headlines. It is thus imperative to learn more […]
The fraud row hasn’t dimmed Gautam Adani’s expansion plans as he announced a green power unit that will construct the largest ever wind-solar hybrid in Gujarat. The massive hybrid renewable energy project will have a capacity of 20 gigawatts, roughly equal to the total installed electricity capacity of Portugal. According to a report, the wind […]
The myth of vibrant Gujarat, or the assertion that it’s India’s No.1 state in economic progress, has been debunked. According to the latest figures revealed by Niti Ayog, Gujarat is no more India’s main export hub. That position belongs to Tamil Nadu. The Export Preparedness Index (EPI) for 2022 ranks Tamil Nadu as the No. […]
The falling through of the Vedanta-Foxconn semi-conductor venture isn’t the first instance of the Indian firm made to exit a big project. We may recall that many years ago, the Church of England sold its £3.8m stake in Vedanta Resources over concerns about its human rights record. Although the recent split with Foxconn is deemed […]
The joint venture between Foxconn and Vedanta was meant to add more heft to India’s growth story. According to the $19.5 billion joint venture, the two firms were set to jointly invest in a semiconductor fabrication plant in Gujarat, which would manufacture 28-nanometre semiconductors. For the unversed, semiconductors are critical components for consumer electronics. The […]
Another leading ice cream brand from Ahmedabad seems set to be acquired by a foreign company, with the news breaking that Bain Capital is in talks with Vadilal for the takeover of Vadilal Industries and Vadilal Enterprises. Five years ago, the Ahmedabad based Havmor ice cream brand was taken over by Lotte Confectionary of South […]
This week’s news headline ‘Student Dies by Suicide at Adani Medical College in Bhuj’ would not have gone down well with the Adani group. Under normal circumstances, a suicide should not damage the name of a college, but these are exceptional times for the Adani Group. Ever since the Hindenburg Report, the brand has been […]
