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Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the sale of its Myanmar Port for a total of USD 30 million. The sale, which was initially announced in May 2022, included certain Condition Precedents (CPs) such as the completion of the project and approvals for the smooth conduct of business by the buyer. […]
Sankalp Recreation, the losing bidder in the race to acquire Rajesh Lifespaces’ hotel business in Mumbai, has filed a petition with the National Company Law Tribunal (NCLT) opposing lenders’ decision to hand over the hotel to the Rare ARC-Naman Group consortium. In its petition, the Ahmedabad-based company has alleged that the consortium was given a “back […]
Nexus Select Trust is planning to enter the capital markets on 9 May with a Rs 3,200 crore REIT (Real Estate Investment Trust) IPO at a price band of Rs 95 to 100 per unit. The IPO consists of a fresh issuance of units aggregating up to Rs 1,400 crore and an offer for sale […]
Reliance MET City, Haryana’s integrated smart city with the fastest rate of growth in North India, had a prosperous fiscal year in 2022–23. The city’s horizons were expanded this year with the addition of more than 450 companies, including numerous brands from seven different countries, and more than 2,000 residential lots that were sold for […]
The Reserve Bank of India (RBI) has become one of the top five gold buyers in the March quarter, according to bullion market experts. As central banks look to diversify their reserves amid economic uncertainties, the RBI has increased its gold reserves to just under 800 tonnes. The bank acquired about 10 tonnes of gold […]
Short seller Hindenburg’s report which sent ripples across global markets in January, alleging market manipulation by the Adani Group at the expense of investors’ risk, is currently under SEBI probe. The market regulatory board has sought a six-month extension to follow up, in particular, “12 suspicious transactions for possible violations related to mis-representation of financials, […]
The Bank of India has announced that Rajneesh Karnatak has been appointed as the Managing Director and Chief Executive Officer. Rajneesh Karnatak has more than 29 years of experience. Before being appointed executive director of Union Bank of India on October 21, 2021, he served as chief general manager of Punjab National Bank. He has […]
Ahmedabad, the largest city in the state of Gujarat, is quickly emerging as the next Silicon Valley of the country. With a thriving startup ecosystem, a large pool of skilled talent, and Tech Entrepreneurs, Ahmedabad is rapidly becoming a hub for innovation and technology. Different companies now looking Best IT company in Ahmedabad to take […]
Weekends are usually meant for a light read. Or it’s perhaps time to get to the last chapter of a novel that has consumed you. Or immerse ourselves in badminton, laughter yoga and beach football. But if a US carmaker becomes a talking point on weekends, there must be something deeply intriguing about the story. […]
In connection with an investigation into possible foreign exchange violations, the Enforcement Directorate stated on Saturday that it has searched the Bengaluru office and residential premises of Ed-tech giant BYJU’s CEO Raveendran Byju and seized ‘incriminating’ documents and digital data. The recent raids on three different locations—two business and one residential—took place in accordance with […]
The Raipur entrepreneur, investor and passionate traveller behind “ROLBOL – Rest of Life, Best of Life” shared about his journey as speaker at TEDx AIIMS Raipur and connected deeply with the audience. Every day the world notices the uprise of an individual or a professional coming from different communities, backgrounds, and societies of the world. […]
Mahindra & Mahindra (M&M) is launching a new range of pick-up trucks under the Bolero Maxx brand. Addressing a news conference in Ahmedabad on Tuesday, M&M’s strategy head Rajeev Mehta said the new model comes with an improved engine, wider cabin, enhanced cargo space and several Web enabled features that will allow owners to plan […]
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, […]
Despite massive employee layoffs, Google did not reduce the pay of Sundar Pichai, its CEO. Pichai’s extravagant salary package also included stock awards worth nearly $218 million, according to the most recent filing with the US Securities and Exchange Commission (SEC). Notably, Google recently let rid of close to 12,000 employees as a cost-cutting strategy. […]
Facebook, Instagram, and Whatsapp’s parent company, Meta, paid CEO Mark Zuckerberg about $2.3 million in 2022 for his personal private jet travel. In the company’s 2023 SEC filings, Meta said that Zuckerberg received $27.1 million in so-called “all other compensation” in 2023, which included $14.8 million for what the business said as “costs related to […]
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 […]
Not just their winner-like marketing strategies and consultancy, Joe Mediate, the founder of Atlanta’s top digital marketing consulting company Webociti, says that the company is notable for many other reasons. Read about top Digital Marketing consulting company of USA. There are a number of companies that speak a lot about how well they can help […]
Apple is set to open its first retail stores in India this week, with the first store to be located in Mumbai, followed by a second in Delhi. The move brings the Cupertino-based company closer to one of the world’s youngest populations, as India’s economy is expected to see solid growth with its 1.4 billion […]
Infosys shares on Monday plunged more than 9%, wiping away Rs 59,349.66 crore from the company’s valuation, after it posted a weaker-than-anticipated increase in fourth-quarter net profit and provided a flimsy 4-7% revenue rise projection for FY24. On the BSE, the stock dropped 9.40% to close at Rs 1,258.10. It fell 12.21% during the day […]
The tech industry has transformed the way we live, work, and communicate, and has had a significant impact on many other industries, such as healthcare, finance, and transportation. In India, Tech entrepreneurs are growing the IT sector of the economy that focuses on the software development and distribution of technology-based products and services. The tech […]
