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The Enforcement Directorate (ED) seized Rs 5551.27 crore from telecom firm Xiaomi India’s bank accounts on Saturday under the provisions of the Foreign Exchange Management Act, 1999, in connection with the company’s illegal outward remittances, the probe agency said in a press release. The ED launched an investigation in February this year into alleged illegal […]
Mukesh Ambani is ready to launch an IPO (initial public offering) for Reliance Retail and Reliance Jio. According to a report, the Reliance Industries Limited Chairman, Mukesh Ambani, might announce important leads soon at the company’s annual general meeting. Reliance has become the behemoth of the telecom industry after the launch of Jio. India’s Biggest […]
While India’s real GDP in FY22 is estimated to be close to Rs 150 lakh crore, Reserve Bank of India’s (RBI) report on currency and finance for FY22 has estimated that the time to recover from the hit taken by the Indian economy due to covid pandemic would be around 15 years. The report has […]
On Friday, 29th April 2022, an enormous vehicle rally was organized on the occasion of the 545th Jagadguru Shrimad Vallabhacharyaji Mahaprabhuji Utsav at Vadodara in Gujarat. Vrajarajkumar Mahoday was the chairman of the rally. Jagat Prakash Nadda, the national President of BJP, was also present during the occasion celebration and was honored as the inaugural […]
Can I Avail EMI Offers Without a Credit Card?
Gautam Adani and Mukesh Ambani, Asia’s two wealthiest men, are doubling down on India’s media business, escalating competition in a market where Netflix Inc. and Amazon.com Inc. are eyeing over a billion users as battle for digital hots up. In a capital round led by James Murdoch-backed Bodhi Tree Systems, Ambani’s local joint venture with […]
Adani Group’s Sardar Vallabhbhai Patel International Airport has been accredited on the “’ACI Director General’s Roll of Excellence” by the Airports Council International (ACI). In particular, it has been lauded “the best airport for a better experience to passengers.” It may be mentioned here that in 2021, the airport underwent a massive overhaul in terms […]
Adani Enterprises Ltd has joined the media sector with the formation of AMG Media Networks Ltd, a wholly owned subsidiary. The new company would “carry on the business of media-related activities, including as publishing, advertising, broadcasting, and distributing information across various forms of media networks,” according to the press release. AMG Media Networks has three […]
Reliance Industries (RIL) and Lupa Systems, led by media veterans Uday Shankar and James Murdoch, have launched a new alliance for investment in sports and entertainment programming, four months after the two began investigating opportunities. Bodhi Tree Systems, a platform supported by Lupa Systems and Shankar, announced on Wednesday that it would invest Rs 13,500 […]
Air India, which is owned by Tata group, aims to buy low-cost carrier AirAsia India and has applied to the Competition Commission for clearance. Tata Sons Private Ltd owns 83.67 percent of AirAsia India, while AirAsia Investment Ltd (AAIL), a subsidiary of Malaysia’s AirAsia Group, owns the rest. Last year, Talace Private Limited, a wholly-owned […]
Business tycoon Mukesh Ambani has invested one billion dollars in the making of a luxury mall with utmost comfort and delicate intricacies. It means that the western luxury goods in the mall would have to undergo a check through the Reliance empire. According to an estimation given by Euromonitor, India’s luxury market will double in […]
If the buzz is anything to go by, Intas Pharmaceuticals might acquire a new investor, one who rather holds quite a lot of power. The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi and is likely to grab at least 3% stake in the Indian drug […]
Life Insurance Corporation of India (LIC) is expected to open on May 4 for IPO application. The offer will be open until May 9 to subscribe. Here are 9 things you need to know if you want to invest in LIC’s IPO: LIC IPO will be the largest IPO in the history of the Indian […]
Elon Musk has done it. A hostile takeover of Twitter. Musk has bought the micro-blogging site for $44 billion. And, yes. He’s now planning to change things. Twitter has about 200 million users across the world – though it’s still far behind Zuckerberg’s Meta, with 3.6 billion users across Facebook, Instagram and WhatsApp. Here are […]
On Tuesday, Reliance Industries announced that it had signed a shareholder agreement with Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) for a $2 billion investment in the TA’ZIZ EDC & PVC project. The oil-to-chemicals conglomerate is a strategic partner in TA’ZIZ EDC & PVC, a chemicals development at the TA’ZIZ Industrial Chemicals Zone in […]
Glenmark Pharmaceuticals has announced their newest fixed-dose combination (FDC) Zita Plus Pio, which will help patients with uncontrolled Type 2 diabetes. The FDC, containing Teneligliptin, with Pioglitazone, is a first-of-its-kind dose and help reduce insulin resistance by having better control over glycemic index among adults. Glenmark has claimed that it is the first company to have […]
Adani Power became the sixth Adani Group company to reach a market capitalisation of Rs 1 trillion on Monday. The increase in market capitalization came after the stock reached a 5-percentage-point high on Monday. The large cap stock has risen 5% to Rs 272.15, from a previous close of Rs 259.20 on the BSE. The […]
Billionaire Business tycoon Gautam Adani has surpassed Berkshire Hathaway Chairman and CEO Warren Buffet to become the fifth richest person in the world. Adani achieved this feat on friday as at the time of the market closing his net worth was $123.7 billion, $ 2 billion more than Warren Buffet whose net worth stood at […]
As a whole, India enjoys a prominent position in the global pharmaceutical market, currently ranking 3rd in terms of production volume and 14th in value. Country is the largest exporter of generic drugs and providing over 50% of global demand for various vaccines. This sector is expected to grow at a rate of more than 11% annually. […]
Gujarat’s textile industry is one of the most robust among the country, especially the spinning sector as demand for cotton yarn and fabrics is set to grow immensely. The state has been leading producers of cotton since 2012, but it fell short on its spinning capacity. However, by 2017, new mills were being added and […]
