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The Adani Group, a leading conglomerate with a focus on infrastructure and renewable energy, reported a significant increase in its earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year 2023. The group’s 12-month trailing EBITDA stood at ₹78,823 crore, marking a 34.4% increase, with its core infrastructure businesses contributing ₹66,208 crore, up 35.4% […]
The startup landscape in Gujarat has seen a remarkable surge, with the number of startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) increasing from 565 in 2019 to 3291 in 2023. This growth has led to a significant increase in direct employment opportunities, with the number of jobs created by […]
Reliance Jio, the telecommunications giant, has been recognized as India’s strongest brand in the ‘Global 500 – 2024’ report published by Brand Finance. This recognition places Jio ahead of established Indian brands such as LIC and SBI. Notably, Jio had also topped the list of India’s strong brands in Brand Finance’s 2023 rankings. Ranked 17th […]
Coca-Cola India and Reliance Retail, India’s largest retailer, have announced the launch of a new sustainability initiative, “Bhool Na Jana, Plastic Bottle Lautana”. The initiative is focused on the collection of post-consumer PET bottles at Reliance Retail stores in Mumbai through Reverse Vending Machines (RVMs) and collection bins. The pilot project, which aligns with the […]
Veteran Indian banker Uday Kotak has presented a comprehensive plan with seven key recommendations to propel India towards achieving a $30 trillion GDP by 2047. In a post on social media platform X, he says, “In the early 80s, the Indian saver had low confidence in financial assets versus gold and land. Slowly, the saver […]
India’s economy continues to surge forward, and with it, the fortunes of its richest individuals. In 2023, Forbes’ India Rich List saw a record-breaking 169 Indians make it onto the global billionaires’ list, highlighting the country’s growing economic clout. Let’s delve into the top 10 wealthiest individuals in India, according to Forbes’ Real-Time Billionaires data […]
Alternative Dispute Resolution (ADR) mechanism is a concept resorted to provide a substitute way to resolve disputes, when the conventional methods of judiciary reaches an impasse. A world famous and robust judicial system such as ours is one of the most established in entire world. Even then, our conventional system at times demonstrates it’s inefficiency […]
The US government has emphasised while concluding that short-seller Hindenburg Research’s allegations of corporate fraud against Adani Group were not relevant before extending self-made billionaire Gautam Adani’s conglomerate as much as $553 million for a container terminal in Sri Lanka, a senior US official said. The Sri Lankan port deal involving Adani is one of […]
New Delhi: In a significant boost to the country’s defence preparedness, the Defence Acquisition Council (DAC) on Thursday accorded approval for a series of capital acquisition proposals worth Rs 2.23 lakh crore. The DAC, headed by Defence Minister Rajnath Singh, approved the procurement of 97 additional Tejas Light Combat Aircraft (LCA) and around 150 Prachand […]
A Look at How Exit Poll Agencies Performed. In 2018, exit polls were conducted for the assembly elections in Madhya Pradesh, Chhattisgarh, Mizoram, and Rajasthan. The results of these exit polls were mixed, with some agencies predicting accurate results and others not. Madhya Pradesh In Madhya Pradesh, exit polls predicted a tough fight between the Bharatiya […]
Mohun Bagan SG management has raised objections to playing this Thursday’s CFL Super Six derby against East Bengal in Naihati, citing congested fixtures and “ineffective scheduling by IFA.” The IFA insists the match is on schedule and East Bengal will get a walkover if Mohun Bagan doesn’t show up. Reasons for Mohun Bagan’s Objection Mohun […]
In a somber moment for the media fraternity of Assam, veteran journalist Anil Baruah, the former editor of Dainik Asom, breathed his last at the age of 84 on Tuesday. The news of his demise sent shockwaves through the journalistic community, marking the end of an era in Assamese journalism. Anil Baruah’s journey came to […]
Shares of all the Adani group firms continue to soar high and attract heavy demand, with Adani Total Gas climbing nearly 20 per cent at the bourse on Tuesday. All the 10 listed group companies traded with sharp gains as shown during the morning trade, defying a general muted trend in the equity market. Shares […]
The Directorate General of Civil Aviation (DGCA) has imposed a fine of Rs. 10 lakh on Air India for the second time due to its failure to adhere to compensation regulations. During inspections carried out at Delhi, Kochi, and Bangalore airports, the DGCA noted Air India’s lack of compliance with the Civil Aviation Requirement (CAR) […]
Elon Musk’s Tesla may have the vision to launch its much-awaited Electric Vehicle (EV) in India but the firm faces a challenge from a Vietnam-based business mogul, Pham Nhat Vuong. A media house, attributing a report by Forbes, claims that Vuong is investing $1.8 billion to set up plants in India, the US and Indonesia […]
Work, money, or peace of mind? These life choices are forever in conflict with one another. In an intensely competitive environment, we are allowed to choose only one. So, when Infosys founder and tech billionaire Narayana Murthy said that Indian youth should increase the number of hours at work, it fanned debate. Seventy-hour workweek at […]
Adani Energy Solutions Limited (AESL) announced on Friday the successful commissioning of a new green evacuation transmission project in Tamil Nadu, marking a significant development for the national transmission infrastructure needed for wind energy evacuation in the Karur-Tiruppur region of Tamil Nadu. This project involves the establishment of a 400/230 kV, 1,000 MVA Karur Pooling […]
Leaders from key G20 nations, including Brazil, the United States, India, and various European countries, have come together to establish the Global Biofuels Alliance. The primary objective of this newly formed alliance is to streamline the process of reducing carbon emissions in the transportation sector. The initiative seeks to boost the incorporation of biofuels into […]
Even one rejection may leave us cracked and crumbling, so imagine the plight of this man whose idea was shot down many times over. He would leave the chambers of venture capitalists with rejection slips pinned on his chest but that didn’t break his resolve. Today, this man from Mumbai, Harsh Jain, is a proud […]
Billionaire Gautam Adani-controlled Adani Group has completed a $3.5 billion funding package to refinance loans taken for last year’s acquisition of ACC Ltd and Ambuja Cement. At least 18 global banks have agreed to join the consortium led by Barclays, Deutsche Bank and Standard Chartered among others, for refinancing the debt that helped fund the […]
