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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 […]
This seems to be a Black Monday for crypto. Market watchers woke up to a crypto all time low this year. The global market cap shrunk to $1.02 trillion from $1.10 trillion recorded June 12. The immediate trigger for the crypto crash appears to be a massive sell-off by investors amid heightened inflation fears. The […]
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, […]
3 Benefits Of Term Insurance With Return Of Premium
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 […]
Apollo Global Management Inc. and Reliance Industries Ltd together have made a binding offer to acquire American company, Walgreens Boots Alliance Inc.’s Boots pharmacies unit and are said to be leading in the race. According to the sources, the bid from consortium of Apollo and Reliance has a complete financial backing. The bidding process has […]
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 […]
Gujarat and other states will not receive compensation from the Centre to balance shielded GST revenue from next month, as the goods and services tax (GST) regime approaches its fifth year. Gujarat has pending tax dues of Rs 60,000 crore, according to the state commercial tax department, at a time when the state’s average growth […]
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 […]
In the June MPC meeting, the Reserve Bank of India (RBI) raised the policy repo rate by 0.5 percent, or 50 basis points. Previously, the first meeting of the Monetary Policy Committee (MPC) for the fiscal year 2022-23, held in April 2022, had kept the policy repo rate at 4%. RBI’s surprise repo rate hike […]
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 […]
Billionaire Gautam Adani’s conglomerate, which owns industries ranging from seaports to airports and electricity, is rushing to expand its operations, announcing a venture into healthcare services following acquisitions and investment announcements in cement production. ATL’s Deal: Adani Transmission Ltd (ATL) announced that it had reached an agreement with Essar Power to purchase the Mahan-Sipat transmission […]
The phrase ‘Google it’ and ‘search engine’ might not remain synonyms anymore, as Apple is ready to launch its web crawler. Apple and Google, the dominating tech behemoths, are again in rivalry. The American giant has drawn swords with Google in a field entirely monopolized by Google, the search engine. According to reports, the company […]
Ever since its inception in 1941 by Brig. CVC Jackson in Pune, the 81-year-old Builders’ Association of India (BAI), got its first Gujarati president on Sunday. At a meet convened in the city, this biggest and oldest conglomerate of Real Estate Developers and civil engineering construction contractors voted Niimesh D. Paatel as its head for […]
Billionaire Gautam Adani led Adani Transmission Ltd. (ATL) has inked definitive agreements with Essar Power Ltd. (EPL) for the acquisition of Essar Power Transmission Ltd.’s 673 ckt kilometres operational inter-state transmission project (EPTCL). The transaction’s enterprise value is INR 1,913 crore. ATL’s MD and CEO, Anil Sardana “ATL’s foothold in central India will be strengthened […]
