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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 […]
Researchers at Gujarat Biotechnology University (GBU) are in the process of inventing methods to manufacture carbon-free fuel, which will help to cut carbon emissions and contribute to a greener environment. The research group is focusing on “whole-cell bio-catalysis” (WCB) for the production of green fuels and biopolymers with the goal of creating a “green process […]
Reliance Industries Ltd (RIL) has pulled out of its Rs24,713 crore-deal with Kishore Biyani’s Future Group to acquire its retail business. The Reliance-Future deal turned controversial and spawned a vicious legal battle. The sale to Reliance was a key reason why Amazon aggressively blocked the sale. The Jeff Bezos-owned retail giant had embedded rights in […]
Yes Bank co-founder Rana Kapoor, who is currently in judicial custody, has made a startling revelation in his latest statement to Enforcement Directorate (ED). He has said that he was forced to buy an M F Husain painting from Congress’s Priyanka Gandhi Vadra, and the proceeds of Rs2 crore would be used for the medical […]
The Reserve Bank of India has issued a new set of guidelines for credit and debit cards. These include a set of standard operating procedures (SOPs), as well as consumer protection measures as credit card usage explodes in India. It is hoped that the new rules will protect consumers from frauds and hidden charges, among […]
Volatile markets are making investors nervous. Though the foreign institutional investors are cutting their exposure to Indian stocks due to rising geo-political risks and rising interest rates, the domestic investors have shown nerves of steel. The Indian mutual fund industry which manages assets worth Rs 37.5 trillion has been getting inflows in equity mutual funds […]
On Thursday, Reliance Retail announced the debut of ‘Swadesh’, a dedicated artisan-only store format that will feature agriculture and food goods, handlooms, clothes, textiles, handicraft, and handmade natural products. According to Reliance Retail, this will improve its “hand-made in India” campaign and give a global platform for craftsmen and marketers of handcrafted products. It is […]
Adani Ports and Special Economic Zone Ltd (APSEZ) has entered into a definitive agreement for acquisition of 100% stake in Ocean Sparkle Ltd (OSL), which is India’s leading third-party marine services provider. The deal was done through the group’s subsidiary, The Adani Harbour Services Ltd (TAHSL). Ocean Sparkle, established in 1995, has an asset base […]
According to a report by global brokerage Morgan Stanley, by the end of this decade, hydrogen and related ecosystems will create a value worth $10 billion for Reliance Industries Ltd (RIL). It will account for nearly 10% of RIL’s earnings as the company has invested nearly $4-5 billion in new energy businesses. RIL’s target price […]
Your early 20s are a time for growth. New friends, new jobs, new towns. But with so many firsts, mistakes are only natural. Financial mistakes, however, can be costly. Chartered accountant and tax consultant Yash Shah is here to help you. If you are buying a house from an NRI, the most important provision to […]
The rate of employees leaving the information technology (IT) firms continues to remain high as opportunities are growing with high digital acceptance across industries. However, the rise in attrition rate pushes such companies to hire more employees at competitive salaries, which eventually impacts their incomes. Among the brands worst hit is Tata Consultancy Services (TCS). […]
Among the 5,000 foundry units in India, Gujarat alone account for about 30 percent while notching the first spot in the turnover from the same. About 90 per cent classify into small and medium scale enterprises (SMSEs). That the foundry industry is a labour-oriented enterprise makes matters worse. It provides direct employment to 5 lakh […]
Adani Group managed Sardar Vallbhbhai Patel International Airport (SVPIA) and has completed the recarpeting work on its 3.5 km long runway in a record time of 75 days. This time scale is an all-time best among brownfield runways in India. The quantity of asphalt laid for the recarpeting was equivalent to a 200 km stretch […]
“Do not be afraid to take risks along the way. You are blessed to be entering a world which is now increasingly risk friendly. Spend the early years of your career taking the right risks and make some bold bets on yourself. Test what you like and what you dislike. Take on roles that put […]
After 17 years of its entry into India, the world’s largest cement and building materials manufacturer Holcim group is mulling over the idea of pulling out of the country. The Holcim Group is putting its stake in Ambuja Cement and ACC Ltd up for sale. The firm is learnt to be in talks with the […]
An Indian woman investment banker-turned successful entrepreneur at the age of 50. Falguni Nayar does have grit and resolve in her indomitable Gujarati spirit. Hers is a story of resilience against all perceived odds.
Singapore High Commissioner Simon Wong said on Tuesday that the Singapore Stock Exchange (SGX) will begin operations at GIFT City in collaboration with NSE from July this year. The news comes after Wong had a meeting with Gujarat Chief Minister Bhupendra Patel in Gandhinagar. The NSE IFSC-SGX Connect is an initiative taken up by the two countries to collaborate in […]
One of Singapore’s top fashion e-commerce firm Zilingo has suspended its Indian Founder and CEO Ankiti Bose, citing discrepancies in accounting. According to sources, the move follows the company’s attempt to raise funds, where the investors started questioning its finances during due diligence. Consequently, the talks with the investors have been put on hold and […]
