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Prosecutors from the US Attorney Office and Justice Department (DoJ) are reportedly looking at an Adani Group entity and Azure Power Global around potential bribery investigations. An Adani Group entity potentially involved in “paying officials in India for favorable treatment on an energy project˙. Based on the profile of USD bond issuers from the group, […]
In another feather on the cap of Adani Group, Adani Vizhinjam Port Private Limited (AVPPL) has won an International Safety Award from the British Safety Council in recognition of its commitment to keeping workers and workplaces healthy and safe. AVPPL is one of 269 global organisations to win a distinction in the International Safety Awards […]
Adani Group is investing over Rs 1.2 lakh crore (about USD 14 billion) through its portfolio of 11 listed companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, sources said. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 […]
Adani Energy Solutions Limited (AESL) has been conferred with Indian Industry body CII’s coveted Climate Action Programme ‘CAP 2.0 Award’ for 2023 in the ‘Resilient category’. The CII CAP 2.0 Award is given to companies that exhibit outstanding performance in specific categories. This year, AESL stood out among peers for its resilience. The ‘Resilient category’ […]
The Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group, India’s largest private infrastructure and energy provider, and EdgeConneX, one of the world’s largest private data centre operators – has received Five-Star grading in the Occupational Health and Safety Audit conducted by the British Safety Council. This global recognition makes AdaniConneX’s […]
AdaniConneX, a joint venture between the Adani Group, India’s largest private infrastructure and energy provider and EdgeConneX, one of the world’s largest private data centre operators, has been awarded a Five-Star grade in the Occupational Health and Safety Audit conducted by the British Safety Council. This makes AdaniConneX’s Hyderabad site the first data centre in […]
Oil and Gas company Shell plc will reportedly cut at least 20% of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs. Staff in the division, which has several hundred employees handling mergers and acquisitions for Shell, were told that there would be a […]
The Centre has announced a new scheme to promote sales of electric two and three wheelers in the country. According to Heavy Industries Minister Mahendra Nath Pandey, Rs 500 crore is being allocated for the Electric Mobility Promotion Scheme (EMPS), 2024. This scheme is valid for four months from April 1 onwards. In February 2024, […]
Karan Adani announces the Airport is equipped to handle 8 million passengers annually Team Vo!: Prime Minister Narendra Modi inaugurated a state of the art international airport in Lucknow. The T3 terminal that he inaugurated has been built at a cost of Rs 2400 crore and will cater to around 4000 passengers during peak hours. […]
While diamonds may have been touted as a girl’s best friend for years, gold is still a firm favourite when it comes to Indian consumers and investors. Gold prices in India hit a fresh record high on March 5. Price of the yellow metal surged to Rs 65,000 per 10 gms in Delhi markets. Why […]
Gold prices surged Rs 800 on Tuesday and reached a fresh record high of Rs 65,000 per 10 grams in the national capital. The development is the result of strong global trends, according to HDFC Securities. Silver also rallied Rs 900 to Rs 74,900 per kg. According to analysts, spot gold prices (24 carats) in […]
Reliance Retail, led by Mukesh and Isha Ambani, is reportedly in discussions with Italian beauty brand Kiko Milano to acquire its operations in India. This strategic move aims to strengthen Reliance’s position in the beauty market and intensify competition with key rivals such as Nykaa and Shoppers Stop. This development follows Reliance Retail’s recent acquisition […]
MET City, a subsidiary of Reliance Industries Limited, has achieved a significant milestone by becoming the home to Saab’s first manufacturing facility of the famous Carl-Gustaf Weapon System in India. This development marks India’s first 100% Foreign Direct Investment (FDI) in defense, underlining the country’s efforts to become self-reliant in key defense technologies. The agreement […]
The founder of Amigo Cyber Security and his team have emerged as guardians of the digital realm with services in cyber security and digital forensics. Today, almost everything is driven and influenced by the digital world. Almost all industries around the globe constantly adapt and adopt the latest tech trends and stay ahead of the […]
India is poised to become a global leader in the export of medical devices and pharmaceuticals, declared Union Health Minister Mansukh Mandaviya on Saturday. Highlighting India’s transition into a significant exporter of bulk drugs and medical devices, Mandaviya emphasized the nation’s efforts to mitigate risks in the supply chain and reduce dependence on single-country sources […]
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% […]
A recent report released by the Statistics Ministry reveals that Indian household spending has more than doubled over the last decade. The report indicates a shift in expenditure patterns, with households spending less on food items and more on discretionary items such as clothing, television sets, and entertainment. According to the report, the share of […]
The largest share of stock market turnover still comes from high networth Individuals in India. NSE data says that 75% stock market trading in December from across the country came from merely 0.2% of the total investors. States like Gujarat, Maharashtra and Uttar Pradesh also show the same trend where a greater number of people […]
The size of India’s furniture market is estimated at Rs 1.3 lakh crore, of which the organised sector accounts for Rs 8,000 crore. With 970 stores across the country, Godrej Interio claims a market share of 30% within the orgainsed sector, making it the market leader. In Gujarat, however, the company’s share is much less, […]
Adani Ports’ subsidiary, Udanvat Leasing IFSC Ltd, is eyeing to break even in terms of net foreign exchange outgo within nine years. Udanvat, soaring into the aircraft leasing market after having received approval from IFSC GIFT City, has outlined a 10-year roadmap, in which the initial five years will see a projected outflow of ₹250 […]
