Articles for author: Market News

Market News

House of Hiranandani plans a dramatic Rs 3,200 crore redevelopment of five aging housing societies in Mumbai, transforming urban living.

House of Hiranandani plans a dramatic Rs 3,200 crore redevelopment of five aging housing societies in Mumbai, transforming urban living.

House of Hiranandani is set to invest Rs 3,200 crore to redevelop five housing societies in Chembur, Mumbai, which will involve a total of 459 tenants. The redevelopment projects include Maitri Park and the Shrinagar Society. This initiative is part of the company’s broader plan to explore the redevelopment of aging structures in Mumbai, addressing ...

Market News

Language Wars: KTR Challenges Amit Shah’s Hindi Dominance, Advocating for India’s Rich Linguistic Tapestry

BRS working president KT Rama Rao recently challenged Union Home Minister Amit Shah’s push for greater acceptance of Hindi in India. In a post on X, he highlighted the need to promote the country’s rich linguistic diversity, questioning why Hindi should take precedence over regional languages like Telugu, Tamil, and others. He argued that India’s ...

Market News

Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s  trillion export goal by 2030.

Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s $1 trillion export goal by 2030.

Vedanta, a prominent Indian conglomerate, is set to boost its nickel and nickel sulphate production to meet the growing demand for electric vehicle (EV) battery materials in Northeast Asia. The company recently announced plans to enhance its capacity, emphasizing the role of nickel sulphate in battery manufacturing. While India’s EV Market is still developing, Vedanta ...

Market News

Modi Promises Semiconductor Boom: Is India Really Ready to Chip Away at Global Competition?

On September 11, 2024, semiconductor stocks experienced a significant rise following Prime Minister Narendra Modi’s speech at the Semicon India 2024 event. He emphasized India’s commitment to boosting its semiconductor infrastructure and highlighted the country’s potential to become a global leader in chip manufacturing. Modi stated that India holds 20 percent of the world’s talent ...

Market News

Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects International Ltd (KPIL), a leading engineering and construction company in India, has secured new orders worth Rs 2,774 crore. These projects include significant work in Transmission & Distribution overseas and an EPC project for the Airports Authority of India, as well as a Design & Build project for residential buildings in India. Manish ...

Market News

Nurse’s Heroic Journey Amidst Chaos: Florence Nightingale Award Highlights Unsung Heroes in a Troubling Political Landscape

Sanjukta Sethi, a 55-year-old nursing officer from Malkangiri, has been honored with the National Florence Nightingale Award 2024 by President Droupadi Murmu at Rashtrapati Bhavan. With 24 years of experience in the hospital’s operation theatre, Sanjukta has assisted in around 11,000 deliveries and over 6,000 surgeries, often handling critical cases in a Maoist-affected area. Her ...

Market News

Amid financial turmoil, Paytm vows to regain profitability by focusing on core payments and leveraging AI for growth.

Amid financial turmoil, Paytm vows to regain profitability by focusing on core payments and leveraging AI for growth.

Paytm, under the leadership of founder Vijay Shekhar Sharma, is focusing on its core payment services while aiming for profitability. Speaking at the annual meeting, Sharma emphasized a commitment to compliance and continuous improvement in business operations. Recently, Paytm faced challenges, including a reported loss of Rs 839 crore in the first quarter of FY25 ...

Market News

Rahul Gandhi’s US Soiree: Bridging Diaspora Relations or Fanning Flames of Controversy with Politicians at Play?

During his recent visit to the United States, Congress leader Rahul Gandhi engaged with the Indian diaspora, students, and faculty in various universities. He also met with US lawmakers at the Rayburn House Office Building, an event hosted by Congressman Bradley Sherman. Notable attendees included Representatives Jonathan Jackson, Ro Khanna, and Ilhan Omar, whose presence ...

Market News

HDFC Bank is negotiating to offload Rs 8,400 crore in loans to strengthen finances amid rising credit-to-deposit ratio concerns.

HDFC Bank is negotiating to offload Rs 8,400 crore in loans to strengthen finances amid rising credit-to-deposit ratio concerns.

HDFC Bank, India’s largest private lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell around Rs 8,400 crore (about $1 billion) in loans. This move aims to improve its credit-to-deposit ratio, which has been under pressure due to rapid loan growth compared to deposits. The bank is also in talks with ...

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