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Amid insolvency turmoil, McLeod Russel’s Aditya Khaitan remains hopeful for bank resolutions and a brighter financial future.

Amid insolvency turmoil, McLeod Russel’s Aditya Khaitan remains hopeful for bank resolutions and a brighter financial future.

Aditya Khaitan, chairman of McLeod Russel India, expressed optimism about resolving the company’s debt issues during the annual general meeting. Despite facing multiple insolvency petitions from creditors like State Bank of India and HDFC Bank, he remains hopeful that the banks will cooperate to establish a resolution. Khaitan highlighted the potential for a better fiscal ...

Market News

Monsoon Mayhem: Tamil Nadu’s ‘Preparedness’ Meets Reality as Stalin Confronts Climate Chaos – Are We Ready for Another Flood?

Tamil Nadu Chief Minister M.K. Stalin recently reviewed the state’s preparedness for the upcoming northeast monsoon, highlighting concerns over climate change causing intense rainfall in short periods. This situation has impacted infrastructure and essential services like water supply and electricity, especially in areas previously affected by severe floods. In response, the state government is implementing ...

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Three Adani firms join WEF’s initiative, aiming to transform Mundra into a leading green hydrogen hub and drive decarbonization.

Three Adani firms join WEF’s initiative, aiming to transform Mundra into a leading green hydrogen hub and drive decarbonization.

Three companies from the Adani Group, including Adani New Industries Ltd, Adani Ports, and Ambuja Cements, have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, creating the Adani Mundra Cluster. This initiative aims to boost collaboration among companies to drive economic growth, generate jobs, and achieve decarbonization by 2050. Karan Adani emphasized the cluster’s ...

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Five Years Later: Odisha CM Blames BJD for Officer’s Death—Is Justice Finally on the Table?

After five years of unanswered questions surrounding the death of panchayat officer Smitarani Biswal in Jajpur district, Odisha Chief Minister Mohan Majhi has announced a fresh investigation. The incident, which involved her body being found in a guesthouse, sparked public outrage and accusations against the previous BJD government. Majhi claims that BJD leaders were implicated ...

Market News

Cognizant reveals plans for a major tech hub in GIFT City, promising 2,000 jobs and boosting India’s financial technology landscape.

Cognizant reveals plans for a major tech hub in GIFT City, promising 2,000 jobs and boosting India’s financial technology landscape.

Cognizant, a leading global technology firm, is set to open a new techfin centre in Gujarat International Finance Tec-City (GIFT City) in February 2025. This strategic hub will initially support 500 associates, with plans to increase its workforce to 2,000 within three years. The centre will focus on delivering advanced technology solutions for clients in ...

Market News

Rahul Gandhi Accuses BJP of ‘Stealing Pensions’ to Line Adani’s Pockets: A Bold Claim or Political Theatre?

Rahul Gandhi, the Congress leader, intensified his criticism of the BJP’s Agnipath scheme during a roadshow in Ambala, Haryana. He accused the government of using the scheme to deny pensions to Agniveers, suggesting that it benefits industrialist Gautam Adani instead. Gandhi argued that while regular soldiers receive lifelong pensions, Agniveers will not, claiming the scheme ...

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Tata Power’s monumental Rs 1.2 trillion investment agreement with Rajasthan aims to transform the state into a clean energy powerhouse.

Tata Power’s monumental Rs 1.2 trillion investment agreement with Rajasthan aims to transform the state into a clean energy powerhouse.

The Ministry of Power has made a significant regulatory change that allows power plants supplying electricity to neighboring countries to sell their unused output in India if they face challenges in foreign markets. This decision comes amid ongoing efforts to enhance energy management. In a related development, Tata Power signed a groundbreaking agreement with the ...

Market News

Mamata Mourns Flood Aid Absence: Is Bengal’s Struggle Just Another Chapter in the Deprivation Saga?

Chief Minister Mamata Banerjee expressed disappointment that West Bengal has not received any financial aid from the central government to address the recent floods. While speaking to the media in Siliguri after a review meeting, she criticized the lack of response from the Prime Minister regarding the state’s concerns. The floods, caused by heavy water ...

Market News

Core sector production plummeted 1.8% in August, driven down by coal, oil, and electricity, raising concerns for industrial growth.

Core sector production plummeted 1.8% in August, driven down by coal, oil, and electricity, raising concerns for industrial growth.

In August 2024, the production growth of eight key infrastructure sectors in India saw a decline of 1.8 percent. This downturn was primarily due to lower outputs in coal, crude oil, natural gas, refinery products, cement, and electricity. This is a significant shift from the growth rate of 6.1 percent recorded in July. Despite the ...

Market News

Delhi’s New CM Atishi Promises Pothole-Free Roads by Diwali—Is It a Dream or Just Election-Year Magic?

Delhi Chief Minister Atishi is spearheading an initiative to inspect and repair damaged roads across the city, aiming for a pothole-free Delhi by Diwali. Accompanied by her cabinet ministers and Public Works Department engineers, Atishi assessed various areas in south and southeast Delhi after taking over from Arvind Kejriwal. She assigned specific districts to ministers ...

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