Articles for category: Business

Market News

Adani Ports secures a 30-year concession to develop Berth No. 13, enhancing cargo capacity at Deendayal Port by 2027.

Adani Ports secures a 30-year concession to develop Berth No. 13, enhancing cargo capacity at Deendayal Port by 2027.

Adani Ports and Special Economic Zone (APSEZ) has recently signed a concession agreement to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. This berth, designed to handle multipurpose cargo, is set to be operational by FY27 and has a capacity of 5.7 million metric tons annually. APSEZ established a new subsidiary, DPA Container ...

Market News

JSW MG Motor India launches the MG Windsor, shifting focus to electric vehicles, aiming for over 50% EV sales by 2024.

JSW MG Motor India launches the MG Windsor, shifting focus to electric vehicles, aiming for over 50% EV sales by 2024.

JSW MG Motor India is shifting its focus towards electric vehicles (EVs) and away from traditional internal combustion engine (ICE) vehicles. Parth Jindal, the company director, announced the launch of the MG Windsor electric crossover, which marks their commitment to new energy vehicles. Bookings for the Windsor start on October 3, with deliveries beginning October ...

Market News

Frustrated by poor service, a man sets fire to an Ola Electric showroom, igniting outrage and highlighting service struggles.

Frustrated by poor service, a man sets fire to an Ola Electric showroom, igniting outrage and highlighting service struggles.

A 26-year-old man was arrested for allegedly setting fire to an Ola Electric showroom in Karnataka after facing poor servicing for his newly purchased e-scooter. Mohammad Nadeem, a mechanic, took his scooter to the service center multiple times for issues but was dissatisfied with the response. Frustrated, he brought petrol to the showroom and set ...

Market News

India aims to become a semiconductor powerhouse, targeting 0 billion in electronics by 2030, creating 6 million jobs.

India aims to become a semiconductor powerhouse, targeting $500 billion in electronics by 2030, creating 6 million jobs.

Prime Minister Narendra Modi highlighted India’s growing potential in the semiconductor industry during the Semicon India event in Greater Noida. He announced ambitious plans to expand the country’s electronics sector from its current value of over $150 billion to $500 billion by the end of the decade, which could create around 6 million jobs for ...

Market News

Telecom Minister Scindia vows to connect 25,000 villages by mid-2025, facing ongoing delays and challenges amidst ambitious rollout plans.

Telecom Minister Scindia vows to connect 25,000 villages by mid-2025, facing ongoing delays and challenges amidst ambitious rollout plans.

Telecom Minister Jyotiraditya Scindia announced plans to connect 25,000 unconnected villages with telecom and mobile internet by mid-2025, aiming for full saturation across the country. As part of this initiative, BSNL will deploy 100,000 telecom towers and invest Rs 45,000 crore. Despite 450,000 towers already in place, many villages, especially in Northeast India, remain without ...

Market News

Supreme Court to hear pleas from mineral-rich states for recovering dues on royalty after landmark ruling favoring state tax rights.

Supreme Court to hear pleas from mineral-rich states for recovering dues on royalty after landmark ruling favoring state tax rights.

The Supreme Court has announced plans to establish a bench to address the claims of mineral-rich states like Jharkhand, which are seeking to collect millions in unpaid royalties and taxes related to mineral rights. This move follows a significant ruling on July 25, where the court determined that states, not the Central government, hold the ...

Market News

Huawei’s Mate XT Ultimate, a groundbreaking tri-fold smartphone, rivals Apple with its innovative design and stunning features, launching just hours post-iPhone 16 reveal.

Huawei’s Mate XT Ultimate, a groundbreaking tri-fold smartphone, rivals Apple with its innovative design and stunning features, launching just hours post-iPhone 16 reveal.

Huawei has launched its groundbreaking Mate XT Ultimate tri-fold smartphone in China, showcasing a versatile design that allows it to function both as a tablet and a traditional smartphone. Featuring a stunning 10.2-inch OLED display that can be folded down to 6.4 inches, this innovative device boasts a thickness of just 3.6mm when unfolded. Equipped ...

Market News

Supreme Court to hear Byju’s insolvency case amid creditor disputes and a critical Rs 158.9 crore settlement with BCCI.

Supreme Court to hear Byju’s insolvency case amid creditor disputes and a critical Rs 158.9 crore settlement with BCCI.

The Supreme Court is set to hear an appeal on September 17 from Glas Trust Company LLC, a US-based creditor, regarding the ed-tech firm BYJU’s. This follows a previous National Company Law Appellate Tribunal (NCLAT) decision that paused insolvency proceedings against BYJU’s and approved a Rs 158.9 crore settlement with the Board of Control for ...

Market News

Sebi Chairperson Madhabi Puri Buch faces serious allegations of conflict of interest amid scrutiny from Hindenburg Research and Congress.

Sebi Chairperson Madhabi Puri Buch faces serious allegations of conflict of interest amid scrutiny from Hindenburg Research and Congress.

Hindenburg Research has criticized Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), for her silence regarding allegations against her. The Congress party accused Buch and her husband of receiving funds from companies regulated by Sebi during her tenure. Allegedly, Buch’s consulting firm received payments from major firms like Mahindra ...

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