 "Star Health Ventures International: A Bold Move for Global Reinsurance")
Star Health and Allied Insurance aims to enhance its international presence by collaborating with insurers in Africa and West Asia for inward reinsurance opportunities through GIFT City, as announced by MD and CEO Anand Roy. With approval to set up an international office at GIFT City, Star Health plans to offer reinsurance and concierge claim ...
 "Vedanta’s Credit Rating Soars: A Strategic Leap Towards Financial Strength")
ICRA has upgraded Vedanta Ltd’s long-term credit rating from AA- to AA, highlighting the company’s improved credit profile. This change comes after Vedanta successfully raised $1 billion through a qualified institutional placement in July and an additional $400 million from selling shares of Hindustan Zinc Ltd in August. The upgrade reflects significant strategic growth initiatives ...
 "Bangladesh Triumphs in Historic Test as Pakistan’s Unity Faces Scrutiny")
In a recent match, Bangladesh celebrated a significant victory over Pakistan, with Shadman Islam and Zakir Hasan congratulating Pakistani players in Rawalpindi. Amidst this, Pakistan’s captain, Shan Masood, addressed rumors of a rift with pacer Shaheen Shah Afridi, who was absent in the second Test. The speculations arose from a video where Shaheen appeared to ...
 "Reliance Triumphs in EV Battery Production Bid, Boosting India’s Green Future")
Reliance Industries has won a bid to produce electric vehicle (EV) batteries under India’s production-linked incentive scheme. The government announced this on September 4, 2024. Reliance can manufacture up to 10 gigawatts of advanced chemistry cells (ACCs), which are essential for EVs. They outperformed six competitors, including Amara Raja Energy and JSW Energy. This initiative ...
 "Air India Unveils Bengaluru MRO Facility: 1,200 Jobs and Future Growth")
Air India is set to enhance India’s aviation landscape with a new Maintenance, Repair and Overhaul (MRO) facility in Bengaluru. Announced by CEO Campbell Wilson, this project will create over 1,200 direct jobs for aviation engineers and significantly boost the local economy by generating seven times as many indirect jobs. The groundbreaking ceremony marked the ...
 "Adani Enterprises Makes Bold Retail Bond Debut Amid Controversy")
Adani Enterprises has successfully launched its first retail bond, fully subscribed on its debut day. This move marks a significant return to the capital markets for the Indian conglomerate, which faced scrutiny following allegations by Hindenburg Research that impacted its share prices. The company aims to raise up to Rs 800 crore ($95.32 million) through ...
 "Hotel Investments Surge in India: A 3 Million Transformation Ahead!")
In the first half of 2024, hotel investments in India reached $93 million, showing strong interest from various investors. Listed companies led the transactions, accounting for 44 percent of the total. The JLL report predicts total investments for the year will hit $413 million, a 22 percent rise from 2023. The upscale hotel segment dominated ...
 "India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth")
The Finance Ministry has announced relaxed spending norms for capital expenditures over Rs 500 crore, aiming to boost this fiscal year’s capital expenditure, which is set at an ambitious Rs 11.11 trillion. This decision comes as government spending slowed down during the recent general elections. Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital ...
 "Landmark Group’s Ambitious ₹4,200 Crore Expansion Transforms Delhi-NCR Real Estate")
Landmark Group, a prominent real estate firm, is set to invest Rs 4,200 crore in a new housing and commercial project in the Delhi-NCR region. This investment is part of the company’s strategy to expand its portfolio with a variety of luxury housing, retail, and commercial offerings over the next two years. The upcoming projects ...
 "Gurugram’s Ashiana Amarah Sees Dramatic Sales Surge of 168 Apartments!")
Ashiana Housing has achieved significant success by selling 168 apartments worth Rs 403.49 crore in just one day at their ‘Ashiana Amarah’ project in Gurugram. The strong consumer demand for these kid-centric homes is evident, with 168 out of 280 units in the fourth phase booked immediately. This phase offers high-quality 3 BHK units within ...
