Articles for category: Business

Market News

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

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 ...

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

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

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

India and the US prepare to sign a crucial minerals pact, strengthening trade ties amid diplomatic tensions.

India and the US prepare to sign a crucial minerals pact, strengthening trade ties amid diplomatic tensions.

India and the United States are set to sign a preliminary agreement to enhance cooperation on critical minerals during Indian Trade Minister Piyush Goyal’s visit to Washington this week. The pact aims to strengthen trade ties between the two nations, focusing on building supply chains and promoting collaboration in key minerals essential for clean energy, ...

Market News

Google enhances Pixel Buds Pro 2 with Android 15, introducing noise control options for immersive audio experiences.

Google enhances Pixel Buds Pro 2 with Android 15, introducing noise control options for immersive audio experiences.

Google is enhancing the Pixel Buds Pro 2 experience with new noise control features in Android 14. Users can now easily select noise cancellation modes — including Noise Cancellation, Transparency, and ANC Off — directly from the volume control menu on their Android devices. This updated menu also includes options for Spatial Audio and Live ...

Market News

Greenzo Energy secures a major hydrogen project in Tamil Nadu, boosting its order book to Rs 1,200 crore, enhancing India’s green initiatives.

Greenzo Energy secures a major hydrogen project in Tamil Nadu, boosting its order book to Rs 1,200 crore, enhancing India’s green initiatives.

Greenzo Energy has announced a significant multi-crore hydrogen project in Tamil Nadu, boosting its total order book to Rs 1,200 crore. The contract, awarded by the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), entails establishing a hydrogen generation plant capable of producing 20 normal cubic meters of hydrogen per hour. This initiative will take ...

Market News

Coldplay’s Mumbai concert faces ticket scalping scandal as BookMyShow executives are summoned for alleged fraud amidst overwhelming fan demand.

Coldplay’s Mumbai concert faces ticket scalping scandal as BookMyShow executives are summoned for alleged fraud amidst overwhelming fan demand.

Coldplay has added a third show to its “Music Of The Spheres World Tour 2025” in Mumbai due to overwhelming demand after fans faced long waits on the BookMyShow ticket platform. However, the company is now under investigation by the Mumbai Police’s Economic Offences Wing for alleged ticket scalping. This follows a complaint filed by ...

Market News

Ashneer Grover and BharatPe settled legal disputes, following arrests related to significant fund misappropriation, severing all ties.

Ashneer Grover and BharatPe settled legal disputes, following arrests related to significant fund misappropriation, severing all ties.

BharatPe’s former co-founder Ashneer Grover and the company have settled a long-standing legal dispute following recent arrests linked to financial misappropriation at the fintech firm. As part of the settlement, Grover will no longer have any involvement with BharatPe and will transfer certain shares to the Resilient Growth Trust. Previously, allegations arose when co-founder Bhavik ...

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