Articles for category: Business

Market News

Nitin Gadkari unveils Revolt Motors’ electric bike, targeting global markets as India ramps up two-wheeler exports.

Nitin Gadkari unveils Revolt Motors’ electric bike, targeting global markets as India ramps up two-wheeler exports.

Union Minister Nitin Gadkari highlighted the significant potential for Indian electric two-wheeler exports, particularly to regions where traditional motorcycles are already in demand. At the launch of Revolt Motors’ new electric commuter motorcycle, he noted that half of India’s motorcycle production is exported, with established companies like Bajaj Auto and Hero MotoCorp leading the way. ...

Market News

Prime Minister Modi celebrates his birthday with an e-auction of 600 unique mementoes, spotlighting India’s rich cultural heritage.

Prime Minister Modi celebrates his birthday with an e-auction of 600 unique mementoes, spotlighting India’s rich cultural heritage.

Prime Minister Narendra Modi celebrated his 74th birthday on September 17, 2024, by launching an e-auction featuring over 600 unique items, including a detailed model of the Ram Temple in Ayodhya and memorabilia from the 2024 Paris Paralympic Games. This sixth edition of the online auction, which began on Modi’s birthday, allows participants to bid ...

Market News

Delhi’s Atishi becomes the youngest woman chief minister, poised to tackle political challenges while rolling out vital welfare schemes.

Delhi’s Atishi becomes the youngest woman chief minister, poised to tackle political challenges while rolling out vital welfare schemes.

Atishi Marlena has made history by becoming the third and youngest female Chief Minister of Delhi, following her election by Aam Aadmi Party legislators. Aiming to strengthen support among women and lower-income groups, Atishi plans to implement key welfare initiatives, including a monthly allowance for eligible women under the Mahila Samman Yojana. She faces challenges ...

Market News

Reckitt Benckiser embarks on a dramatic divestment journey, eyeing sales amid struggles with its homecare and infant formula sectors.

Reckitt Benckiser embarks on a dramatic divestment journey, eyeing sales amid struggles with its homecare and infant formula sectors.

Reckitt Benckiser Group Plc is planning to sell some of its non-core homecare brands, potentially worth over £6 billion, as part of a strategic shift. The company is working with Morgan Stanley on this sale, which includes popular products like Airwick and Cillit Bang. Additionally, Reckitt is exploring options for its infant formula business, guided ...

Market News

Ravi Mital, IBBI chairperson, urges insolvency experts to prioritize transparency, enhancing bids and strengthening India’s insolvency framework.

Ravi Mital, IBBI chairperson, urges insolvency experts to prioritize transparency, enhancing bids and strengthening India’s insolvency framework.

Ravi Mital, the Chairperson of the Insolvency and Bankruptcy Board of India (IBBI), emphasized the importance of transparency among insolvency professionals during a recent conference in New Delhi. He urged professionals to enhance transparency in the resolution process, stating that this practice could lead to better bids and reduced financial haircuts. Mital highlighted the crucial ...

Market News

Revolt Motors unveils its affordable RV1 electric motorcycle, igniting fierce competition in India’s burgeoning e-motorbike market.

Revolt Motors unveils its affordable RV1 electric motorcycle, igniting fierce competition in India’s burgeoning e-motorbike market.

Revolt Motors has launched its first electric motorcycle, the RV1, priced at an introductory cost of Rs 84,990. This comes after competition from Ola Electric’s Roadster series, which starts at Rs 74,999. The RV1 is available in two battery options, offering a range of up to 160 km. Additionally, a premium variant, the RV1+, is ...

Market News

India’s NFRA revises auditing standards to enhance accountability amid past frauds, gaining support from key financial regulators.

India’s NFRA revises auditing standards to enhance accountability amid past frauds, gaining support from key financial regulators.

The National Financial Reporting Authority (NFRA) has proposed new auditing standards for group audits in India, aiming to enhance the quality and thoroughness of these audits. This revision aligns with international standards to address the deficiencies observed in past audits of listed companies and public interest entities. NFRA emphasizes the group auditor’s responsibility and the ...

Market News

IRB Infrastructure Investment Trust plans ₹2,667 crore debt refinancing to eliminate external liabilities, enhancing financial stability amid mixed earnings performance.

IRB Infrastructure Investment Trust plans ₹2,667 crore debt refinancing to eliminate external liabilities, enhancing financial stability amid mixed earnings performance.

IRB Infrastructure Investment Trust (InVIT) is set to raise Rs 2,667 crore through term loans to refinance existing debt, aiming to eliminate external debt for its six Special Purpose Vehicles (SPVs). This move will extend the loan duration and lower financing costs. Currently, InVIT manages road assets across several states, including Karnataka and Rajasthan. Although ...

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