 "LG Electronics plans a .5 billion IPO for its Indian unit, aiming to boost revenue and capitalize on India’s growth potential.")
LG Electronics is planning a potential initial public offering (IPO) for its Indian business, aiming to raise between $1 billion and $1.5 billion. This move could value LG Electronics India Pvt Ltd at around $13 billion. The company has selected major banks like Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley to manage the ...
 "RITES Ltd, now a prestigious Navratna, reports strong growth with record revenue and robust dividends, emphasizing future-ready strategies.")
RITES Ltd, a prominent infrastructure and consultancy firm under the Railway Ministry, recently held its 50th Annual General Meeting where Chairman Rahul Mithal shared the company’s progress. In FY24, RITES recorded a consolidated revenue of Rs 2,539 crore, slightly down from Rs 2,730 crore in FY23. The company achieved its highest-ever consultancy revenue of Rs ...
 "Vishnu Vardhan warns that AI’s growth could overshadow Indian languages but offers hope through targeted development and investment.")
Vishnu Vardhan, the founder of SML Generative AI, discusses the potential of AI to enhance Indian regional languages and the challenges that come with it. He believes that while AI can greatly support the growth of these languages, there is a risk that people may rely more on English if strong AI models are not ...
 "RBI Governor Shaktikanta Das predicts India’s growth potential at 7.5% amidst balanced inflation and economic risks, addressing global finance in Singapore.")
Reserve Bank of India Governor Shaktikanta Das, speaking at the Future of Finance Forum in Singapore, projected India’s growth potential at over 7.5 percent for the ongoing financial year, surpassing the RBI’s own estimate of 7.2 percent. He acknowledged a slower growth rate of 6.7 percent in the April-June quarter due to reduced government spending ...
 "Corning accelerates growth in India with major investments in mobile tech and life sciences, marking a bullish future.")
Corning is optimistic about its growth in India, focusing on mobile consumer electronics and life sciences. Currently, its automotive and optical fiber sectors generate the most revenue. The company, originally known for glass covers for light bulbs, has diversified into various glass technologies. To strengthen its presence, Corning plans to invest over Rs 1,000 crore ...
 "Eastman Auto & Power targets ₹10,000 crore turnover by 2025-26, driving growth through solar rooftop solutions and strategic leadership changes.")
Eastman Auto & Power Ltd, a provider of solar rooftop solutions, aims to reach a turnover of Rs 10,000 crore by 2025-26, significantly up from Rs 3,600 crore in 2023-24. The company plans to expand its renewable energy capacity while continuing to grow its Last Mile E-Mobility Solutions business. To support this ambitious goal, Eastman ...
 "Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s trillion export goal by 2030.")
Vedanta, a prominent Indian conglomerate, is set to boost its nickel and nickel sulphate production to meet the growing demand for electric vehicle (EV) battery materials in Northeast Asia. The company recently announced plans to enhance its capacity, emphasizing the role of nickel sulphate in battery manufacturing. While India’s EV Market is still developing, Vedanta ...
 "Amid financial turmoil, Paytm vows to regain profitability by focusing on core payments and leveraging AI for growth.")
Paytm, under the leadership of founder Vijay Shekhar Sharma, is focusing on its core payment services while aiming for profitability. Speaking at the annual meeting, Sharma emphasized a commitment to compliance and continuous improvement in business operations. Recently, Paytm faced challenges, including a reported loss of Rs 839 crore in the first quarter of FY25 ...
During the April to July period, the growth of central government capital expenditure (capex) was sluggish, with an overall spending of only 24%. However, several ministries excelled, notably housing, roads, railways, health, and atomic energy, which all exceeded average spending rates. In contrast, the Department of Telecommunications spent just 1%, a significant drop from the ...
 "Union Finance Minister Nirmala Sitharaman announces GST relief for automotive, advertising, data hosting, and exporters, boosting growth and competitiveness.")
The Union Finance Ministry recently provided relief to several industries, including automotive, data hosting services, and advertising agencies that work with foreign clients. One key circular clarified that demo vehicles used by dealers for test drives can still qualify for GST deductions, as they support vehicle sales. Another circular recognized data hosting services provided by ...
