 "Amazon India gears up for the festive season with enhanced logistics, promising unprecedented speed and service amidst soaring demand.")
Amazon India is enhancing its logistics network for the festive season by partnering with Indian Railways, India Post, and airlines to ensure fast deliveries. Abhinav Singh, VP of Operations, emphasized their commitment to speed, stating that they aim to be quicker than ever before. Recent agreements with Indian Railways have expanded their network to over ...
 "India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.")
India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...
 "PhysicsWallah secures 0M funding, soaring to a .8 billion valuation, igniting hope in India’s struggling edtech landscape.")
PhysicsWallah, the renowned edtech unicorn founded by Alakh Pandey, has successfully raised $210 million in a recent funding round led by Hornbill Capital. This investment boosts the company’s valuation to an impressive $2.8 billion, a 2.5 times increase from its previous valuation of $1.1 billion. The latest funding comes at a challenging time for the ...
 "Gaurs Group prepares for an IPO amid soaring demand, fueled by a record-breaking luxury housing project launch.")
Gaurs Group is set to launch its Initial Public Offering (IPO) within the next 18 months, aiming to expand its operations in response to strong consumer demand. The company’s Chairman, Manoj Gaur, announced plans to grow its housing project development across the Delhi-NCR region. Following the successful launch of a luxury housing project in Ghaziabad ...
 "PMEA Solar prepares for a dramatic IPO, seeking Rs 600 crore to expand manufacturing and repay debt amid soaring revenues.")
PMEA Solar Tech Solutions Ltd has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). The IPO aims to raise Rs 600 crore through a fresh issue, along with an offer to sell 11.24 million shares from existing promoters. The funds will be used for capital investments, including ...
 "Tamil Nadu’s electronics boom intensifies with Jabil’s Rs 2,000 crore investment, creating 5,000 jobs amid soaring iPhone exports.")
Tamil Nadu is becoming a major hub for electronics manufacturing, driven by a significant investment from Jabil Inc., which plans to establish a new facility in Tiruchirapalli. This investment of Rs 2,000 crore will create approximately 5,000 jobs, marking Jabil as the fourth Apple supplier in the state, alongside Foxconn, Pegatron, and Tata Electronics. Recently, ...
 "Union Minister K Rammohan Naidu pledges support for struggling SpiceJet amidst soaring demand in India’s airline industry.")
Union Minister K Rammohan Naidu has addressed the challenges faced by SpiceJet, emphasizing the government’s commitment to ensuring a balance in aviation operations amid rising demand in India. The airline is currently under increased scrutiny due to its financial and legal difficulties, with the Directorate General of Civil Aviation implementing enhanced surveillance measures. Naidu highlighted ...
 "Karnataka cities face alarming air pollution levels, with PM2.5 soaring six to seven times above WHO guidelines, raising serious health concerns.")
A recent Greenpeace India report highlights alarming air quality issues in three major Karnataka cities: Bengaluru, Mangaluru, and Mysuru. The findings indicate that particulate matter (PM2.5 and PM10) levels in these cities are significantly higher than the World Health Organization’s guidelines. In areas like Hyderabad and Chennai, PM2.5 levels are six to seven times above ...
 "Interest rate cuts may delay cash movement; Treasury yield inversion persists despite a positive gap, keeping money market assets soaring.")
The gap between two-year and 10-year Treasury yields has turned positive for the first time in about a month, according to analysts at JPMorgan. Despite potential interest rate cuts, investors are unlikely to quickly move away from shorter-dated government bonds, which currently offer attractive yields above 5 percent. The yield curve remains inverted in some ...
 "Raymond’s Bold Transformation: Demerger Plans Spark Soaring Shareholder Value")
Gautam Singhania, the chairman and managing director of Raymond, emphasized that shareholder value is central to the company’s upcoming demerger plans. Speaking at a press conference, he announced the impending listing of Raymond’s lifestyle division on the stock Market and the planned separation of the real estate business next year. In 2024, Raymond’s stock has ...
