Indian promoters starved of capital often pledge their shares to create the foundation of new businesses or infuse equity to expand existing businesses. That’s what billionaire Gautam Adani did with…
Author: Admin
Cheaper batteries, cheaper EVs: What discovery of lithium in J&K could mean for you
On Thursday, the Ministry of Mines announced that the Geological Survey of India discovered 5.9 million tonnes of lithium, a metal used for making electric vehicle (EV) batteries, in Jammu…
SEBI to update FM Nirmala Sitharaman on Adani probe
Market regulator, Securities and Exchange Board of India (SEBI), will update the finance ministry this week on the investigation into Adani Group’s withdrawn Rs 20,000 crore follow-on public offer (FPO).…
India to soon be world’s largest defence manufacturing base, says PM Modi at Aero India 2023
Prime Minister Narendra Modi said that India will soon be the world’s largest defence manufacturing base and that the Central government aims to take India’s defence exports up to $5…
India topples France as UK’s largest Scotch whisky market
India has overtaken France to become the UK’s largest market of Scotch whisky in terms of volume with a 60 per cent hike in imports in 2022 over the previous…
Adani Group slashes growth targets amid rout sparked by Hindenburg report
India’s Adani Group has halved its revenue growth target and plans to scale down fresh capital expenditure, Bloomberg News reported on Sunday. Listed companies controlled by billionaire Gautam Adani have…
Energy transition topmost priority in every board meeting now, says Reliance’s New Energy President
Energy transition has become a topmost priority which is discussed in every ‘board meeting now’, Kapil Maheshwari, President of New Energy at Reliance Industries, said on Friday. Speaking at Business…
Why ESG is no more a buzzword in India Inc
The intensifying chorus on green financing and sustainability has jolted Indian corporates into a new reality over the past few years. The result: Buzzing activity around the adoption of environmental,…
Energy transition seen topmost priority in every board meeting now, says Reliance’s New Energy President
Kapil Maheshwari, President of New Energy at Reliance Industries says that energy transition has become a topmost priority which is discussed in every “board meeting now.” Speaking at Business Today’s…
With nearly Rs 4,000 crore in kitty, we’re are looking at acquisitions, says ABB India head
The India unit of Swedish-Swiss multinational corporation ABB has said that it is looking at acquiring smaller companies in the country to expand its business in here. And ABB India…