Myntra hit a record high in weekly active users in the week beginning May 25, as India’s consumer internet sector showed diverging trends with strong gains in e-commerce, according to…
Category: Companies
Blackstone, CPPIB-backed AirTrunk to invest over $30 bn in India’s data centres by 2030
Mumbai: AirTrunk, backed by Blackstone and Canada Pension Plan Investment Board (CPPIB), plans to invest more than $30 billion in India by 2030 to expand digital infrastructure capacity, positioning the…
Maruti Suzuki to invest ₹925 crore in green energy push by FY31
The country’s largest carmaker Maruti Suzuki India Ltd on Friday said it plans to invest Rs 925 crore by FY 2030-31 towards green energy initiatives, including two biogas projects. The…
NTPC invites bids for sub-critical thermal power to manage grid imbalances
In a significant development, state-run NTPC has floated bids for supply for electricity from thermal power plants with 150-250 megawatt (MW) capacity to balance the grid. “India’s rapid expansion of…
Bluestone eyes 5x rise in revenue as rising affluence to buoy everyday use jewellery buys
Mumbai: Jewellery retailer Bluestone aims to grow its revenue five-fold to ₹12,000 crore by FY30, betting on a rise in affluent households and a shift in luxury spending towards everyday…
Blackstone-backed Australian company AirTrunk to invest $30 billion for 5 GW digital infrastructure in India—All we know
Australia-based data centre company AirTrunk plans to invest over $30 billion (more than ₹3,000 billion) in India to develop over 5 GW of digital infrastructure capacity in the country by…
Lilly and Novo now look beyond US for obesity drug growth
Obesity patients at Juan Manuel Esparza Luna’s clinic in Chihuahua, Mexico, have options to slim down, with access to Novo Nordisk A/S and Eli Lilly & Co.’s blockbuster shots. But…
bl interview. “This is a misunderstanding” says Rajesh Mehta in response to SEBI’s interim order
Facing scrutiny over alleged fund diversion and governance lapses flagged by SEBI, Rajesh Exports Executive Chairman Rajesh Mehta has rejected all allegations, maintaining that neither company nor shareholder funds were…
HCC bags ₹127 crore Bhutan hydropower project contract
Hindustan Construction Company Ltd on Friday said it has secured a contract worth ₹127 crore from Wangchhu Hydroelectric Power Ltd (WHPL), Bhutan, for construction works related to the Wangchhu Hydroelectric…
Indian companies willing to deepen presence in Venezuela, Oil Minister Puri says
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri called on Venezuela’s Acting President Delcy Rodriguez on June 4 and reaffirmed India’s strong support for Venezuela’s energy reconstruction, noting…