Business Archives - Page 3 of 48

Gautam Adani Hails Congress Reforms and Modi’s Tenure as Catalysts for India’s Economic Ascent

Gautam Adani, Chairman of the Adani Group, recently praised the economic reforms of 1991, initiated during the Congress rule, as the crucial foundation of India’s economic progress. He referred to the post-2014

June 20, 2024

Business

Advisory Firm Urges Shareholders to Oppose Gautam Singhania’s Reappointment to Raymond’s Board

A prominent proxy advisory firm has advised shareholders of Raymond Ltd., the renowned textile and fabric manufacturer, to vote against the reappointment of Chairman and Managing Director Gautam Singhania to the company’s

June 19, 2024

Business

Budget 2024: Positive Industry Feedback on MSME 45-Day Payment Rule

The Ministry of Micro, Small and Medium Enterprises (MSME) has garnered favorable feedback from industry stakeholders regarding the recently introduced 45-day payment cycle for MSMEs. This update, announced as part of Budget

June 19, 2024

Business

US Cotton Industry Urges Removal of 11% Import Duty on Short Staple Cotton to Boost Indian Textile Sector

The US-based Cotton Council International has called on the Indian government to eliminate the 11% import duty on short staple cotton, aiming to reduce costs and support the Indian textile industry. Despite

June 19, 2024

Business

Abhijit Dubey Appointed as CEO of NTT DATA’s Global Operations

Japanese business and technology services firm NTT DATA has appointed Abhijit Dubey as the new Chief Executive Officer (CEO) of its operations outside Japan. This announcement follows the recent merger between NTT

June 18, 2024

Business

Mahindra Group Eyes Global Partnerships to Manufacture EV Batteries in India

Mahindra Group, a prominent player in India’s automotive industry, is actively seeking partnerships with global companies to locally manufacture electric vehicle (EV) batteries. This strategic move aligns with Mahindra’s broader vision to

June 18, 2024

Business

IFC Commits $105 Million to Brookfield’s Bikaner Solar Power Project

The International Finance Corporation (IFC), the private sector financing arm of the World Bank Group, has announced a significant commitment of $105 million (approximately Rs 870 crore) to Brookfield’s Bikaner Solar Power

June 17, 2024

Business

Zomato and Paytm Engage in Acquisition Talks for Movie and Events Business

Zomato, the food delivery giant, and fintech leader Paytm have confirmed ongoing discussions for a potential acquisition of Paytm’s movie and event ticketing business. Both companies disclosed this development in regulatory filings

June 17, 2024

Business

Mahindra Lifespace Targets Rs 8-10K Crore Sales in Housing and Industrial Sectors by 2028

Mahindra Lifespace Developers Ltd, a prominent real estate and infrastructure firm based in Mumbai, has set an ambitious goal to significantly boost its annual sales of housing properties and industrial spaces. The

June 17, 2024

Business

Vedanta’s Strategic Path to Achieving $10 Billion EBITDA

Vedanta Group, a leading mining conglomerate, is on a strategic path to achieving a near-term EBITDA of $10 billion. This ambitious goal will be driven by the timely execution of over 50

June 17, 2024

Business

Business - Page 3