Adani Green Energy on Saturday incorporated a new wholly owned subsidiary — Adani Green Energy Sixty Eight Limited. The authorised capital and paid-up capital of AGE68L is kept at Rs 1,00,000. Adani Renewable Energy Holding Nine Limited, a wholly-owned subsidiary of the company, has incorporated a wholly-owned subsidiary, namely, Adani Green Energy Sixty Eight Limited
By Amit Gupta The world’s fastest-growing economy is clearly in a hurry. The convergence of demand and digital infrastructure has come at the right time, satiating the appetites of millions and driving consumption to unprecedented levels. One unmissable sign of this trend is the rise of quick or ‘instant’ commerce. India’s tryst with quick commerce
By Krishna Barot | Mukesh Jagota Being at once import-intensive and export-oriented, the gems and jewellery industry can withstand the current fall of the rupee, but have serious concerns about the continued sluggishness in demand from key export markets. In the major industry clusters, capacity utilisation has plummeted to abysmally low levels. The depreciation of
The liberal use of threats of tariffs by US President elect Donald Trump before his inauguration in January puts all forecasts of how world trade would shape up in the coming year difficult but Indian exporters are mostly positive about the prospects and their biggest worry stems from demand slowdown in bigger markets. The World
Apple iPhone supplier Wistron has approved an initial investment of $20 million in one of its subsidiaries to construct a new factory line in Karnataka, laying the foundation to support its upcoming laptop manufacturing plant in India. The company’s latest regulatory filings, accessed by FE, shows that Wistron’s board has approved a $20 million investment
JSW Neo Energy, a wholly owned subsidiary of JSW Energy, on Friday signed a definitive agreement to acquire 4.7 gigawatt (GW)from O2 Power for a total enterprise value of Rs 12,468 crore. The transaction entails acquisition of O2 Power Midco Holdings and O2 Energy SG and is subject to approval of the Competition Commission of
Max Estates 128 Private Limited, a wholly owned subsidiary of Max Estates Limited, on Friday announced the launch of Phase II of Estate 128, Noida. Estate 128 – II, it added, is registered with UP RERA and comprises the 4th tower, further expanding the community of the first 3 towers, launched in July 2023. In
Dr Manmohan Singh death: India Inc on Friday paid tributes to Late former Prime Minister Dr Manmohan Singh, who passed away on December 26, 2024 at the age of 92 following age-related ailment. Dr Singh breathed his last at Delhi’s AIIMS hospital. According to an official statement from AIIMS, Dr Singh suffered a sudden loss
The Indian equity market has witnessed growing turbulence, with steep fluctuations in benchmark indices and sectoral fluctuations. They include persistent geopolitical uncertainty, rising crude oil prices, heavy selling by FIIs and fear of global recession that have created a questionable investment environment. Given the challenging conditions, some mutual fund managers have taken a cautious approach
The Central Board of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review. In a release, the CBDT said an effort is underway to collect inputs and work on simplification of
After a 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions. The broader indices, which had fallen up to 24% from their peak levels, also gained around 3%, providing much-needed relief to investors. However, the key question remains: Will this recovery sustain? Experts are divided. While
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
