Mukesh Ambani, Gautam Adani exit $100 billion club: With various business challenges looming over two of the biggest conglomerates in India – Adani Group and Reliance Industries, the country’s wealthiest billionaires and among Asia’s richest people, Reliance CMD Mukesh Ambani and Adani Group Chairman Gautam Adani, have both dropped out of the Bloomberg’s $100 billion
India’s office leasing market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83–85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday. The growth is primarily attributed to strong demand from sectors such as IT-BPM (information Technology
Lubrizol Corporation, a Berkshire Hathaway company and a specialty chemical firm has big plans for India. Close on the heels of its $350 million investment in the country, the company specialising in delivering sustainable solutions aims to double its business in India over the next five years and actively expanding its global capability center in
The Bombay High Court on Monday dismissed a petition challenging a contract awarded by the Maharashtra government to Adani Group for supply of renewable and thermal power electricity, noting the plea was “unsubstantiated and reckless”. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar also imposed a cost of Rs 50,000
Sterlite Power on Monday said it has raised Rs 725 crore in a primary fundraising round from GEF Capital Partners and ENAM Holdings. As part of Sterlite Power’s demerger exercise, the Global Products and Solutions (GPS) business was hived out as an independent company in October 2024, a company statement said. Also ReadGoogle appoints Preeti
Google has appointed Preeti Lobana as the new Country Manager and Vice President for India. Lobana takes over from Sanjay Gupta, who has been promoted to President of the Asia Pacific region at Google. This move is part of Google’s strategy to further enhance its presence in India’s rapidly growing digital economy and leverage the
Waaree Energies on Monday announced that the company has received two projects aggregating 398 MW, for the supply of solar modules. The orders are for projects of 249 MW and 149 MW respectively. In a regulatory filing, Waaree Energies said, “The company has today received orders for 2 projects aggregating 398 MW, for the supply
Founder and Chief Executive Officer (CEO) of Bombay Shaving Company, Shantanu Deshpande has raised concerns over growing addiction of quick food delivery in India and called it a health epidemic in making. In a LinkedIn post, Shantanu Deshpande said, “We are suffering from the biggest epidemic of poor nutrition and unhealthy processed and ultra processed
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
