Adani-owned Ambuja Cements announced that it has commissioned and started power transmission from its 200 MW solar power project in Khavda. The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025, the company said in a regulatory filing.
Food delivery major Zomato on Thursday said it has received a GST demand order of Rs 401.7 crore for non-payment of the tax on delivery charges between October 29, 2019, and March 31, 2022. With the penalty and interest component of similar amount, the total tax demand is Rs 803.4 crore. This is the fourth
A plan to impose safeguard duty on steel imports is on, but the government will also address the concerns of the user industry, while taking a final call, steel minister H D Kumaraswamy said on Thursday. The minister unveiled Indian standards for green steel and hinted at incentives for the producers to encourage its production.
Real estate companies are looking to increase the number of project launches and add new cities to boost bookings in the second half of FY25, following a muted first half due to elections and other factors. Most developers are banking on geographical expansion, while others such as Sobha plan to augment the supply of mid-income
State-run upstream hydrocarbon company ONGC is looking at cost optimisation and profit maximisation, with crude oil prices hovering around a lower range. It is targeting 40 million metric tonnes of oil equivalent (mmtoe) of indigenous oil and gas output in the medium term with production to start in a clutch of new fields, Sushma Rawat
Tata Consultancy Services (TCS) announced on Thursday a five-year deal with Telenor Denmark (TnDK) to provide ITIS-managed services. The partnership entails managing TnDK’s IT infrastructure through TCS’s delivery centre in Europe. Telenor Denmark, the second-largest mobile operator in Denmark, serves over 1.6 million subscribers. Over the past six years, TCS has leveraged its machine-first delivery
The negotiations on the free trade agreement with the United Kingdom will resume by the end of January after remaining suspended since May this year because of elections in both the countries, a senior official said Thursday. “The firm date of the next round of talks has still not been communicated by the UK so
The government on Monday issued an order to include solar cells under the ambit of Approved List of Models and Manufacturers (ALMM) effective from June 1, 2026, a measure aimed to boost domestic manufacturing of solar cells and reduce dependency on Chinese imports. ALMM is a list of the models and manufacturers from which solar
If sixty is the new forty, the travel industry is making the most of it, offering curated packages for the sexagenarians, septuagenarians and even octogenarians. From cruises to skiing, Europe to Japan, there is something for everyone, even a trip to Antarctica. Booking.com’s Travel Predictions 2025 suggest baby boomers (those born between 1946 and 1964)
Contract manufacturing marketplace Zetwerk Manufacturing Businesses is eyeing an initial public offering (IPO) within the next 15 to 24 months, a senior company official said. “I don’t know if it (IPO) will happen this year. We are looking to file. We are doing all the preparation work, but I think 15 to 24 months is
The Bureau of Indian Standards (BIS) has conducted raids on warehouses operated by major e-commerce platforms, including Amazon and Flipkart, resulting in the seizure of thousands of uncertified consumer products, according to the consumer affairs ministry. Key seizures from Amazon and Flipkart On March 7, BIS officials raided an Amazon warehouse in Lucknow, confiscating 215
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
