Adani Ports and Special Economic Zone (APSEZ) on Monday announced that it handled 36 MMT of cargo during November 2024. The growth in cargo, it added, was primarily driven by containers, which was higher by 21 per cent in comparison to the same period of last year. On a year-to-date (YTD) basis, Adani Ports handled
Sterling and Wilson Renewable Energy Limited (SWREL) on Monday announced that it has received a new domestic order from a Private IPP. In a regulatory filing, the company said that it has received the LOA for Supply, Installation and Commissioning of a 305 MW AC / 396 MWp DC PV plant for a PV project
As it diversifies its digital portfolio, Tata Communications has been growing its products and services across verticals like media and entertainment. Amur Lakshminarayanan MD & CEO, tells Urvi Malvania that core digital services like network transformation and CPaaS services will continue to evolve as the business environment changes and enterprises adopt cloud. Excerpts: How are
Facing the prospect of missing its target for capex loans to states due to delays in launching the programme, the Centre has fast-tracked disbursements under the Rs 1.5 lakh crore, 50-year interest-free capex loan scheme to stimulate economic activity and job creation. A senior official told FE that, so far in FY25, the Centre has
The Centre’s move of levying a higher 28% goods and services tax (GST) on online gaming companies a year ago has taken away 20-25% margins of such firms, pushing them into losses, Head Digital Works founder and CEO Deepak Gullapalli told FE. Before October last year, online gaming firms were paying an 18% GST on
Fast-moving consumer goods (FMCG) companies continued to see sluggish growth in October-November, led largely by an urban slowdown. While most company executives that FE spoke to said they expect a turnaround in market growth rates by March-April next year, they added that the picture is dismal for now. “There is not much of a demand
Religare Enterprises has received warning letters from stock exchanges for delaying the disclosure of Reserve Bank of India’s (RBI) refusal for appointment of Rakesh Asthaana as additional director. The company had received a letter dated May 15 from the central bank, advising its refusal for appointment of Rakesh Asthaana as additional director on the board
Gautam Adani, chairman of the energy-to-infrastructure Adani Group, on Saturday held forth on challenges his conglomerate was facing amid allegations of bribery and fraud pertaining to Adani Green Energy. In his first public event since the indictment by the US Department of Justice and the Securities Exchange Commission (SEC), Adani, 62, said every attack made
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
Gold prices have reached an unprecedented milestone, surpassing $3,000 an ounce for the first time in history. This surge is largely fuelled by a vigorous buying spree by global central banks, states Bloomberg. Since Russia’s 2022 invasion of Ukraine, central banks have increasingly turned to gold to diversify reserves and reduce dependency on the US
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
