The Dual Narrative of Adani: Bond Buybacks and Moody’s Negative Ratings
Moody’s Investors Service has recently altered its outlook on four companies within the Adani Group, shifting from ‘stable’ to ‘negative’. This change in outlook affects Adani Green Energy, Adani Green Energy Restricted Group, Adani Transmission Step-One, and Adani Electricity Mumbai
Decline and Fall: The Story Behind the Calcutta Stock Exchange Shutdown
In 2008, SEBI issued guidelines to provide an exit option for regional stock exchanges that did not meet certain criteria, including a yearly turnover of less than ₹1,000 crore and a net worth less than ₹100 crore.
Expanding Boundaries: TEC’s Vision for India and the Middle East
TEC has invested over INR 100 Crore in the first half of 2023, with the signing of eight new centres across major cities in India, including Bengaluru, Delhi, Gurugram, Mumbai, and Hyderabad.
India’s Proactive Move to Secure Critical Minerals for EV Industry: A Strategic Partnership with Australia
NMDC Ltd, an Indian iron ore miner, is actively exploring lithium reserves approximately 200 km off Perth, Australia. NMDC, the majority owner of a mine located in Mt Bevan in Australia, is hoping to commence mining within two years.
Driving Comfort vs. Cost: The Debate Over AC Cabins in Trucks
Implementing AC cabins in trucks comes with an immediate financial burden. The additional cost for equipping a single truck with an AC cabin ranges between Rs 10,000 to 20,000. This cost might seem manageable per vehicle, but it can accumulate to a substantial amount for operators with large fleets.
One Country, One Price: Maersk’s Game-Changing Strategy in Indian E-Commerce
The Indian e-commerce market shows immense potential, highlighted by the India e-Conomy Report 2023. The report reveals that Indians spend an average of 6.5 hours per day online, with 220 million online shoppers recorded between May 2022 and May 2023. Additionally, there are 700 million internet users in India, half of whom use digital payments.
Mega Merger: UltraTech’s Strategic ₹7,600 Crore Takeover of Kesoram’s Cement Unit
The deal is valued at an enterprise value of ₹7,600 crore. This all-stock mega deal includes the transfer of a manufacturing facility in Telangana to Birla and is a strategic move to accelerate UltraTech Cement’s goal of achieving a capacity of 200 million tonnes in India.
Genesys International’s Groundbreaking Journey in Creating India’s Advanced Map Stack
Genesys International, a prominent Indian mapping company, has embarked on a transformative journey to propel the development of India’s first comprehensive map stack.
The Future is Electric: India’s Push for EV Insurance Coverage
The National Electric Mobility Policy 2025 aims for EVs to comprise 30% of new private vehicle registrations, translating to approximately 80 million EVs, by 2030. The market for EVs in India is projected to grow by 47.09% between 2022 and 2027.
“Siemens AG’s ₹18,928 Crore Investment Reinforces Commitment to Indian Subsidiary
This transaction involves purchasing the stake from Siemens Energy for a sum of ₹18,928 crore, calculated at ₹2,952.86 per share. Notably, this acquisition price reflects a 15% discount on the average share price, amounting to approximately 2.1 billion euros or $2.28 billion.