Bank of India’s Bold Move: Higher Interest Rates for Fixed Deposits
The Bank of India, a prominent public sector bank in India, has recently revised its fixed deposit interest rates across various tenures. This change is significant for both regular and senior citizen customers.
Aster DM’s Gulf Exit and Fortis’s Strategic Sale: A Turning Point in Indian Healthcare
The deal includes the acquisition of a 65% stake in the Gulf business by a consortium led by Fajr Capital. The Moopen family retains 35% in the newly formed Alpha GCC Holdings Ltd.
GAIL vs. SEFE: A $1.8 Billion Conflict Over LNG Contracts
GAIL (Gas Authority of India Limited), the state-owned gas utility of India, has filed an arbitration claim against SEFE Marketing & Trading Singapore Pte Ltd, a former unit of Russian energy giant Gazprom, seeking damages amounting to $1.817 billion.
A Financial Triumph: REC Exceeds Rs 1 Lakh Crore in Loan Disbursements
For the first time in the company’s history, REC has surpassed the milestone of Rs 1 lakh crore in loan disbursements during the April-November period of this fiscal year. This is a substantial increase compared to the Rs 46,075 crore disbursed in the same eight-month period in the previous fiscal year (2022-23).
The Cost of Mobility: Impact of Increased Railway Freight Rates on Automobiles
This revision has increased the freight rates by 20% for the movement of Bogie Covered Autorake Double Decker Wagon (BCACBM) from the current financial year. Prior to this change, rail freight rates had remained stable for a decade, providing stable costs for the industry.
Garuda Aerospace: Charting a New Course with Upcoming IPO
This follows the trend of other drone companies that have recently had successful IPOs. Garuda Aerospace is supported by high-profile backers, including former Indian cricket captain Mahendra Singh Dhoni.
UDAN Scheme’s Budgetary Wingspan: MoCA’s Vision for Enhanced Regional Flights
The Ministry of Civil Aviation has sought a budgetary allocation of Rs 1,500 crore for the UDAN scheme in FY25. This figure represents a 25% increase from the previous year’s allocation.
Kross Ltd’s Bold Step into Public Markets with Rs 500 Crore IPO
Kross Ltd’s decision to go public with a Rs 500 crore IPO is a testament to its growth trajectory and future ambitions. This move not only signifies a new phase of growth for the company but also offers investors a chance to be part of Kross’s promising journey.
India’s Digital Payment Revolution: UPI Records ₹17.40 Lakh Crore in Transactions
. Furthermore, a report by PwC India suggests that UPI could dominate the retail digital payments landscape, accounting for 90% of total transaction volumes over the next five years and potentially reaching 100 crore transactions per day by FY27.
Actis’ BluPine Energizes India’s Solar Sector with ₹2,100 Crore Atha Acquisition
Actis has committed a substantial investment of up to US$800 million in BluPine through its Energy 5 Fund, which totals US$6 billion of investable capital. This fund focuses on global energy transition opportunities, underlining Actis’ dedication to sustainable investments on a global scale.