Potential Nykaa Block Deal: Lexdale International’s Plan to Offload 2.62 Crore Shares
Nykaa, the online retailer of beauty brands, may witness a major block deal on Friday, January 12, 2024, as Lexdale International, one of its investors, is likely to sell 2.62 crore shares of the company, according to sources. The total value of the deal is estimated at ₹490 crore, and the floor price for the […]
TCS Unveils the Factors Keeping Fresher Salaries at ₹3-4 Lakhs for Years
Tata Consultancy Services (TCS), India’s largest IT services company, has revealed the reasons behind the stagnant salaries of freshers in the industry for many years. In an interview with CNBC TV18, TCS’ chief human resources officer (CHRO) Milind Lakkad, said, “We are paying based on the talent and we encourage people to come at different […]
Inside TCS: A Look at AI Progress, Fresher Compensation, and the Quest for the ‘Good Old Days
Tata Consultancy Services (TCS) is India’s third largest IT services company and one of the leading players in the global market. The company has been delivering strong performance and growth in the past few years, despite the challenges posed by the COVID-19 pandemic and the changing industry dynamics. In this article, we will take a […]
SME Portfolio Boosts MAS Financial’s AUM to Over ₹10,000 Crore
Overview of MAS Financial’s Milestone Achievement MAS Financial Services Ltd., an established non-banking financial company in India, has recently achieved a significant milestone. The company’s consolidated Assets Under Management (AUM) crossed the ₹10,000 crore mark during the quarter, standing at approximately ₹10,225 crore as of December 31, 2023. This marks a notable year-on-year growth of […]
IPM’s Expansion: 100 New Fuel Outlets Starting in Assam
Indo Petroleum Marketing (IPM), a Delhi-based start-up company, has announced its plans to set up 100 fuel retail outlets across India in the next five years, starting from Assam. The company has been granted transportation fuel retail marketing authorization by the Ministry of Petroleum and Natural Gas of the Government of India under its revised […]
Project Sparsh: A Sensory Art Initiative by Asian Paints and St+art India at Rajasthan Netraheen Kalyan Sangh School, Jaipur
Introduction Art connects people through thoughts and feelings that cannot be expressed in words. While most art is visually captivating, there are few artworks that bring the beauty and joy of art to people who cannot see them. This is the idea behind Project Sparsh, an initiative launched by Asian Paints and St+art India Foundation. […]
India on the Move: An In-depth Report on the Expansion of Railways, Highways, and Aviation
India, the fifth-largest economy in the world, may become the third biggest by 2030, overtaking Germany and Japan. Prime Minister Narendra Modi has made it a top priority for his government to boost infrastructure, but challenges abound. This report examines the progress and prospects of three key sectors: railways, highways and aviation. Railways: Speeding up […]
Grew Energy Invests Rs 3,800 cr for Solar Unit in Dholera, Gujarat
Introduction In a significant development for India’s renewable energy sector, Grew Energy has announced a major investment in Gujarat. The company has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to set up a solar component manufacturing unit in Dholera. This investment, worth Rs 3,800 crore, marks a substantial step towards enhancing […]
Shipping Ministry Inks Deals Worth Rs 30,000 Cr at Vibrant Gujarat Summit
Vadhavan Port Project The Ministry of Ports, Shipping, and Waterways (MoPSW) on Thursday said it has signed initial agreements for investments worth Rs 30,000 crore during the Vibrant Gujarat Global Summit 2024. In a statement, the ministry said during the event APM Terminals and Jawaharlal Nehru Port Authority (JNPA) signed Memorandum of Understanding (MoUs) worth […]
UltraTech Cement Invests Rs 49 Cr to Secure 26% Stake in Amplus Ages Introduction UltraTech Cement, a leading cement maker and a part of the Aditya Birla Group, has announced the acquisition of 26% stake in Amplus Ages Pvt Ltd, a renewable energy company, by investing Rs 49 crore. The deal is expected to help […]