Sundaram Alternates Seeks Rs 1,000 Cr for Green Realty
Sundaram Alternates Assets (SAA), the private equity arm of Sundaram Finance Group, is looking to raise about Rs 1,000 crore from global investors to fund green real estate projects in India. The firm is currently in the process of raising money through its Series IV real estate credit fund, which will invest in projects that […]
Cryptocurrencies: No Underlying Value, Says RBI Official
Cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin, have been gaining popularity and value in recent years, attracting investors and enthusiasts from all over the world. However, not everyone is convinced of their merits and potential. In fact, some authorities have expressed serious concerns and criticisms about these digital assets. One of them is the Reserve […]
Two-Wheeler Market: Hero MotoCorp CEO’s Growth Forecast
The domestic two-wheeler market is expected to witness a double-digit revenue growth in the next fiscal year (FY25), according to Hero MotoCorp CEO Niranjan Gupta. He attributed this optimism to the increasing demand for premium models and an anticipated improvement in entry-level two-wheeler sales. Premiumisation of the market Gupta said that there is a shift […]
Skoda Slavia Style Edition: Luxury at Rs 19.13 Lakh
Skoda has launched a new variant of its popular sedan, the Slavia, called the Style Edition. The Style Edition is based on the top-end Style trim and comes with some exclusive features and cosmetic enhancements. It is priced at Rs 19.13 lakh (ex-showroom), which is Rs 30,000 more than the regular Style variant. What’s new […]
Hyundai EV Charging Network Expansion in India by 2027
Hyundai Motor India Ltd., the country’s second-largest car manufacturer and the largest exporter since inception, has announced the successful expansion of its ultra-fast public EV charging network across key highways and cities in India. The company has installed 11 new DC fast charging stations, each featuring three charging points with different capacities, to cater to […]
Zee Seeks ₹68.54 Cr Refund from Star India over ICC cricket rights
Zee Entertainment Enterprises Ltd (ZEEL) has filed a legal case against Star India, a subsidiary of Walt Disney, for violating the agreement of ICC cricket rights. ZEEL has demanded a refund of ₹68.54 crore from Star India, as per its Q3 financial statement. The Background of ICC Cricket Rights In August 2022, ZEEL had entered […]
RVNL record Order Book of Rs 65,000 Crore, Expands Overseas
RVNL, a public sector undertaking under the Ministry of Railways, has achieved a record order book of Rs 65,000 crore and is expanding its presence in foreign markets. The company, which is involved in project development, financing and implementation of rail infrastructure projects, has diversified its portfolio to include Vande Bharat trains, metro projects, electrification […]
Braithwaite Rs 180 Crore Railway Deal: 500 Wagons
Braithwaite & Co Ltd, a central public sector undertaking, has bagged an order worth Rs 180 crore from the railways to supply 500 BCVM-C type wagons, also known as brake vans. This is a significant achievement for the company, which has been diversifying its business portfolio and enhancing its order pipeline. What are BCVM-C type […]
Government Panel Reviews Nutraceuticals’ CDSCO Inclusion
To address the regulatory challenges and consumer safety issues in nutraceuticals, the government has formed a high-level committee under the chairmanship of Secretary, Ministry of Health to review the regulatory challenges in nutraceuticals and drugs and examine the possibility of bringing nutraceuticals under CDSCO. The committee has as its members Secretary, Ministry of Ayush, Secretary, […]
SEZs to Benefit from RoDTEP Scheme: Study
A recent study by the Global Trade Research Initiative (GTRI) has revealed that the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which provides tax refunds to exporters, may lead to overcompensation for import intensive exports from SEZs. The study also suggests that the scheme may boost the competitiveness and profitability of SEZ […]