HDFC Bank Plans Sale of HDFC Education
HDFC Bank is undergoing a strategic transformation through targeted divestments. In March 2024, the bank finalized the sale of a majority stake in HDFC Credila, its education loan arm, to a consortium of private equity firms for ₹9,553 crore. This move follows an earlier directive by the Reserve Bank of India (RBI) for HDFC Bank […]
Luminous Opens Solar Panel Factory in Uttarakhand
Luminous Power Technologies, a frontrunner in energy solutions, has cemented its commitment to a sustainable future with the grand opening of its technologically advanced solar panel manufacturing facility in Rudrapur, Uttarakhand. This momentous occasion, announced on March 28, 2024, marks a significant turning point for both the company and the Indian solar power landscape. A […]
Exporters Advocate 45-Day Rule Exemption for MSEs
Indian exporters are facing a perfect storm. A recent regulation aimed at aiding domestic businesses is instead creating a cash crunch that threatens their ability to compete on the global stage. The culprit? Section 43B(h) of the Income Tax Act 2023, which mandates a strict 45-day payment window for goods and services procured from Micro, […]
Adani Bounces Back with Rapid Expansion Post Hindenburg
Fourteen months after facing serious accusations of accounting fraud and stock manipulation by Hindenburg Research, the Adani Group appears to be back on track. Recent developments indicate a renewed focus on rapid expansion, marked by a flurry of strategic investments across various sectors. Weathering the Hindenburg Storm In January 2023, Hindenburg Research released a report […]
Royal Orchid Hotels to Expand with 35 New Properties
Royal Orchid Hotels, a leading Indian hospitality chain, is making a bold move to solidify its dominance in the domestic market. The company, led by Chairman and Managing Director Chander K Baljee, recently unveiled ambitious expansion plans for the upcoming fiscal year (FY25). The strategy involves adding a staggering 30-35 new properties across India, translating […]
Vikas Organics Wins ₹165M Order – Details Inside
In a significant development for the Indian specialty chemicals sector, Vikas Ecotech’s subsidiary Vikas Organics has secured its largest-ever export order, valued at approximately Rs 165 million (USD $2 million based on current exchange rates). This news comes just weeks after Vikas Ecotech’s strategic acquisition of Vikas Organics, a company specializing in plasticizer production, for […]
GOCL, Squarespace Collaborate on Kukatpally Land for ₹3,402
In a significant development for Hyderabad’s real estate market, Hinduja Group’s GOCL Corporation Limited (GOCL) announced a strategic pact with Squarespace Builders for the monetization of a massive land parcel in Kukatpally. The deal, valued at a staggering ₹3,402 crore, marks a major boost for GOCL’s asset portfolio and is expected to have a ripple […]
Kia India Eyes 700 Sales, Service Points by Year-end
Kia India, the automaker behind popular models like Seltos and Sonet, is charting an aggressive course for growth in the Indian market. The company recently announced a significant expansion plan for its sales and service network, aiming to reach a staggering 700 touchpoints spread across 300 Indian cities by the end of 2024. This ambitious […]
TCS Under Fire: Americans Replaced by Indian H-1B Workers
Tata Consultancy Services (TCS), a titan of the Indian IT services industry, is facing a legal firestorm in the US. A wave of complaints has hit the company, with over 22 former TCS employees alleging age and race discrimination. These plaintiffs, ranging from Caucasian, Asian-American, and Hispanic professionals in their 40s to 60s, have filed […]
L&T Finance Holdings Gets RoC Nod for Name Change
Marking a significant chapter in its post-merger journey, L&T Finance Holdings, a leading non-banking financial company (NBFC) in India, has officially transitioned to a new identity – L&T Finance Ltd. The company secured the name change after receiving approval from the Registrar of Companies (RoC) on March 28, 2024. New Name Signals Streamlined Operations This […]