Pradeep K. Sinha: ICICI Bank’s New Non-Executive Chairman
ICICI Bank, one of the leading private sector banks in India, has announced the appointment of Pradeep K. Sinha as its new Non-Executive Part-time Chairman. Sinha will take over from G. C. Chaturvedi, who will retire on June 30, 2024. Who is Pradeep K. Sinha? Pradeep K. Sinha is a former Indian Administrative Service (IAS) […]
Air India & Tata Rs 2,300 Cr Investment in Karnataka
Two companies of the Tata Group – Air India and Tata Advanced Systems Limited (TASL) – have signed pacts with Karnataka government, totalling an investment of Rs 2,300 crore. The investment will also generate employment opportunities for 1,650 people. Air India to set up MRO facility in Bengaluru Air India has proposed to establish a […]
Kant: 9-10% Growth Needed for India’s $35Tn Goal
India is on its way to become the third largest economy in the world by 2027-end, according to India’s G20 Sherpa Amitabh Kant. He said that India should aim to be a $35 trillion economy by 2047 by sustaining the growth momentum of 9-10%. He was speaking at the fifth edition of Times of India’s […]
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 […]