Reliance Invests in Adani’s Power Project: Ambani-Adani Alliance
The Indian business landscape witnessed a historic shift on March 28, 2024, as Reliance Industries (RIL), led by Mukesh Ambani, acquired a 26% stake in a specific 500 MW unit of a 1,000 MW power project owned by Gautam Adani’s Adani Power Ltd. This Madhya Pradesh project, under Mahan Energen Ltd, marks the first-ever collaboration […]
NTPC Secures JBIC Loan for $200M Renewable Projects
State-owned power giant NTPC has ignited its renewable energy ambitions with a strategic $200 million loan agreement from the Japan Bank for International Cooperation (JBIC). This financing marks a substantial leap forward in NTPC’s diversification plans, transitioning from its traditional reliance on coal-fired power generation. The loan is expected to propel NTPC’s renewable energy project […]
LIC Crowned World’s Strongest Insurance Brand by Brand Finance
The Life Insurance Corporation of India (LIC) has rewritten insurance history by claiming the title of the world’s strongest insurance brand in the recently published Brand Finance Insurance 100 2024 Deciphering Brand Strength: Beyond the Numbers While a steady brand value of USD 9.8 billion showcases LIC’s financial stability, true strength lies in its exceptional […]
Starcharge Energy, Uno Minda Team Up for EV Charger Venture
Indian auto component giant, Uno Minda, has struck a strategic partnership with Starcharge Energy, a global leader in EV charging technology with a presence in 67 countries and manufacturing facilities in the US, Vietnam, and China. This collaboration marks a significant step towards bolstering India’s domestic EV charging infrastructure, with a specific focus on manufacturing […]
Reliance Industries Signs PPA with Adani Power Subsidiary
In a move that sent ripples through the Indian business landscape, Adani Power announced that its subsidiary, Mahan Energen Limited (MEL), signed a long-term Power Purchase Agreement (PPA) with Reliance Industries Limited (RIL) . This strategic partnership, finalized on March 27, 2024, guarantees a stable supply of 500 megawatts (MW) of power to Reliance Industries […]
Adani Ports Buys 95% Stake in Gopalpur Port
India’s port sector is undergoing a significant transformation, with Adani Ports and Special Economic Zone (APSEZ) emerging as a clear frontrunner. To solidify its leadership position, APSEZ has inked a strategic deal to acquire a commanding 95% stake in Gopalpur Port, located in Odisha. This decisive move, valued at a total enterprise value of Rs […]
Adani Power’s Acquisition of Lanco Amarkantak Gets CCI Nod
The Indian thermal power market witnessed a major shakeup on March 26, 2024, as the Competition Commission of India (CCI) approved Adani Power Limited’s acquisition of Lanco Amarkantak Power Limited. This move signifies a strategic step by Adani Power to solidify its position as a dominant player within the sector. Lanco Amarkantak’s Insolvency Paves the […]
Reliance Power Units Settle Rs 1,023-cr Debt
Reliance Power’s pedal is firmly on the gas as it races towards its goal of achieving zero debt by March 31, 2024. The company announced a significant milestone on March 27, 2024, with the settlement of Rs 1,023 crore debt by two of its subsidiaries, Kalai Power Pvt Ltd and Reliance Cleangen Ltd. This settlement […]
Amul Expands: Fresh Milk Launch in US
Amul, a cornerstone of Indian kitchens and a cultural icon recognized for its delectable dairy products and quirky advertisements, has embarked on a significant journey towards global expansion. In a historic first, the Gujarat Cooperative Milk Marketing Federation (GCMMF), the force behind the Amul brand, is launching its fresh milk products in the United States. […]
Tech Mahindra, IBM Team Up for Digital Progress
Tech Mahindra, a leading provider of digital transformation services with a revenue of $6.3 billion (FY2023), and tech giant IBM, boasting a global footprint and cloud revenue exceeding $20 billion (2023), have announced a groundbreaking collaboration valued at over $1 billion. This strategic alliance aims to propel digital adoption among enterprises in the dynamic Asia-Pacific […]