Cipla Targets Acquisitions, Partnerships in US Market
Cipla, one of the leading pharmaceutical companies in India, is looking for opportunities to expand its presence in the US market through acquisitions and inorganic partnerships. The company is also focusing on improving its top line growth in Europe and margin expansion in South Africa. The US market is a key strategic area for Cipla, […]
Government and Industry: PLI Schemes in Focus
The Production Linked Incentive (PLI) schemes are a key initiative of the Indian government to boost domestic manufacturing and exports in various sectors. The schemes aim to create national manufacturing champions, generate employment, enhance innovation and reduce import dependence. Here are some of the highlights of the PLI schemes and their impact on the economy. […]
Ambani: No.2 Globally in 2024 Brand Guardianship Index
Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd, has been ranked as the top Indian and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance. The index recognises CEOs who effectively build business value while considering the interests of all stakeholders, including employees, investors, and society at large. Ambani […]
Adani’s USD 1.2 Bn Copper Plant to Boost India’s Metal Production
India is set to witness a surge in its domestic copper production as the Adani Group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat. The plant will help reduce India’s dependence on imports and support the country’s energy transition. Why is copper important for India? Copper is the third most […]
SpiceJet to Connect More Tourist Places Post Ayodhya
SpiceJet, one of India’s leading low-cost airlines, has announced its plans to connect more tourist and religious places in the country, following the launch of its flights to Ayodhya, the holy city of Lord Rama. Ayodhya flights On February 1, 2024, SpiceJet inaugurated its direct flight service connecting Ayodhya with eight cities: Delhi, Chennai, Ahmedabad, […]
IKEA’s Next Investment Phase in India
IKEA, the Swedish furniture retailer, is looking at the next round of investment in India after fulfilling its commitment of Rs 10,500 crore when it entered the country 10 years back, according to the company’s India CEO Susanne Pulverer. The company, which kicked off its retail operations in India with the opening of its first […]
SIAC Dismisses Sony’s Petition Against Zee
The Singapore International Arbitration Centre (SIAC) has rejected the emergency arbitration petition filed by Sony Group against Zee Entertainment Enterprises over their failed merger, citing lack of jurisdiction. The petition was filed after Sony terminated the merger agreement that would have created a $10 billion entertainment giant in India. Background of the merger Sony Pictures […]
Tata Steel Pledges GBP 130-mn for UK Steel Workers
Tata Steel, the largest steel producer in the UK, has pledged to invest GBP 130 million in a fund to support its workers who will be affected by the restructuring of its operations in Port Talbot, Wales. The fund is part of a deal with the UK government, which will provide up to GBP 500 […]
Why Did RBI Ban Paytm Payments Bank? An Analysis
Paytm Payments Bank, a subsidiary of One 97 Communications Limited, has been barred by the Reserve Bank of India (RBI) from accepting deposits or top-ups to its accounts and services due to “persistent non-compliance and continued material supervisory concerns in the bank”. The ban will be effective from February 29, 2024 and will also prevent […]
CAIT’s Advice: Switch from Paytm Amid RBI Action
The Confederation of All India Traders (CAIT) has issued a cautionary advisory to traders and users of Paytm to switch to other payment options for business-related transactions following the RBI curbs on Paytm wallet and bank operations. The RBI has ordered Paytm Payments Bank Ltd (PPBL) to halt most of its business activities due to […]