Kala Namak Rice Export Cap Set at 1,000 Tonnes by Govt
The Indian government, steering the world’s dominant rice industry with an annual production exceeding 135.5 million tonnes , has taken a calculated step towards introducing a new contender on the international rice scene. On Tuesday, they announced a shift in policy, permitting the export of up to 1,000 tonnes of Kala Namak rice. This aromatic, […]
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 […]
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 […]
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 […]
ICICI, Axis, IIFL Back GMR’s ₹800 Cr Delhi Airport Bonds
Leading financial institutions ICICI Bank, Axis Bank, and India Infrastructure Finance Ltd (IIFL) recently subscribed to a ₹800 crore bond issuance by GMR Group’s Delhi International Airport Limited (DIAL).expand_more This joint investment signifies a growing optimism surrounding infrastructure projects in India, particularly those aligned with the ambitious ₹70 lakh crore National Infrastructure Pipeline (NIP) launched […]
IndiGo Launches Direct Flights Abu Dhabi-Kannur
IndiGo, a leading Indian airline, has set its sights on strengthening connectivity between the Middle East and South India. The carrier announced the launch of new daily non-stop flights between Abu Dhabi, the capital of the United Arab Emirates (UAE), and Kannur, a north Kerala district in India. This exciting development, set to take off […]