Leading the Green Revolution: IIT Kanpur and Kotak Bank’s Sustainable School Initiative
This collaboration between Kotak Mahindra Bank and IIT Kanpur is a significant milestone in India’s journey towards sustainable development and aligns with the nation’s broader goals of achieving long-term sustainable growth and meeting its net-zero target by 2070.
BEL Clinches Rs. 4878 Crore Defense Contract, Boosting ‘Atmanirbhar Bharat’ Initiative
The contract, valued at a remarkable Rs. 4,522 Crore, signifies a major leap forward in the indigenization of defense technology under the ‘Atmanirbhar Bharat’ initiative. This news marks a significant milestone in India’s journey towards self-reliance in defense manufacturing.
Rising Seas of Cost: How Red Sea Attacks Affect India’s Export Economy
Agricultural exports are expected to face a downturn of about $5 billion, primarily due to the Modi government’s restrictions on rice, wheat, and sugar exports, aimed at curbing domestic inflation.
The Dual Narrative of Adani: Bond Buybacks and Moody’s Negative Ratings
Moody’s Investors Service has recently altered its outlook on four companies within the Adani Group, shifting from ‘stable’ to ‘negative’. This change in outlook affects Adani Green Energy, Adani Green Energy Restricted Group, Adani Transmission Step-One, and Adani Electricity Mumbai
Decline and Fall: The Story Behind the Calcutta Stock Exchange Shutdown
In 2008, SEBI issued guidelines to provide an exit option for regional stock exchanges that did not meet certain criteria, including a yearly turnover of less than ₹1,000 crore and a net worth less than ₹100 crore.
Expanding Boundaries: TEC’s Vision for India and the Middle East
TEC has invested over INR 100 Crore in the first half of 2023, with the signing of eight new centres across major cities in India, including Bengaluru, Delhi, Gurugram, Mumbai, and Hyderabad.
One Country, One Price: Maersk’s Game-Changing Strategy in Indian E-Commerce
The Indian e-commerce market shows immense potential, highlighted by the India e-Conomy Report 2023. The report reveals that Indians spend an average of 6.5 hours per day online, with 220 million online shoppers recorded between May 2022 and May 2023. Additionally, there are 700 million internet users in India, half of whom use digital payments.
Mega Merger: UltraTech’s Strategic ₹7,600 Crore Takeover of Kesoram’s Cement Unit
The deal is valued at an enterprise value of ₹7,600 crore. This all-stock mega deal includes the transfer of a manufacturing facility in Telangana to Birla and is a strategic move to accelerate UltraTech Cement’s goal of achieving a capacity of 200 million tonnes in India.
The Future is Electric: India’s Push for EV Insurance Coverage
The National Electric Mobility Policy 2025 aims for EVs to comprise 30% of new private vehicle registrations, translating to approximately 80 million EVs, by 2030. The market for EVs in India is projected to grow by 47.09% between 2022 and 2027.
“Siemens AG’s ₹18,928 Crore Investment Reinforces Commitment to Indian Subsidiary
This transaction involves purchasing the stake from Siemens Energy for a sum of ₹18,928 crore, calculated at ₹2,952.86 per share. Notably, this acquisition price reflects a 15% discount on the average share price, amounting to approximately 2.1 billion euros or $2.28 billion.