On Wednesday India Ratings and Research upwardly revised its FY24 real GDP growth estimate to 6.2 per cent from the 5.9 per cent expected earlier. The local rating agency ascribed its revision to a number of elements, including the government's capital expenditure, deleveraged bank and India Inc. balance sheets, low global commodity prices, and the [...]
Debt-oriented mutual fund schemes experienced a stunning influx in July, but last month saw a withdrawal of Rs 25,872 crore as investors remained cautious given the US interest rate environment. Data with the Association of Mutual Funds in India (Amfi) showed that out of 16 debt categories, nine of them witnessed net outflows during the [...]
On Wednesday the Indian conglomerate said in the stock exchange filing that France's TotalEnergies SE will invest USD 300 million in a new joint venture with Adani Group for the renewable energy project. Adani Green Energy Ltd, the renewable energy arm of the Adani group, said: "Total will make a further investment (either directly or [...]
On Wednesday, Asia Healthcare Holdings announced that it had purchased the majority of the shares in the Asian Institute of Nephrology and Urology and that it would contribute Rs 600 crore to the latter. The investment will be made using a combination of primary and secondary infusion, according to a statement from Asia Healthcare Holdings [...]
According to Wednesday's statement by Minister of State for Electronics and IT Rajeev Chandrasekhar, organizations may be given about a year to adjust their systems to conform to the requirements of the Digital Personal Data Protection Act, 2023. On the sidelines of an industry consultation, Chandrasekhar addressed the media and promised that the Data Protection [...]
On Wednesday, shares of R R Kabel Ltd, a manufacturer of wires and cables, were listed at a premium of 14% over their Rs 1,035 issue price. The stock began trading on the BSE at Rs 1,179, up 13.91% from the issue price. Later, it increased 15.75 percent to Rs 1,198.05. It started trading at [...]
In an effort to hasten the adoption of electric vehicles in the nation, German luxury automaker Mercedes-Benz India announced on Friday that its network of charging stations will now serve users of other brands. The automaker also unveiled a brand-new "Customer Experience Center" at Chakan, in Pune, and the top-of-the-line EQE 500 4MATIC electric SUV, [...]
The acquisition will improve CRISIL's standing in the new energy and renewables market. Bridge To India Energy Private Limited (also known as "Bridge To India") is a leading provider of renewable energy consulting and knowledge services to financial and corporate clients worldwide. Bridge To India is a subsidiary of S&P Global. CRISIL has entered into [...]
Kerala's renowned Marayoor sandalwood trees are prized for their unmatched fragrance, and this month's auction brought in a record amount of money for the state's forest department. According to officials, the department won the auction, in which major corporations and organizations including Karnataka Soaps, Oushadhi, Jaipur CMT and India Limited, KFDC, and Devaswom Boards participated, [...]
Indian Business Wire Nominations open through October 5, 2023, L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a major international digital engineering and R&D organization. Awards acknowledge excellent engineers and creative techniques in the area. In collaboration with Information Services Group (ISG), a preeminent worldwide technology research and consultancy firm, and the Indian business news [...]
