Adani group will set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh as it looks to double down on its presence in the state, Karan Adani, founder family's scion, said on Friday. The apples-to-airport group plans to double the capacity of the two sea [...]
With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set [...]
Tata Motors on Friday said it has crossed 50 lakh cumulative passenger vehicle production milestone. The auto major achieved the 10 lakh production mark in 2004 and the 20 lakh milestone in 2010. It crossed 30 lakh units in 2015 and 40 lakh units in 2020. "This journey, from each million to the next, has been [...]
In order to reduce carbon footprint in its operations, Tata Steel Mining Limited has signed a Memorandum of Understanding (MoU) with GAIL (India) Limited for supply of natural gas to its Ferro Alloys Plant at Athgarh in Odisha’s Cuttack district. According to the MoU, GAIL will supply the agreed quantity of natural gas through its [...]
The Piotroski score is a way to determine some of the best value stocks. It is a score between zero and nine and is used to determine the strength of a company’s financial position. It considers factors such as profitability, liquidity, operating efficiency, cash flows, and debt situation. A score of zero is the lowest, [...]
The Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.2 in January to 59.4 in February -- its highest level in 12 [...]
India Grid Trust (IndiGrid) on Thursday announced completing acquisition of 100 per cent "shareholding and economic interest" in Khargone Transmission Ltd from Sterlite Power Transmission Ltd (SPTL). IndiGrid is India's first listed power sector infrastructure investment trust (InvIT) and STL is one of the sponsors of IndiGrid. "IndiGrid announces the completion of acquisition of 100 [...]
Infosys founder N R Narayana Murthy on Thursday stressed that venture capital funds need to focus on profitability at startups as well, and warned that the focus on valuations is creating a "ponzi" scheme. Speaking at the annual Nasscom event here, Murthy said many startups are witnessing repeated rounds of funding at higher valuations, the [...]
MP Natural Resources Pvt Ltd bagged a coal mine in Madhya Pradesh on the fourth day of commercial coal mines auction on Thursday. Two coal mines were put up for e-auction. The auction of the other mine in Madhya Pradesh was underway. In a statement, the coal ministry said both the mines are fully explored [...]
The contract value of Vande Bharat trains for Titagarh Wagons Ltd (TWL)-Bharat Heavy Electricals Ltd (BHEL) consortium is estimated at Rs 25,000 crore for manufacturing of 80 train sets and maintaining them for the next 35 years, a senior company official said on Thursday. Russia's CJSC Transmashholding and Rail Vikas Nigam Ltd (TMH-RVNL) consortium has [...]
