Elon Musk, on Saturday, confirmed that he will not visit India this month amid crucial Tesla quarterly results and will possibly visit the country later this year to announce his investment plans.
Category: Corporate
How Adani Ports unlocked growth potential of India's seaports after acquisitions
India's largest private port operator, Adani Ports and Special Economic Zone Ltd (APSEZ), announced earlier this month that it handled a record 420 MMT (million metric tonne) cargo in FY24 (including international ports), setting a new milestone in its journey.
5-month-old grandson of Infosys' Narayana Murthy gets richer by Rs 4.2 crore
Ekagrah Rohan Murty, the five-month-old grandson of Infosys founder N. R. Narayana Murthy, is set to get richer by at least Rs 4.2 crore as the IT bellwether announced final and special dividends.
Google sacks 28 employees involved in protests over Israel govt contract
Tech giant Google has laid off 28 employees who were involved in sit-in protests at its offices over a Google contract with the Israeli government.
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent
The Adani Family on Wednesday said it has fully subscribed to the warrants programme in Ambuja Cements by further infusing Rs 8,339 crore, increasing its stake in the building material company to 70.3 per cent.
Ambuja Cements acquires My Home Group's 1.5 MTPA cement unit in TN for Rs 413.75 cr
In a bid to enhance coastal footprint across southern markets, the Adani Group’s building material company Ambuja Cements on Monday announced to acquire My Home Group's 1.5 MTPA (million tonnes per annum) cement grinding unit in Tuticorin, Tamil Nadu, for Rs 413.75 crore.
Reliance Retail’s Tira Launches first own label ‘Tira Tools’: A Line of Premium, Curated Beauty Accessories
Reliance Retail's Tira Beauty announces the launch of its proprietary brand, "Tira Tools," a distinctive line of beauty accessories catering to the modern consumer's needs. This marks Tira's foray into the realm of accessories, presenting a curated selection of high-quality products designed to elevate beauty routines effortlessly.
Centre directs gas-based power plants to start ops amid rising summer demand
In order to help meet the high electricity demand in the country during the summer season, the government has decided to operationalise gas-based power plants, the Ministry of Power said on Saturday.
How Tesla can reach $3.6 billion in revenue from EV sales in India by 2030
The electric cars priced around $25,000 (Rs 20 lakh and above) will have at least a 15 per cent market share by 2030, according to the latest industry data.
Adani Gas subsidiary joins MG Motor India to install charging stations to boost India’s EV goals
In a bid to help India build a robust and efficient EV charging infrastructure, Adani TotalEnergies E-Mobility Limited (ATEL) and MG Motor India on Monday signed a memorandum of understanding (MoU), which is aimed at enabling ease of use and increased accessibility for customers.
Australian envoy to India discusses future collaborations with Gautam Adani
Adani Renewables Australia's first solar farm Rugby Run near Moranbah was officially opened in October 2019, supplying 65MW of renewable energy powering about 23,000 Queensland homes.
PM Modi's determination set to bring Tesla to Indian roads soon, company scouting for factory land
It was in 2015 when Prime Minister Narendra Modi visited the Tesla facility in Palo Alto, California and Elon Musk took him for a tour of his electric car plant, convincing the PM that electric vehicles are going to be the next big disruptor. Nearly a decade later, the Tesla is set to come to - and be made in - India.
Adani Green Energy becomes India's 1st to surpass 10,000 MW renewable energy
In a first for the country, Adani Green Energy Limited (AGEL) on Wednesday said it has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable and clean power to the national grid.
Sales turnover of Government e-Marketplace doubles to Rs 4 lakh crore in 2023-24
The Government e-Marketplace (GeM) has closed the 2023-24 financial year with a Gross Merchandise Value (GMV) of a staggering Rs 4 lakh crore which is double that of the corresponding figure for the previous fiscal year (2022-23), the Commerce and Industry Ministry said on Friday.
Sensex crosses 74K mark in 1000 points rally
Among the Sensex stocks, Bajaj Fnserv is up more than 4 per cent, Bajaj Finance is up more than 3 per cent. M&M is up 3.3 per cent, SBI is up 2.8 per cent, Powergrid is up 2.5 per cent, L&T is up 2.3 per cent.
Adani Green's solar power plant to produce 540 mn units annually operationalised in Rajasthan
Adani Green Energy Limited (AGEL) on Wednesday said it has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan.
India is the next big playground for AI: Samsung VC, CEO JH Han
Samsung Electronics Vice Chairman, CEO and Head of the Device eXperience (DX) Division Jaong-Hee (JH) Han, who visited Samsung BKC at Jio World Plaza, Mumbai for the first time since the store's opening, said on Friday that India is the next big playground for artificial intelligence (AI).
'The Adani Green Energy Gallery' at UK's Science Museum to showcase sustainable future: Gautam Adani
Adani Group Founder and Chairman, Gautam Adani, on Friday said that he is glad to see the new 'Energy Revolution: The Adani Green Energy Gallery' becoming a reality in partnership with the The Science Museum in the UK.
India’s forex reserves scale two-year high of $636.1 billion
India's foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed.
Coal sector PSUs surpass target with Rs 22,448 crore CAPEX in 2023-24
Coal sector PSUs such as Coal India Ltd and NLCIL have surpassed the annual target of 21,030 crore capital expenditure (CAPEX) fixed for the current financial year ending on March 31, 2024 with a total investment of Rs 22,448.24 crore at the end of February, the Coal Ministry said on Saturday.
Nifty hits fresh record highs in volatile trade
A sharp recovery was seen in the Nifty post noon on Wednesday. At close, Nifty was up 118 points, or 0.53 per cent, to close at 22,474.05 levels, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
The Adani Portfolio of companies on Thursday reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA in FY21 and 37.8 per cent higher than FY23 EBITDA.
Cabinet approves 3 semiconductor fab units, to generate 80,000 jobs
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the establishment of three semiconductor fabrication (fab) units that will start construction within the next 100 days and generate direct employment of 20,000 advanced technology jobs and nearly 60,000 indirect jobs.
150 railway stations win FSSAI’s ‘Eat Right’ tag for serving clean, nutritious food
The Food Safety and Standards Authority of India (FSSAI) has certified 150 railway stations across the country as Eat Right Stations, as part of its initiative to ensure safe, hygienic, and nutritious food options for millions of passengers who traverse the country's vast railway network, according to an official statement issued on Thursday.
Byju's NCLT hearing: Investors allege over $500 mn diversion to hedge fund in US
Key investors in Byju's alleged on Tuesday that the Enforcement Directorate (ED) is investigating diversion of funds of over $500 million by the edtech company to a hedge fund in the US.