In a strategic move to strengthen its debt profile and raise funds for upcoming projects, Adani Enterprises Ltd (AEL) has announced plans to issue Non-Convertible Debentures (NCDs) worth up to ₹1,000 crore, with interest rates reaching as high as 9.30%. This development comes at a time when the Adani Group is actively expanding its infrastructure,…
India’s technology and startup ecosystem witnessed two significant developments this week. Union Minister Ashwini Vaishnaw asserted that India is on track to become a global leader in tech manufacturing, while leading startups urged the government to streamline Aadhaar authentication access to accelerate their growth and financial inclusion initiatives. Vaishnaw’s vision for India’s tech manufacturing revolution…
India’s economic momentum continues to gain strength, with strong signals emerging from the private sector and global investors reaffirming their trust in India’s growth story. In recent economic forums and investor meetings, policymakers and industry leaders emphasised that capital expenditure (capex) across public and private sectors is underway at an accelerated pace, driven by confidence…
In a landmark announcement aimed at accelerating India’s innovation and employment ecosystem, Union Commerce and Industry Minister Piyush Goyal unveiled a ₹3 lakh crore allocation to strengthen research, job creation, and startup development across the country. The comprehensive initiative is expected to transform India’s innovation landscape, positioning it among the world’s top three startup and…
India is on the cusp of achieving consistent 7-8% GDP growth over the next decade if it successfully executes a robust manufacturing strategy and policy reforms, according to Rajiv Memani, newly appointed President of the Confederation of Indian Industry (CII) and Chairman of EY India. Speaking at the CII National Council Meeting, Memani outlined the…
In a strategic move to enhance its global presence, India’s state-run steel giant Steel Authority of India Limited (SAIL) has inaugurated its new office in Dubai, UAE. This expansion marks SAIL’s formal entry into the Middle East business landscape and is aligned with India’s broader metal sector globalisation strategy. SAIL’s Dubai Office: A Gateway To…
In a significant development for India’s metals and mining sector, Jindal Steel & Power (JSPL) has secured a 50-year mining lease for the Roida-I iron ore and manganese block in Odisha. This allocation is set to enhance the company’s long-term raw material security, strengthen its competitive positioning in steel production, and boost the industrial ecosystem…
In a significant market transaction on Wednesday, shares worth approximately ₹574 crore of Emcure Pharmaceuticals Ltd changed hands via a block deal on NSE, triggering active investor discussions on the stock’s medium-term trajectory. According to market sources, global private equity giant Bain Capital is likely to have offloaded part of its stake in the Pune-based…
In a major corporate development, InterGlobe Aviation Ltd, the parent company of India’s largest airline IndiGo, announced the appointment of Amitabh Kant as a Non-Executive Director on its board. The move is being widely seen as a strategic decision to strengthen the airline’s leadership bandwidth amid an increasingly competitive and policy-driven aviation landscape. Who Is…
In a major confidence boost to its European operations, Tata Steel Chairman N Chandrasekaran has said the company is targeting a net profit at its UK business by the end of the current fiscal year. The statement comes amid ongoing restructuring, cost reduction measures, and the £1.25 billion decarbonisation plan at its Port Talbot plant…
