Business

Adani’s Mega Copper Plant Begins Operations in Gujarat

The Adani Group has announced the start of the first phase of the world's largest single-location copper manufacturing plant at Mundra in Gujarat. The facility, owned by Kutch Copper (a subsidiary of Adani Enterprises Ltd), will help reduce India's dependence...

Core Industries Show Robust Growth in February 2024

The Index of Eight Core Industries (ICI) witnessed a significant 6.7% increase (provisional) in February 2024 compared to the same month in 2023. This growth was driven by positive performances across various sectors, including Coal, Natural Gas, Cement, Steel, Crude...

Ambani and Adani Join Forces: Reliance Buys Stake in Adani’s Power Project

In a remarkable move, two of India's richest businessmen, Mukesh Ambani and Gautam Adani, have joined forces for the first time. Reliance Industries, owned by Ambani, has acquired a 26% stake in a power project owned by Adani's company in...

Wipro-GE Healthcare’s Rs 8,000 Crore Investment: Boosting ‘Make in India for the World’

Wipro-GE Healthcare, a prominent player in medical technology and digital solutions, is set to invest Rs 8,000 crore over the next five years in India. This investment aims to strengthen its manufacturing output and research and development capabilities. The company's...

Competition Commission of India (CCI) Approves Acquisition of Lanco Amarkantak Power Limited by Adani Power Limited

On March 26, 2024, the Competition Commission of India (CCI) granted approval to Adani Power Limited, a subsidiary of the Adani Group, for the complete acquisition of Lanco Amarkantak Power Limited. This acquisition involves the transfer of 100% equity share...

Adani Ports Acquires 95% Stake in Gopalpur Port for Rs 3,350 Cr

Adani Ports and Special Economic Zone (APSEZ), a subsidiary of the Adani Group, has acquired a controlling 95% stake in Gopalpur Port located in Odisha. The deal, valued at Rs 3,350 crore, solidifies APSEZ's position in the ports and logistics...

PepsiCo to invest $400 million more in two new plants in Vietnam

PepsiCo, the U.S. food and beverage giant, has committed to investing an additional $400 million in Vietnam. This decision was made public during a visit by delegations from over 60 U.S. enterprises, including Suntory PepsiCo Vietnam Beverage, to Vietnam last...

Iconic Indian Brand Amul Launches Fresh Milk in the US

In a significant move, the Gujarat Cooperative Milk Marketing Federation (GCMMF), the organization behind the iconic Amul brand, is set to launch its fresh milk products in the United States for the first time. This expansion marks a major milestone...

GRID-INDIA Achieves Miniratna Status

Grid Controller of India Limited (GRID-INDIA) has achieved a significant milestone by being conferred with the status of Miniratna Category-I Central Public Sector Enterprise (CPSE). This recognition was bestowed upon by the Ministry of Power, Government of India, highlighting GRID-INDIA's...

Insurance Sector Attracts Massive Rs 54,000 Crore FDI in 9 Years

According to Financial Services Secretary Vivek Joshi, the insurance sector in India has received a massive Rs 53,900 crore as Foreign Direct Investment (FDI) in the last 9 years (between December 2014 and January 2024). There are currently 70 insurance...