Vinayak Barot

Business

BRICS Summit: PM Modi, SA President hold bilateral talks

August 23, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: Prime Minister Narendra Modi, who is in Johannesburg for the 15th BRICS Summit, on Wednesday held a bilateral meeting with South African President Cyril Ramaphosa ahead of the five-nation group’s first in-person event after 2020. The two leaders reviewed the progress made in bilateral ties, and exchanged views on regional […]

Business

Roving Periscope: TN, BHEL, L&T, Godrej and others contributed to Chandrayaan-3

August 23, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: India’s ambitious Chandrayaan-3 mission has been a joint collaborative effort of many, but Tamil Nadu’s soil and several companies like Larsen & Toubro, BHEL, and Godrej have contributed to the Rs. 615 crore project. It is not just the sons of the soil of Tamil Nadu but the southern state’s […]

Business

Adani TotalEnergies E-Mobility Limited partners with Evera Cabs for developing charging hubs

August 23, 2023 Vinayak Barot 0

Ahmedabad, 22 August 2023: Adani TotalEnergies E-Mobility Limited (ATEL) will set up a robust EV charging infrastructure with Prakriti E-Mobility (Evera), an all-electric cab aggregator. The collaboration will feature an integration of 200 EV charging points super hub in Delhi. This strategic partnership will be scaled up pan-India to encourage decarbonized mobility. The partnership comes at […]

Business

Adani portfolio delivers a Stellar Performance; EBITDA grows 42% Y-o-Y to INR 23,532 crore in Q1 FY24

August 23, 2023 Vinayak Barot 0

Ahmedabad, 23 August 2023: The Adani Group portfolio delivered yet another outstanding performance with all-time high quarterly profit (EBITDA) of INR 23,532 crore, 42% higher year-on-year. The June quarter FY24 results compendium for its portfolio of listed companies were released today. The core infrastructure and utility platform, which generates stable and assured cashflows, accounted for […]

Business

Roving Periscope: Mexico replaces China, Canada as the US’ top biz partner

August 22, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: How times change—and so rapidly! As China struggles to keep its nose above the financial maelstrom, Mexico has left the Dragon, as well as Canada, behind as the top business partner of the United States, the media reported on Tuesday. In the first four months of 2023, the US-Mexico trade […]

Business

Inflation: FinMin cautions about price pressures amid uncertainties

August 22, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: Recent inflationary trends in prices of essential commodities, including tomatoes and onions, have prompted the Finance Ministry to caution the people that these pressures may remain in the months ahead and require greater vigilance. In its monthly Economy Review report for July 2023, released on Tuesday, the ministry said the […]

Business

Roving Periscope: Amid fears, India supports BRICS’ expansion

August 21, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: Amid apprehensions that any expansion of the five-nation bloc of emerging economies—Brazil, Russia, India, China, and South Africa (BRICS)—by inducting new members could potentially turn it into an anti-West platform, New Delhi on Monday supported the move, on the eve of the group’s 15th Summit beginning in Johannesburg, South Africa. […]

Business

Business: India’s foreign trade crosses the USD 800 bn mark in Jan-June 2023

August 21, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: Despite a global slowdown in demand, healthy growth in India’s total exports of goods and services buoyed up foreign trade in the first six months of 2023, which crossed the USD 800 billion mark, a think said on Monday. “India’s foreign trade (exports and imports of merchandise and services) reached […]

Business

Weather: Devastating tropical storm Hillary hits Mexico, California

August 21, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: A devastating tropical storm, named Hillary, lashed Mexico and Southern California on Sunday, throwing the normal life of hundreds of thousands out of gear, inundating roads, trapping automobiles amid fallen trees, and forcing aviators to shut down hundreds of flights in and out of the severely affected region, early reports […]

Business

Roving Periscope: Dark days ahead as China’s real estate bubble bursts

August 19, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: And, the wolf has finally knocked on the Dragon’s doors! A year after China’s humongous real estate sector, which contributes as much as a third to the Asian nation’s GDP, came under a cloud, Evergrande, the biggest player in the property market has filed for bankruptcy, the media reported on […]