Business

Business

Adani Group acquires Penna Cement at enterprise value of Rs. 10,422 crore

June 13, 2024 Vinayak Barot

Ahmedabad, 13 June 2024: Ambuja Cement, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100% shares of PCIL from […]

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Business

Roving Periscope: Ahead of the G-7 Summit, British PM Sunak supports Ukraine

June 13, 2024 virendra pandit

Virendra Pandit New Delhi: Ukraine is expected to dominate the three-day Group of Seven (G-7) Summit, which began in Italy on Thursday, as British Prime Minister Rishi Sunak led the calls for “decisive efforts” to support the war-ravaged nation fighting against Russia. “We must be decisive and creative in our efforts to support Ukraine and […]

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Ukraine: Amid Europe’s turmoil, G-7 Summit, the US widens Russia sanctions

June 13, 2024 virendra pandit

Virendra Pandit New Delhi: Amid the Right-wingers’ increasing influence in Europe, Chinese President Xi Jinping’s effort to poach Hungary and Serbia, and potential disarray in the North Atlantic Treaty Organization (NATO), the United States on Wednesday suddenly widened sanctions on Russia, which is repeatedly warning the West to keep away from Ukraine. The fresh US […]

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Business

G-7 Summit: PM Modi flying to Italy on Thursday

June 12, 2024 virendra pandit

Virendra Pandit New Delhi: In his first overseas trip after assuming charge as the Prime Minister for a third consecutive term, Narendra Modi will on Thursday fly to Italy to attend the Group of Seven (G-7) Summit. He has been invited by his Italian counterpart Giorgia Meloni. After the Summit, India may also join the […]

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Business

Roving Periscope: During Modi 3.0, India to remain the world’s fastest-growing economy

June 12, 2024 virendra pandit

Virendra Pandit New Delhi: The Prime Minister Narendra Modi-led NDA government, which kicked off on a positive note for a third consecutive term of five years on June 9, is likely to lead India’s economic success on a global scale in the coming years, according to various growth projections. After the United Nations recently upgraded […]

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Business

AI’s risks: An ordinary downturn can spiral into a severe economic crisis, says Gopinath

June 11, 2024 virendra pandit

Virendra Pandit New Delhi: As the positive and negative impacts of Artificial Intelligence (AI) unfold worldwide, the International Monetary Fund (IMF) second in command has warned that it (AI) also has the potential to turn an ordinary downturn into a severe economic crisis worldwide. The disruptive effects of AI on the economy and financial markets […]

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Tit-for-tat: After China’s ‘renaming’ spree in Arunachal, India to rechristen 30 places in “Occupied Tibet”

June 11, 2024 virendra pandit

Virendra Pandit New Delhi: For centuries, an expansionist and imperialist China has practiced the subtle art of cartography and quietly renamed foreign territories as its first and second moves to annex them. That was how it rechristened and grabbed the Muslim-majority Eastern Turkestan as “Xinjiang”, and, more recently, renamed several places in Arunachal Pradesh which […]

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Roving Periscope: Oxford varsity to return 500-year-old statue ‘stolen’ from India

June 11, 2024 virendra pandit

Virendra Pandit New Delhi: Five years ago, renowned economist Utsa Patnaik and Congress MP Shashi Tharoor revealed that the British Empire, which systematically plundered the Indian subcontinent and pauperized its people, siphoned off their proverbial wealth to the tune of USD 45 trillion (9.2 trillion pounds) between 1765 and 1938. Besides, the British also took […]

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Business

Adani Defence & Aerospace and EDGE Group Sign Landmark Cooperation Agreement in Defence & Security

June 11, 2024 Vinayak Barot

Abu Dhabi / Ahmedabad: 11 June 2024 – Adani Defence & Aerospace, one of the leading defence and aerospace companies of India, has signed a milestone cooperation agreement with EDGE Group, one of the world’s leading advanced technology and defence groups in the UAE. The agreement aims to establish a global platform leveraging the defence […]

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Business

Six days later: Finally, Pakistan’s Sharif Brothers congratulate PM Modi!

June 10, 2024 virendra pandit

Virendra Pandit New Delhi: India’s distant neighbor, Pakistan, finally caught up with the world and, six days after the Lok Sabha elections results came, congratulated Prime Minister Narendra Modi on his third consecutive term that commenced with the swearing-in of his Council of Ministers on Sunday. Of late, Pakistan, whose economy is in a dire […]

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