Business

Business

Ambuja Cements signs definitive agreement to acquire a 1.5 MTPA Grinding Unit at Tuticorin, Tamil Nadu at a value of Rs. 413.75 Crores

April 15, 2024 Vinayak Barot

Ahmedabad, 15 April 2024: Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, signs definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition estimated at a total value of Rs. 413.75 Crores through internal accruals will aid in enhancing the coastal footprint […]

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LIC sees 59 pc jump in value of investments in Adani stocks

April 15, 2024 Vinayak Barot

New Delhi, Apr 14 (PTI) LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report. The value of LIC’s investment in seven Adani group […]

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Pakistan: Broke Islamist country has the highest cost of living in Asia

April 13, 2024 virendra pandit

Virendra Pandit New Delhi: With a whopping 25 percent inflation rate—lower now, because it was nearly 40 percent last year!—a nearly bankrupt Pakistan has the highest living cost in Asia and its economy may grow at the fourth lowest pace of 1.9 percent in the South Asian region. According to a new Asian Development Bank […]

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Security: Terrorists follow no rules, so India’s response can’t have rules, says EAM

April 13, 2024 virendra pandit

Virendra Pandit New Delhi: External Affairs Minister S. Jaishankar has asserted that since terrorists do not play by rules, there cannot be any rules in India’s answer to them. India is committed to responding to any act of terrorism perpetrated from across the borders, he said in Pune on Friday. Attacking the United Progressive Alliance […]

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Plastic Overshoot Day: India among 12 nations ‘mismanaging’ waste

April 12, 2024 virendra pandit

Virendra Pandit New Delhi: Although the fast-developing India’s per capita plastic waste production is among the lowest in the world, it is among the 12 countries responsible for 60 percent of the planet’s mismanaged plastic waste, the media reported on Friday. The “Plastic Overshoot Day” report by Swiss non-profit EA Earth Action also said global […]

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Real Estate: With over 42% Indians urbanites in 10 years, property sector to be worth USD 1.5 trillion

April 12, 2024 virendra pandit

Virendra Pandit New Delhi: With India urbanizing at a breakneck speed, its real estate sector will be worth USD 1.5 trillion by 2034, growing three-fold from USD 482 billion now, a media report, quoting a sectoral study, said on Friday. The sector’s share in India’s economic output is likely to rise to 10.5 percent in […]

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Roving Periscope: The Mideast on edge as Iran, and Israel brace for ‘Armageddon’

April 12, 2024 virendra pandit

Virendra Pandit New Delhi: Israel’s seven-month-long attempts to suck Iran directly into the conflict against Hamas, Houthi, and Hezbollah—the Tehran-supported terror outfits—and the Ayatollahs-run regime’s efforts to avoid exactly that may now have to come to a tipping point. The Middle East is on the verge of a wider conflagration between a nuclear power—Iran—and a […]

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Communist Vietnam: In a $27 bn fraud, a billionaire woman sentenced to death

April 11, 2024 virendra pandit

Virendra Pandit New Delhi: In a rare case of its kind in a Communist-ruled country, a leading billionaire woman realtor has been sentenced to death in Vietnam for defrauding over 42,000 people of USD 27 billion, which is equivalent to six percent of the Southeast nation’s GDP, the media reported on Thursday. According to reports, […]

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Amid Gaza War: Over 6,000 Indian workers going to Israel to rebuild construction sector

April 11, 2024 virendra pandit

Virendra Pandit New Delhi: Amid the ongoing ‘fight-to-finish’ conflict between Israel and the Hamas-ruled Gaza Strip, which has brought the real estate sector to a halt, nearly 6,000 Indian workers are going to urgently restart the construction projects stalled for over six months because of the ban on Palestinian workers’ entry. The workers from India […]

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Business

Roving Periscope: Ailing, but China rejects Fitch’s downgrade, claims its economy is stable

April 11, 2024 virendra pandit

Virendra Pandit New Delhi: Despite reeling under economic reverses since the outbreak of COVID-19 and its domino effect, particularly after its real estate sector went almost bust, China has, however, rejected Fitch’s fresh rating and claimed that its economy is “stable.” According to the media reports, China’s Finance Ministry denounced a report by Fitch Ratings […]

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