Business

Business

Promoters to Invest INR 9,350 crore equity in Adani Green

December 26, 2023 Vinayak Barot

Ahmedabad, 26 December 2023: Adani Green Energy Ltd (“AGEL”), India’s largest and the world’s leading renewable energy developer, announced that the Board of Directors of AGEL have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of INR 9,350 crore (equivalent to USD 1,125 million) at a per share price […]

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Defense: After Houthi attacks on vessels, the Indian Navy deploys 3 warships in the Arabian Sea

December 26, 2023 Vinayak Barot

Virendra Pandit    New Delhi: After the spate of recent attacks on merchant vessels in the Arabian Sea, the Indian Navy has deployed a P-8I long-range patrol aircraft for surveillance and three warships—INS Momugao, INS Kochi, and INS Kolkata equipped with guided missile destroyers—in the region to maintain “deterrent presence,” officials said on Tuesday. Earlier, […]

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Money laundering: China to provide consular assistance to its Vivo staff arrested in India

December 25, 2023 Vinayak Barot

Virendra Pandit   New Delhi: China will provide consular protection and assistance to two Chinese employees of smartphone maker Vivo arrested in India on money laundering charges, as Beijing urged New Delhi not to discriminate against Chinese companies. “We are closely following what you mentioned. The Chinese government firmly supports Chinese companies to safeguard their […]

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Rs. for oil: After paying the UAE in rupee for crude oil, India looks to globalize its currency

December 25, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Enthused after paying the UAE in Indian rupees for importing crude, India is now looking to internationalize its currency and awaits more takers of its currency in global trade. With over 85 percent oil dependence on imports, India aims to cut transaction costs by settling trades in rupees instead of […]

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Adani Green concludes PPA tie-up for entire 8,000 MW manufacturing-linked SECI tender

December 25, 2023 Vinayak Barot

Ahmedabad, 25 December 2023: Adani Green Energy Ltd (AGEL), India’s largest and among the world’s leading renewable energy players, has announced the execution of power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power. With the signing of this balance PPA, AGEL has completed the power […]

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Bengaluru’s Kempegowda International Airport has won global recognition at the 2023 Prix Versailles

December 22, 2023 Vinayak Barot

Bengaluru’s Kempegowda International Airport has achieved global recognition at the 2023 Prix Versailles, with its Terminal 2 (T2) earning the prestigious “Special Prize for an Interior” and being hailed as one of the world’s most beautiful airports. The Prix Versailles awards celebrate outstanding achievements in architecture and design on a global scale. Renowned fashion designer […]

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Nexzu Mobility signs MoU with Gujarat Government to set up India’s first Smart EV Park in transformative move for electric mobility

December 21, 2023 Vinayak Barot

Gandhinagar, 21st December, 2023: Nexzu Mobility, a sustainable urban transportation solutions provider, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat, to develop India’s first ever Smart EV Park in a move that promises to redefine the country’s mobility landscape. The company will invest INR 5,000 crores over the next 10 years […]

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Agriculture: Despite restrictions, exports may reach $53 billion in FY24

December 21, 2023 Vinayak Barot

Virendra Pandit    New Delhi: India’s exports from the agricultural sector are likely to reach USD 53 billion in FY24, the same as in the previous fiscal, 2022-23, despite restrictions imposed on shipments of certain key commodities like rice, wheat, sugar, and onions, among others. “We expect that we would reach that level despite a […]

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The ‘forgotten war:’ Ukraine still hopes for US aid, worried over what next?

December 21, 2023 Vinayak Barot

Virendra Pandit    New Delhi: After Russia invaded it on February 24, 2022, Ukraine became the center of geopolitics with support, sympathy, weapons, and funds pouring in. With Hamas invading Israel on October 7, 2023, however, Palestine returned as the world’s foremost geopolitical hotspot. Both these wars continue unabated, with no end in sight. They […]

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Roving Periscope: National interest is India’s foremost guiding principle in foreign policy, says PM Modi

December 21, 2023 Vinayak Barot

Virendra Pandit    New Delhi: National interest is the foremost guiding principle in India’s foreign policy, which follows a “mix-and-match diplomacy” focused on pragmatic engagement aligned with the country’s interests, Prime Minister Narendra Modi has said. “The world is interconnected as well as interdependent,” he observed in an interview with the British daily Financial Times, […]

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