Business

Business

Sahara: Proceedings for the refund of Rs. 60,000 crores to continue, says SEBI

November 16, 2023 Vinayak Barot

Virendra Pandit New Delhi: Clearing the air about the fate of refund of over Rs.60,000 crore to investors after the death of Sahara Group founder-chairman Subrata Roy, India’s market regulator said on Thursday the legal proceedings against the group will continue. Replying to questions on the sidelines of a capital market conference organized by […]

Business

Economy: India’s GDP to grow 6-7.1% in the next two fiscals, says S&P

November 16, 2023 Vinayak Barot

Virendra Pandit New Delhi: Painting an optimistic picture of the booming Indian economy, when several countries are facing recession, Standard and Poor’s (S&P) Global Ratings said on Thursday that India’s economic growth prospects should remain strong over the medium term, with GDP expanding 6 to 7.1 percent annually in the next two fiscal years, […]

Business

Mumbai’s ‘Green’ Diwali: Adani Electricity Makes History with 100% Renewable Electricity

November 13, 2023 Vinayak Barot

Mumbai, India – November 13th, 2023 — Diwali, the festival of lights, symbolizes the triumph of good over evil, knowledge over ignorance, and light over darkness. Adani Electricity’s unwavering commitment to sustainability and environmental stewardship beautifully aligns with these timeless values. Adani Electricity is thrilled to announce a historic milestone on this auspicious day of Diwali, […]

Business

Technology: GenAI to help add new lines of business, say 90% of organizations

November 13, 2023 Vinayak Barot

Virendra Pandit New Delhi: Amid fears that Artificial Intelligence (AI) tools might become ‘job annihilators’, a large number of Indian organizations—almost 90 percent—say the Generative AI (GenAI) would help add new lines of business. However, 73 percent also fear the new tools could lead to catastrophic cyber attacks in the next 12 months, […]

Business

Education: 35% of overseas college students in the US came from India in 2022

November 13, 2023 Vinayak Barot

Virendra Pandit New Delhi: After the post-pandemic recovery, 35 percent of all foreign students who joined the colleges in the United States in 2022 came from India, a new study has revealed. American colleges enrolled nearly 269,000 students from India, more than ever and second only to China. Most came for graduate programs, often […]

Business

Roving Periscope: British PM Sunak sacks controversial Home Secretary Braverman

November 13, 2023 Vinayak Barot

Virendra Pandit New Delhi: Indian-origin British Prime Minister Rishi Sunak on Monday sacked his controversial Home Secretary Suella Braverman, also of Indian origin, after she criticized the pro-Palestinian marches in an article she published in a newspaper without her boss’s consent. More than a year after becoming the British PM, Sunak started a Cabinet […]

Business

Torrent and Zydus sign licensing agreement for co-marketing Saroglitazar Mg, a critical treatment for chronic liver diseases in India

November 10, 2023 Vinayak Barot

Ahmedabad, November 10, 2023, Torrent Pharmaceuticals Limited (“Torrent”), a specialty focussed global pharmaceutical company, and Zydus Lifesciences Limited (including its subsidiaries/affiliates hereafter referred to as “Zydus”) a discovery-driven, global lifesciences company, today announced that they have entered into a licensing and supply agreement to co-market Saroglitazar Mg for the treatment of Non-Alcoholic Steato Hepatitis (NASH) and Non-Alcoholic […]

Business

Torrent Power reports Q2 FY 2023-24 results

November 9, 2023 Vinayak Barot

Torrent Power Limited, one of the leading power companies in India, registered a revenue of Rs 6,961 crore from its operations in the second quarter of FY 2023-24, up 4% compared to Rs 6,703 crore in the same quarter FY 2022-23. The company reported an EBITDA of Rs 1,330 crore in the Q2 FY24 against […]

Business

Refund: V-I wins Rs.1,128 crores battle as Bombay HC pulls up I-T for laxity

November 9, 2023 Vinayak Barot

Virendra Pandit New Delhi: The Bombay High Court has directed the Income Tax department to refund Rs. 1,128 crores to Vodafone Idea Ltd which the telecom firm paid in taxes for the assessment year 2016-2017. I-T’s assessment order, passed in August 2023, was “time-barred and hence cannot be sustained,” the HC ruled on Wednesday. […]

Business

Irony: Russia wants to buy back the defense stuff from clients to continue the war in Ukraine!

November 9, 2023 Vinayak Barot

Virendra Pandit New Delhi: When Russia invaded Ukraine on February 24, 2022, it self-assured to fold up the war in “48 to 72 hours.” Nearly 20 months on, as the longest war since the Second World War continues, the inconclusive conflict has turned into an embarrassment it can neither close nor continue without enough […]