Business

Business

Roving Periscope: War being big business, 3 Hamas leaders amass USD 11 billion

November 9, 2023 Vinayak Barot

Virendra Pandit New Delhi: Amid the ongoing war between Hamas and Israel, while many amongst the 2.3 million poor Palestinians struggle to get a morsel of food and a bottle of water, leaders of the ruling terror outfit have amassed huge wealth. Many of them are war merchants, living in comfort in Qatar, their […]

Business

H1 FY24 EBITDA jumps 49%, while revenue grew by 26% Y-o-Y

November 9, 2023 Vinayak Barot

Ahmedabad, 9 November 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the second quarter and six months ending 30th September 2023. (Amounts in Rs Cr) Particulars H1 FY24 H1 FY23 Y-o-Y Change Cargo (MMT) 202.6 177.5 14% Revenue 12,894 10,269 26% EBITDA# 7,429 4,980 49% PAT 3,881** 2,915 33% […]

Business

Torrent Gas appoints Manoj Jain as it’s Managing Director

November 9, 2023 Vinayak Barot

The Board of Torrent Gas Limited, a leading CGD player in the country with authorisations to distribute gas in 34 districts across the country, has approved the appointment of Mr. Manoj Jain as its Managing Director w.e.f. 1st January 2024. Prior to this, Mr. Jain was the Chairman and Managing Director of GAIL (India) Limited from February […]

Business

Economy: India to be among top three in ‘my third tenure,’ says PM Modi

November 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: Exuding confidence of a win in the forthcoming Lok Sabha elections, due by May 2024, two-term Prime Minister Narendra Modi on Wednesday said India’s economy will be among the top three during his third tenure. Addressing a public meeting in Damoh town of Madhya Pradesh, amid a campaign for the […]

Business

E-commerce: Amazon, Flipkart, and others to make deliveries using EVs in India

November 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: E-commerce majors Amazon and Flipkart, and other players, have launched programs in India envisaging cent percent deliveries using electric vehicles. Currently, Amazon India has a fleet of 6,000 EVs for making deliveries across 400 towns and cities in the country. It will increase the fleet to 10,000 in the next […]

Business

Roving Periscope: Amid peace efforts, rivals try to assassinate PA President Abbas in WB

November 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: On the 33rd day of the war against Hamas, the Israeli Defense Forces (IDF) entered Gaza City, driving many civilians southward and planning to ‘reoccupy’ the Gaza Strip, while a rival terror faction tried to assassinate Palestinian Authority President Mahmoud Abbas on Wednesday amid international peace efforts. Meanwhile, attempts to […]

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Business

U.S. International Development Finance Corporation, America’s development finance institution, to fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million

November 8, 2023 Vinayak Barot

Colombo, 8 November 2023, U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India’s largest port operator Adani Ports and SEZ Ltd., Sri Lanka’s leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority – to the tune […]

Business

Diplomacy: G-7 FMs to discuss Hamas, Ukraine, and Central Asia in Japan

November 7, 2023 Vinayak Barot

Virendra Pandit New Delhi: Ever since the Hamas terror group invaded Israel a month ago, the ongoing Russian invasion of Ukraine, which started on February 24, 2022, has virtually disappeared from headlines worldwide. Even Ukrainian President Volodomyr Zelenskyy had complained about this. Now the Group of Seven (G-7) foreign ministers meeting in Japan for […]

Business

Roving Periscope: No general ceasefire, as Israel prepares for the long haul in Gaza

November 7, 2023 Vinayak Barot

Virendra Pandit New Delhi: The cycle of death and destruction continues. The Israeli Defense Forces (IDF) are unlikely to return home anytime soon even if and after they ‘win’ the Gaza War. They are, instead, preparing for a long haul in the Palestinian enclave of 2.3 million poor people, 1.5 million of whom have […]

Business

The University of Wollongong will open its international campus at Savvy Pragya-2 in Gift City

November 7, 2023 Vinayak Barot

Ahmedabad: In a historic first for India, a foreign university has announced a full-fledged campus on Indian soil. “University of Wollongong” is all set to open their international campus at Savvy Pragya-2 at GIFT City, the first and the only operational smart city in India. At Savvy Group, we feel honoured to have witnessed the […]