Business

Business

Neighbors: India for deepening civilizational ties, and economic integration with Sri Lanka

November 3, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India favors deepening its civilizational ties and economic integration with India and will closely work with the island nation on debt restructuring attempts and economic recovery. Addressing the India-Sri Lanka Business Summit in Colombo on Thursday, during a three-day visit, she urged industry […]

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With 48% Y-o-Y growth, APSEZ Delivers Record Cargo Volumes in October

November 3, 2023 Vinayak Barot

Ahmedabad, 3 November 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, handled 37 MMT of total cargo in October 2023, implying a Y-o-Y growth of 48%. For the first time in the company’s history, the total cargo volume of our […]

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Roving Periscope: As Nawaz returns, Afghans flee, Pakistan announces Feb 11 polls

November 2, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Days after three-time Prime Minister Mian Mohammed Nawaz Sharif returned home after four years in self-exile in London to try his luck a fourth time, and Islamabad started a crackdown on 1.7 million Afghan refugees to force them out amid Taliban threats, the Election Commission of Pakistan  (ECP) on Thursday […]

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The Giving Pledge: HCL’s Shiv Nadar donated Rs. 5.6 crore every day in 2022!

November 2, 2023 Vinayak Barot

Virendra Pandit    New Delhi: The long tradition of billionaires donating huge sums for philanthropic causes in the West is now catching up amongst the Indian rich and famous as well. In all, 119 Indian billionaires donated Rs. 8,445 crores in 2021-22, which was 59 percent more than they gave away in the year before. […]

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Business

Adani Enterprises Ltd H1 FY24 Results, Consolidated EBIDTA increased by 43% to Rs. 5,874 cr

November 2, 2023 Vinayak Barot

Ahmedabad, November 2, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and half year ended September 30, 2023 AEL, has made significant progress in its strong incubation pipeline during the first half of the fiscal year 2023-24. The company’s latest results showcase the emergence of key […]

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Adani Power announces Q2 FY24 results, Q2 FY24 continuing revenue grows to Rs. 12,155 Crore

November 2, 2023 Vinayak Barot

Ahmedabad, November 2nd, 2023: Adani Power Ltd. [“APL”], a part of Adani Group, today announced the financial results for the second quarter ended 30th September 2023. Operating performance During Q2 FY 2023-24, APL and its subsidiaries achieved an average Plant Load Factor (“PLF”) of 58.3% and power sales volume of 18.1 Billion Units (“BU”), as […]

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Aviation: In a bank fraud case, ED seizes Jet Airways’ assets worth Rs. 538 crores

November 1, 2023 Vinayak Barot

Virendra Pandit    New Delhi: The Enforcement Directorate on Wednesday seized properties worth over Rs. 500 crore in an alleged money laundering case linked to Jet Airways (India) Ltd, whose founder, Naresh Goyal, siphoned off funds availed as loans from Canara Bank to buy personal assets. The properties include 17 residential flats, bungalows, and commercial buildings registered […]

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EVs: Three-wheeler sales double since 2019, diminish crime rates!

November 1, 2023 Vinayak Barot

Virendra Pandit   New Delhi: Electric three-wheelers have caught India’s attention and their sales have doubled since 2019, as the total sales of three-wheelers reached a record over one lakh each in September and October this year. Overall, 102,426 three-wheelers were sold in September and 100,987 in October 2023, a significant 51 percent increase compared […]

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The Gaza War: Bolivia cuts Israel ties; two more LatAm countries ‘consult’ envoys

November 1, 2023 Vinayak Barot

Virendra Pandit   New Delhi: The fallout of the ongoing Hamas-Israel war has not surfaced only in those countries where the Muslims have expressed solidarity with the Palestinian terror groups, taken out massive parades, and pressured their respective governments to favor the Palestinian cause, it has also started sucking in nations far away from the […]

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Roving Periscope: Presidents Biden, and Xi to meet in mid-November, says White House

November 1, 2023 Vinayak Barot

Virendra Pandit   New Delhi: Amid the 24-day-long Gaza war intensifying and the 20-month-long Russia-Ukraine conflict going nowhere, the Presidents of the world’s two largest economies—Joe Biden of the US and Xi Jinping of China—are meeting in San Francisco this month—in a bid to resolve their differences, including mistrust and trade deficits. The two Presidents […]

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