Business

Business

All new arrival area in the international terminal of Ahmedabad Airport will reflect Gujarat and Ahmedabad with its interiors, inaugurated

August 24, 2023 Vinayak Barot

A Gateway built by the people for the people. Sardar Vallabhbhai Patel International Airport, to increase facilities, commissions all new arrival hall with larger immigration area in Terminal 2 for international passengers. This all-new international arrival block features a host of improvements designed to ease passenger traffic and enhance overall capacity. A testament to the […]

Business

From Strength to Strength: Adani’s strategic initiatives enhance credit profile

August 24, 2023 Vinayak Barot

Ahmedabad, 24 August 2023: In a significant milestone, the Adani Group, through a series of strategic initiatives, has increased its liquidity position at the portfolio level to finish with a cash balance of INR 42,115 crore at the end of the June quarter. The portfolio companies diligently focused on bolstering their financial standing, ensuring a […]

Business

Economy: India to clock the highest growth among Top 5, says Somanathan

August 24, 2023 Vinayak Barot

Virendra Pandit New Delhi: Union Finance Secretary T V Somanathan on Thursday said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and urged the Indian diaspora to act as a catalyst and supplement government efforts in making India the biggest opportunity […]

Business

Roving Periscope: Prigozhin, who rebelled against Putin, dies in ‘plane crash’

August 24, 2023 Vinayak Barot

Virendra Pandit New Delhi: “It took longer than I expected,” Elon Musk said, reacting to the PMC Wagner mercenary army chief Yevgeny Prigozhin’s suspicious death in a ‘plane crash’ near Moscow on Wednesday. That sums up what many who know about Russia and its long-time President Vladimir Putin, already knew. Even Moscow merely announced […]

Business

BRICS Summit: Six new inducted members will strengthen the bloc, says PM Modi

August 24, 2023 Vinayak Barot

Virendra Pandit New Delhi: Prime Minister Narendra Modi on Thursday welcomed the six new member countries invited to join as full members the five-nation bloc of emerging economies, BRICS—Brazil, Russia, India, China, and South Africa. The induction of Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates will strengthen BRICS, he said […]

Business

BRICS Summit: PM Modi, SA President hold bilateral talks

August 23, 2023 Vinayak Barot

Virendra Pandit New Delhi: Prime Minister Narendra Modi, who is in Johannesburg for the 15th BRICS Summit, on Wednesday held a bilateral meeting with South African President Cyril Ramaphosa ahead of the five-nation group’s first in-person event after 2020. The two leaders reviewed the progress made in bilateral ties, and exchanged views on regional […]

Business

Roving Periscope: TN, BHEL, L&T, Godrej and others contributed to Chandrayaan-3

August 23, 2023 Vinayak Barot

Virendra Pandit New Delhi: India’s ambitious Chandrayaan-3 mission has been a joint collaborative effort of many, but Tamil Nadu’s soil and several companies like Larsen & Toubro, BHEL, and Godrej have contributed to the Rs. 615 crore project. It is not just the sons of the soil of Tamil Nadu but the southern state’s […]

Business

Adani TotalEnergies E-Mobility Limited partners with Evera Cabs for developing charging hubs

August 23, 2023 Vinayak Barot

Ahmedabad, 22 August 2023: Adani TotalEnergies E-Mobility Limited (ATEL) will set up a robust EV charging infrastructure with Prakriti E-Mobility (Evera), an all-electric cab aggregator. The collaboration will feature an integration of 200 EV charging points super hub in Delhi. This strategic partnership will be scaled up pan-India to encourage decarbonized mobility. The partnership comes at […]

Business

Adani portfolio delivers a Stellar Performance; EBITDA grows 42% Y-o-Y to INR 23,532 crore in Q1 FY24

August 23, 2023 Vinayak Barot

Ahmedabad, 23 August 2023: The Adani Group portfolio delivered yet another outstanding performance with all-time high quarterly profit (EBITDA) of INR 23,532 crore, 42% higher year-on-year. The June quarter FY24 results compendium for its portfolio of listed companies were released today. The core infrastructure and utility platform, which generates stable and assured cashflows, accounted for […]

Business

Roving Periscope: Mexico replaces China, Canada as the US’ top biz partner

August 22, 2023 Vinayak Barot

Virendra Pandit New Delhi: How times change—and so rapidly! As China struggles to keep its nose above the financial maelstrom, Mexico has left the Dragon, as well as Canada, behind as the top business partner of the United States, the media reported on Tuesday. In the first four months of 2023, the US-Mexico trade […]