An Overview Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the purchase of the Andhra Pradesh government’s remaining 10.4 percent share in Gangavaram port for Rs. 645 crore. “The boards of directors of APSEZ and GPL have also approved the merger of GPL and APSEZ, based on GPL’s valuation of Rs 120 per …
In a move to fortify the textile sector, the Indian government has decided to extend the deadline for inviting fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles. The new deadline is set for December 31, 2023, providing interested parties with an extended opportunity to participate in this transformative scheme. India’s Dominance in …
In a game-changing move, RBI Governor Shaktikanta Das has dropped the financial mic, introducing revamped rules for Unified Payments Interface (UPI) transactions and e-mandates. Let’s dive into the nitty-gritty of these exciting updates that promise to reshape the landscape of digital payments. 1. UPI Transaction Limits Get a Mega Boost Hold on to your virtual …
The Indian headline indices were trading lower following a robust rally in the past few trading sessions. The decline was influenced by notable losses in the FMCG, metals, and real estate sectors. IRCON International Ltd, a civil construction company, made headlines following the announcement that the Government of India plans to sell up to 8% …
Direct Listing Revolution in GIFT City The International Financial Services Centres Authority (IFSCA) is steering a transformative shift in India’s financial landscape, targeting the direct listing of Indian companies in the Gujarat International Finance Tec-City (GIFT City) by April 2024. Several Indian companies currently employ American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) to …
Electric vehicles (EVs) are experiencing explosive growth, driven by a confluence of factors including technological advancements, government incentives, and a growing awareness of the environmental impact of traditional fossil fuel vehicles. Sales of EVs have been doubling annually, with November 2023 alone witnessing a 27.15% increase compared to the previous year same month. This upward …
Everybody wants to win in the stock market, yet 95 percent of traders lose money. Why? Investing in the stock market isn’t an easy task. If you invest carefully, you can grow your wealth by leaps and bounds. But similarly, there are also a thousand ways to lose your hard-earned money in trading. As investors, …
As the wedding season brings joy and celebration, the corporate world is not far behind, with the biggest merger announcement grabbing the spotlight. This time, it’s none other than the formidable Reliance Group making waves in the media landscape. In a strategic move, Network18 Media and Investments Ltd., a part of the Reliance Group, has …
In the fast-evolving landscape of global technology, semiconductors play a pivotal role as the backbone of modern industries. The recent Memorandum of Understanding (MOU) between the Government of the Republic of India and the European Commission marks a significant milestone in fostering international collaboration in the semiconductor ecosystem. This article explores the key elements of …
In the heart of India’s burgeoning energy landscape, the recent interaction between Union Power and New & Renewable Energy Minister Shri R. K. Singh and industry stakeholders unveiled a strategic vision for thermal power capacity expansion. This financial odyssey, fueled by a commitment to meet the nation’s escalating power demands, beckons investors and industry players …
