Ambuja Cement to Gain from Merger with Sanghi and Penna, Says Adani
Ambuja Cements is set to strengthen its position in the cement industry by merging its recent acquisitions, Sanghi Industries and Penna Cement Industries. Under the leadership of Gautam Adani, the company acquired Sanghi in December 2023 and Penna in August…
“Top 10 Global Business Titans of 2024: Meet the Indian Leader Among the Global 100”
The World’s Most Influential Business Leaders of 2024 In 2024, the top 10 most powerful figures in global business have redefined industries and shaped economies through their visionary leadership, ground-breaking innovations, and strategic acumen. These leaders helm some of the…
Indian Rupee Falls to 84.86/$, Reaches New Low Due to Global Trends
The Indian rupee closed at a record low of 84.86 against the US dollar on Monday, falling nearly seven paise from its previous close of 84.79. Earlier in the week, the rupee hit an intraday low of 84.88 on Thursday…
“Stock Market Slumps: BSE Sensex Dips Over 800 Points; Nifty50 Falls Below 24,450”
Financial markets began the week on a cautious note as investors awaited the US Federal Reserve’s key interest rate decision. On Tuesday, Indian benchmark indices experienced a sharp decline for the second consecutive day, driven by weakness in major stocks…
“Over Rs 12 Lakh Crore Loans Wiped Off in 10 Years, 50% by PSU Banks in Recent Years”
MUMBAI: Commercial banks in India wrote off loans amounting to Rs 12.3 lakh crore between FY15 and FY24, with public sector banks (PSBs) contributing 53% of this total, or Rs 6.5 lakh crore, in the last five years (FY20-24), as…
“Russian Oil Exports to India Tumble to Lowest Levels Since June 2022”
India’s Russian Crude Oil Imports Plunge 55% in November, Lowest Since June 2022 NEW DELHI: India’s imports of Russian crude oil dropped sharply by 55% in November, reaching the lowest level since June 2022, according to the Centre for Research…
JSW Gains Rs 4,000 Cr of Assets in the Rs 47,000 Cr Bhushan Steel Acquisition
ED Restores Rs 4,025 Crore Worth of Assets to JSW in Bhushan Steel Resolution Case In a significant development, the Enforcement Directorate (ED) on Saturday announced the return of assets worth Rs 4,025 crore to JSW, the successful resolution applicant…
India’s Coal Import Growth at 4%, Totals 162 Million Tonnes During April-October
India’s Coal Imports Rise 4.2% in April-October; October Figures Show a 14.4% Decline India’s coal imports grew by 4.2% during the April-October period of the current financial year, reaching 162.45 million tonnes (MT), compared to 155.87 MT in the same…
Nandan Nilekani Urges India to Rethink Building a New Large Language Model
Nandan Nilekani reiterated his stance that India should not allocate resources towards developing another large language model (LLM). Responding to comments made by Google Research India’s Director Manish Gupta, who suggested that India could benefit from creating a foundation model,…
BSE Sensex Stumbles Over 200 Points, Nifty50 Dips Under 24,500 Mark
Stock Market Today: Sensex and Nifty Open in Red Amid Mixed Global Cues Indian equity benchmark indices, BSE Sensex and Nifty50, began Friday’s session on a weak note. At 9:17 AM, the BSE Sensex was trading at 81,080, down 210…