Gautam Adani (PTI file photo) MUMBAI: Following US securities and wire fraud allegations, Adani Ports and Special Economic Zone, led by Gautam Adani, has withdrawn from a financing arrangement with a US agency for a Sri Lankan port terminal project, opting instead to utilise its own resources. In light of the US indictment, securing loans…
NEW DELHI: Jubilant Bhartia Group, a multi-billion conglomerate with interests across sectors, such as pharma and QSR, will acquire a 40% equity stake in Hindustan Coca-Cola Holdings (HCCH) through Jubilant Beverages, for over Rs 10,000 crore. HCCH is the parent company of Hindustan Coca-Cola Beverages (HCCB), the largest Coca-Cola bottler in the country. Both companies…
RBI governor Sanjay Malhotra Sanjay Malhotra, who took over as RBI’s 26th governor on Wednesday, said stability, trust and growth will remain the central bank’s core values. “India’s growth trajectory must continue, and RBI will play a key role in fostering it. Financial inclusion is central to this effort,” he said in Mumbai.The ex-revenue secretary…
EPFO members will have the capability to access their provident funds through ATMs. Provident Fund withdrawal from ATMs soon? Come 2025, you may be able to withdraw your provident fund directly from ATMs. The Labour Ministry is modernising its information technology infrastructure to deliver better services to the country’s substantial workforce.EPFO members will have the…
IndiGo vs Air India: Industry analysts predict that passengers will benefit significantly from this competition. (AI image) IndiGo, India’s largest carrier, plans to introduce business class seating, challenging Air India’s dominance in the premium travel segment. This represents a significant departure from IndiGo’s previous model of operating exclusively economy-configured aircraft focused on providing cost-effective travel…
Tesla seeks 3,000 to 5,000 square feet for a customer experience centre in Delhi. (AI image for representative purpose) Elon Musk-led Tesla has recommenced its search for showroom locations in New Delhi, according to two sources who spoke to Reuters, indicating a potential reconsideration of its Indian market entry after previously suspending investment plans this…
The market outlook appears range-bound in the near term, say analysts. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday. While BSE Sensex was above 81,500, Nifty50 was near 24,600. At 9:19 AM, BSE Sensex was trading at 81,518.74, up 9 points or 0.011%. Nifty50…
JM Financial has a dozen stocks on its list with estimated returns as high as 49%. In its ‘Top 12 bottom-up stocks for 2025’, Bhel with a price target of Rs 371, could rally as much as 49% from current levels. From among the list, Maruti could rise 35%, Zee Entertainment 41% and Axis Bank…
An entity majority-owned by embattled billionaire Gautam Adani, who was indicted in US courts last month, has pulled back from a loan pact valued at $553 million from the US International Development Finance Corporation, according to a company filing.“The project will be financed through the company’s internal accruals and capital management plan. We have withdrawn…
MUMBAI: In a fresh turn of events in the Kalyani family dispute, Sugandha Hiremath – Hikal director and sister of Bharat Forge chairman Baba Kalyani – has disputed the legitimacy of her late mother’s wills, which primarily benefits her two brothers Baba Kalyani and Gaurishankar Kalyani. Their mother had made two distinct wills before her…
