Ola electric’s move marks a milestone as it aims to raise Rs 5,500 crore in a landmark IPO, drafts papers and presents key risk factors to potential investors to SEBI. This move sets the stage for the first-ever public listing by an Indian EV firm, disrupting the market and fueling the EV revolution. The proposed […]
Japanese electronics firm Toshiba has identified power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand. The optimistic vision was notified by the company’s Chief Executive Taro Shimada on Friday, as the company was taken private. Toshiba completed its USD 14 billion buyout by private equity firm Japan […]
Zomato’s shares opened higher on 22 December, a day after CEO Deepinder Goyal denied reports of the company planning to acquire Shiprocket for USD 2 billion. Goyal stated in a post on X (formerly Twitter), “We have noticed that there are certain news articles circulating in the mainstream media with the subject ‘Zomato offers to […]
Ambuja Cements, a key player within the Adani Group specialising in cement and building materials, has announced a substantial investment of Rs 6,000 crore dedicated to renewable energy projects. Their ambitious goal is to establish a robust capacity of 1,000 MW by leveraging solar and wind power initiatives. This investment plan spans across strategic locations […]
In early Asian trade on Friday, oil prices surged, poised to achieve their first weekly gain in two months, fueled by a positive outlook on oil demand from the International Energy Agency (IEA) for the coming year and a decline in the value of the dollar. According to Reuters, Brent futures experienced a 9-cent increase, […]
Hindustan Coca-Cola Beverages (HCCB), the largest bottling partner of Coca-Cola India, has formalised a Memorandum of Understanding (MoU) with the Gujarat government, affirming a substantial investment of Rs 3,000 crore in the state. The announcement precedes the Vibrant Gujarat Global Summit 2024 scheduled for 10-12 January 2024. The major investment is earmarked for the establishment […]
European Free Trade Association member countries and India are making “progress” on an agreement on free trade, with officials saying that the two sides have “never been closer” to a pact. In exclusive interviews with ANI on Wednesday, Norwegian Trade Minister Jan Christian Vestre and Swiss State Secretary for Economic Affairs Helene Budliger Artieda commended […]
The manufacturing sector in India has been witnessing proliferating growth in investment, depicting a crucial phase in the country’s economic arena. As per the published dossiers by the Department for Promotion of Industry and Internal Trade (DPIIT), the manufacturing sector engrossed substantial Foreign Direct Investment (FDI), with FDI equity inflows tallying around USD 17.51 billion […]
A high-level committee that met in Belgaum approved the establishment of 14 enterprises with a total capital investment of Rs 34,115 crores, which includes Foxconn’s proposal to invest an additional amount of Rs 13,911 crore in Karnataka, said Chief Minister Siddaramaiah. These capital investments are expected to employ over 13,300 people across the state, said […]
Multimedia short video streaming platform TikTok’s parent company ByteDance has agreed to invest USD 1.5 billion in a joint venture (JV) with Indonesia’s GoTo Group. With this deal, the Chinese company can restart its shopping app in its biggest online-retail market. Under the joint venture, TikTok Shop business will be combined with GoTo’s e-commerce unit […]
