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Centre declines $1 billion proposal put forth by BYD Motors and Megha Engineering to EVs in India-thumnail

Centre declines $1 billion proposal put forth by BYD Motors and Megha Engineering to EVs in India

In a twist, the Centre has declined the $1 billion proposal put forth by BYD Motors and Megha Engineering to establish an electric vehicle manufacturing facility, in India. The decision

Automation

Jul 22, 2023

Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results-thumnail

Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results

Paytm, the payments company has shown growth, in Q1 with a remarkable 39.4% increase in revenue to Rs 2,341 crore. The company’s losses have also decreased by 45% highlighting its

Finance

Jul 22, 2023

L&T Construction received an order for the Mumbai-Ahmedabad high-speed rail project for over Rs 7,000 crore-thumnail

L&T Construction received an order for the Mumbai-Ahmedabad high-speed rail project for over Rs 7,000 crore

Larsen & Toubro’s stock is under keen observation after the business said on Thursday that its board of directors would meet on July 25 to discuss a repurchase of equity shares and a special dividend for its shareholders.

News

Jul 21, 2023

The UPI payment concept from India has now reached Sri Lanka after France and Singapore-thumnail

The UPI payment concept from India has now reached Sri Lanka after France and Singapore

Now, Sri Lanka, a neighbour, will accept payments made via India’s Unified Payments Interface (UPI) system.  In addition to UPI’s approval, a number of agreements were also signed between India

Finance

Jul 21, 2023

Major Indian IT Giants Infosys, TCS, And Wipro: Hiring, Net Employee Increase, Falls In Q1 FY24-thumnail

Major Indian IT Giants Infosys, TCS, And Wipro: Hiring, Net Employee Increase, Falls In Q1 FY24

This month saw the release of the Q1 FY 2023–24 results from Indian IT Giants Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech. Comparing the current quarter to the previous one, the enterprises have seen a sharp decrease in workforce addition.

Business

Jul 21, 2023

The CEO of Air India visits Apple’s US headquarters and discusses potential business relationships-thumnail

The CEO of Air India visits Apple’s US headquarters and discusses potential business relationships

The Tata Group Air India’s CEO Campbell Wilson recently travelled to the Apple headquarters in Palo Alto, California, to discuss potential business prospects. Apple Inc. creates, produces, and sells smartphones,

CXO Insight

Jul 21, 2023

Investors in the online gaming industry want to meet with PM Modi to discuss 28% -thumnail

Investors in the online gaming industry want to meet with PM Modi to discuss 28% 

Concerns concerning the application of the Goods and Services Tax (GST) to online gaming operators have been voiced in letters to Prime Minister Narendra Modi by investors in India’s online

Finance

Jul 21, 2023

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal-thumnail

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal

Billionaire investor Radhakishan Damani, the founder of Avenue Supermarts has made an acquisition by purchasing Health and Glow a known beauty and personal care retail chain based in Bangalore. The

Business

Jul 21, 2023

A South American meatpacker seeks $125 million in export financing-thumnail

A South American meatpacker seeks $125 million in export financing

Frigorifico Concepcion SA, a South American meatpacker, intends to borrow up to $125 million from investors this year to boost exports, according to director Jorge Usandivaras. Usandivaras anticipates closing the

Finance

Jul 21, 2023

SBB raises $228 million from Morgan Stanley fund sale-thumnail

SBB raises $228 million from Morgan Stanley fund sale

Swedish real estate company SBB has announced the issuance of preference shares to Morgan Stanley’s investment fund for 2.36 billion Swedish crowns ($228 million), taking proactive measures to strengthen its

Investment & Funding

Jul 21, 2023

Chinese Authorities’ Measures Aim to Revive Sluggish Economy, but Investors Remain Unimpressed-thumnail

Chinese Authorities’ Measures Aim to Revive Sluggish Economy, but Investors Remain Unimpressed

As the Chinese economy faces challenges in its post-pandemic recovery, Chinese authorities have taken steps to bolster sales in the automobile and electronics sectors. However, these measures have failed to meet investor expectations, who are calling for more robust stimulus to stimulate growth.

Business

Jul 21, 2023

Surat Diamond Bourse: The World’s Largest Office Space-thumnail

Surat Diamond Bourse: The World’s Largest Office Space

On November 21, Prime Minister Narendra Modi is set to inaugurate the Surat Diamond Bourse (SDB), a groundbreaking project that is being hailed as the world’s biggest office space in a single development. This ambitious initiative aims to expand and relocate the diamond trading business from Mumbai to Surat, the diamond-cutting and polishing hub of India. With its grand scale, state-of-the-art infrastructure, and focus on promoting trade, innovation, and collaboration, the Surat Diamond Bourse is poised to become a central pillar of India’s diamond industry and a testament to the country’s entrepreneurial spirit.

Business

Jul 21, 2023


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