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HDFC AMC Shares Surge 8% as Abrdn Exits, Garnering Rs 3,920.1 Crore-thumnail

HDFC AMC Shares Surge 8% as Abrdn Exits, Garnering Rs 3,920.1 Crore

The transaction involved UK-based Abrdn selling off its entire 10.2% stake, which comprised a hefty 2.18 crore shares in HDFC AMC. The price agreed upon for this substantial holding amounted

News

Jun 20, 2023

PCBL, a manufacturer of carbon black, has announced capacity expansion plans to reach 7,90,000 MTPA and 122 MW of green electricity-thumnail

PCBL, a manufacturer of carbon black, has announced capacity expansion plans to reach 7,90,000 MTPA and 122 MW of green electricity

PCBL has a production capacity of 6,66,000 MTPA (with the commissioning of the first phase of the Greenfield Project in Chennai with a capacity of 63,000 MTPA) and a capability to generate green electricity of 98 MW.

News

Jun 20, 2023

Food safety regulators in Tamil Nadu confiscate 15,000 tonnes of corn from Reliance Industries due to unclean conditions-thumnail

Food safety regulators in Tamil Nadu confiscate 15,000 tonnes of corn from Reliance Industries due to unclean conditions

Due to unsanitary storage conditions at a Tuticorin warehouse, food safety officials have seized 15,000 tonnes of corn owned by Reliance Industries. The food grains were discovered to be pest-infested

Industry

Jun 20, 2023

“Explain This Bob: The Rise and Challenges of a Twitter Bot”-thumnail

“Explain This Bob: The Rise and Challenges of a Twitter Bot”

Prabhu P Biswal, a virtuoso developer from Odisha, has cleverly come up with an avant-garde automaton called “Elucidate Enigma Bob”. This innovative creativity overcomes the challenge of translating the weird metaphors often found in newspaper articles about finance and business. The purpose of this automaton is to summarize complex information into logical and concise paragraphs. Originally conceived as a tool to hone programming skills, it quickly gained widespread acclaim across social media platforms, attracting users worldwide, including revered visionary Elon Musk.

News

Jun 19, 2023

Serentica Renewables places an order with Envision Energy for 350 MW of wind turbines-thumnail

Serentica Renewables places an order with Envision Energy for 350 MW of wind turbines

For the wind park, Envision Energy will deliver 106 units of its cutting-edge EN156/3.3 wind turbine generators. In projects in China and Vietnam, these turbines have already shown to be

News

Jun 19, 2023

Volvo to Embrace Direct-to-Customer Model, Following Mercedes’ Lead-thumnail

Volvo to Embrace Direct-to-Customer Model, Following Mercedes’ Lead

Volvo, the distinguished manufacturer of opulent automobiles, is poised to embrace the Direct-to-Customer (D2C) retail business paradigm, taking cues from the footsteps of Mercedes Benz India.

Automotive

Jun 19, 2023

Bank of England Conducts First System-Wide Stress Test-thumnail

Bank of England Conducts First System-Wide Stress Test

The Bank of England (BoE) has recently initiated its inaugural system-wide “stress test,” aiming to evaluate the collective behavior of major banks, insurers, clearing houses, and investment funds during periods

News

Jun 19, 2023

“WhatsApp introduces Community Entry Point Feature for iOS Users; simplifying adding Members to groups”-thumnail

“WhatsApp introduces Community Entry Point Feature for iOS Users; simplifying adding Members to groups”

Sources suggest that WhatsApp is working on a feature that will enable users to have multiple WhatsApp accounts on a single device. Currently, this is not possible, but with the

New Launch

Jun 19, 2023

Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires-thumnail

Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires

A Japanese firm, Yokohama Rubber Company, has announced intentions to increase its production of passenger vehicle tyres in India. 

Business

Jun 19, 2023

Subsidiary Berkshire Hathaway acquires a stake in five Japanese trading firms-thumnail

Subsidiary Berkshire Hathaway acquires a stake in five Japanese trading firms

In an intriguing turn of events, Berkshire Hathaway surprised the financial world on Monday by revealing that its wholly-owned subsidiary National Indemnity Company has significantly increased its stake in five prominent Japanese trading firms to an astonishing average of over 8.5%. These notable companies include Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo.

News

Jun 19, 2023

Electric aircraft maker Eve and Blade Air Mobility join hands to expand in Europe-thumnail

Electric aircraft maker Eve and Blade Air Mobility join hands to expand in Europe

, Eve and Blade Air Mobility have announced an expansion of their partnership, setting their sights on integrating Eve’s highly anticipated flying car into Blade’s extensive European route network. This ambitious endeavor, which kicks off in France, marks another milestone for the companies that have already joined forces to utilize Eve’s electric vertical take-off and landing vehicles in India and the United States.

Business

Jun 19, 2023

Airbnb signs MoU with Ministry of Tourism to showcase India’s heritage stays and cultural tourism-thumnail

Airbnb signs MoU with Ministry of Tourism to showcase India’s heritage stays and cultural tourism

This captivating collaboration aims to showcase India’s extraordinary heritage stays and invigorate cultural tourism. As part of the visionary ‘Visit India 2023’ initiative, Airbnb will become an enthusiastic partner to

News

Jun 19, 2023


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