The Centre has expedited the release of capex loans to states in the current financial year, disbursing a substantial Rs 30,000 crore under its special assistance scheme, aimed at accelerating infrastructure creation and supporting growth across sectors. This move aligns with the government’s broader strategy of reviving economic momentum through public capital expenditure, especially amid…
Elon Musk has once again made headlines by directing a significant infusion of capital into his artificial intelligence venture xAI, with SpaceX investing $2 billion, catapulting the company’s valuation to an impressive $113 billion. This strategic move underscores Musk’s determination to place xAI at the forefront of the rapidly intensifying global AI race dominated by…
Indian pharmaceutical major Cipla Ltd is set to make a strategic foray into the highly competitive and rapidly expanding weight-loss drug segment, positioning itself against global giants like Eli Lilly and Novo Nordisk, both of whom are redefining obesity treatment markets worldwide. Cipla’s Strategic Move According to top company executives, Cipla plans to develop and…
In a decisive policy push reflecting the changing global trade paradigm, India is accelerating its logistics infrastructure development to enhance resilience, reduce costs, and future-proof its supply chain ecosystem. This strategic shift aligns with international trends where geopolitical tensions, pandemic disruptions, and climate risks have redefined the traditional cost-optimised ‘just-in-time’ model towards a more robust,…
In a landmark statement highlighting India’s ambitious economic reforms, Civil Aviation Minister Kinjarapu Rammohan Naidu has declared that Gujarat’s GIFT City will unlock an annual opportunity worth USD 5 billion for the domestic aviation industry. His remarks come amidst continued policy focus to establish GIFT City as a globally competitive financial hub and transform India’s…
In a major decision aimed at enhancing formal credit access for farmers and micro, small, and medium enterprises (MSMEs), the Reserve Bank of India (RBI) has issued a fresh notification permitting banks to accept voluntary pledges of gold and silver as collateral for extending loans under agriculture and MSME categories. This move comes amidst the…
India’s global capability centres (GCCs) are set for transformational growth, evolving from traditional back-office units to strategic hubs driving innovation, according to Andrea Zimmerman, Senior Vice President, Enterprise Risk and Chief Information Security Officer at Target Corporation. In her recent India visit, Zimmerman outlined her vision for Target’s Bengaluru GCC and shared insights on how…
Amazon India’s quick commerce operations are poised for exponential growth, described as a “hockey stick growth curve” by Samir Kumar, CEO of Amazon Fresh and Quick Commerce. The remark comes amid intensifying competition in India’s hyperlocal delivery market, with players like Blinkit, Swiggy Instamart, Zepto, and Reliance-backed Dunzo making aggressive expansion moves in metros and…
India’s quick commerce giant Zepto is reportedly in advanced talks to raise up to $500 million at a valuation of around $7 billion, underlining the sector’s dramatic resurgence and investor optimism. According to market insiders, the Mumbai-based unicorn has initiated discussions with leading global investors to fuel its aggressive expansion and tech integration plans. Key…
Manipal Hospitals, one of India’s largest healthcare chains, has acquired Pune-based Sahyadri Hospitals from Ontario Teachers’ Pension Plan Board (OTPP) in a deal valued at $760 million (approximately ₹6,300 crore). This strategic move marks Manipal’s aggressive expansion into Maharashtra, strengthening its foothold in western India’s competitive private hospital market. Key highlights of the acquisition Background…
