In a recent episode of Shark Tank India Season 4, three enterprising founders – Ajith Sunny, Ranjit Kumar Behra, and Prince Jacob Thomas – pitched their sports brand Metashot, leaving the Sharks with varied opinions and a dash of humor. As the trio introduced their innovative cricket gaming company, Anupam Mittal couldn’t help but draw…
The Adani Group has reaffirmed its financial strength and resilience by reporting record-breaking earnings and robust liquidity, thereby solidifying its status as a leader in India’s infrastructure sector. *Record-Breaking EBITDA Growth* For the twelve months ending December 2024, Adani Group achieved a record-high trailing EBITDA of ₹86,789 crore, marking a 10.1% year-on-year increase. The December…
In a significant move aimed at providing relief to borrowers, the Reserve Bank of India (RBI) has issued draft guidelines proposing the elimination of foreclosure charges and prepayment penalties on floating rate loans. The central bank has invited public feedback on these draft rules, with the deadline set for March 21, 2025. Once finalised, the…
A new book has unveiled surprising and controversial details about the rift between the late Ratan Tata, Chairman Emeritus of Tata Group, and his former successor, Cyrus Mistry. The book, Ratan Tata: A Life, authored by Thomas Mathew, sheds light on the issues that led to Mistry’s exit from the Tata Group. *Ratan Tata’s Regret*…
In a significant move, former Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as ‘Principal Secretary-2’ to Prime Minister Narendra Modi. The Appointments Committee of the Cabinet (ACC) approved his selection, and the Department of Personnel and Training (DoPT) issued the official order on Saturday, February 22. This appointment marks the first…
For the first time in years, the observance of International Mother Language Day at the Bangladesh Deputy High Commission office in Kolkata was marked by restricted participation, with Indian attendees, including Bengalis from the city and West Bengal at large, being barred from the event. This move, reportedly directed by the interim government in Dhaka,…
In a significant business move, billionaire Mukesh Ambani’s Jio Financial Services has partnered with global asset management giant BlackRock to launch a joint venture, Jio BlackRock, aimed at providing asset management services in India. The venture has named Sid Swaminathan, a 20-year veteran in the asset management arena, to lead the initiative. *Leadership and Team*…
India’s foreign exchange reserves witnessed a decline of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This drop halts a three-week rising streak during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical Context…
India’s foreign exchange reserves experienced a significant drop of USD 2.54 billion, bringing the total to USD 635.721 billion for the week ending February 14, according to the Reserve Bank of India (RBI). This decline snaps a three-week rising streak, during which the reserves had increased by USD 7.654 billion to USD 638.261 billion. Historical…
Swiggy Ltd. has announced a significant investment of ₹1,000 crore in its wholly owned subsidiary, Scootsy Logistics Pvt. Ltd., to support its business expansion. The board of Swiggy approved this investment, which will be made in one or more tranches through a rights issue, according to an exchange filing on Friday. Investment Details The approved…
Adani Electricity Mumbai Limited (Adani Electricity) has been recognized as India’s premier power utility by the Ministry of Power (MoP), excelling in two independent assessment areas: Performance Excellence and Customer Service Excellence. The company announced this achievement in a statement on Friday. Top Ratings and Recognitions For the third consecutive year, Adani Electricity has secured…
Prime Minister Narendra Modi is set to release the 19th instalment of the PM-KISAN scheme on Monday, transferring around ₹22,000 crore directly to the bank accounts of 9.8 crore farmers. This initiative is part of the government’s ongoing effort to enhance the income of the farming community. Scheme Details Under the PM-KISAN scheme, each beneficiary…
India will soon begin discussions on a trade pact with the United States under the Donald Trump administration, which could potentially be the ‘mother of all deals,’ Commerce and Industry Minister Piyush Goyal announced on Friday. Addressing the Invest Kerala Global Summit, Goyal stated that the proposed agreement would symbolize a robust engagement with the…
Rail Vikas Nigam Limited (RVNL) has been awarded the status of the Lowest Bidder (L1) for a significant project by South Western Railway, the company announced on Friday. The project involves the “Engineering, Procurement, and Construction (EPC) for the design, supply, erection, testing, and commissioning of the 2×25 KV Overhead Electrification (OHE) and Power Supply…
Zerodha co-founder Nithin Kamath has weighed in on the debate sparked by Pullela Gopichand’s recent remark that “unless you are rich, don’t make your child a sportsperson.” While acknowledging Gopichand’s concern, Kamath offered a different perspective, emphasizing that passion and adaptability matter more than financial background. Kamath’s Perspective In a post on X (formerly Twitter),…
The Adani Group has announced plans to invest ₹30,000 crore in Kerala over the next five years, focusing primarily on the state’s port and airport infrastructure. This significant investment was revealed by Karan Adani, Managing Director of Adani Ports and SEZ, during his address at the Invest Kerala Global Summit. Key Investments and Projects The…
Tata Power Delhi Distribution (Tata Power-DDL) announced a significant collaboration with Probus Smart Things to revolutionize smart metering technology through the adoption of a universal Network Interface Card (NIC) with Bluetooth-enabled communication. This collaboration aims to enhance smart metering capabilities and ensure reliable and efficient communication, even in challenging network conditions. Innovative Use Cases and…
Tata Motors, the automobile giant of the Tata Group, has continued its bearish momentum for the third consecutive day this week. On February 20th, the heavyweight large-cap stock touched an intraday low of Rs 675.30 apiece, just Rs 8.3 away from its 52-week low. Tata Motors’ share price has been below the Rs 700 mark…
Shaadi.com founder and Shark Tank India judge Anupam Mittal has weighed in on the controversy surrounding comments made during comedian Samay Raina’s show, India’s Got Latent. In a LinkedIn post, Mittal expressed his views on the incident, highlighting the role of big tech firms in perpetuating such issues. Mittal stated that Ranveer Allahbadia, Apoorva Mukhija,…
India is on track to achieve high-income nation status by 2047, with a projected GDP of $23-$35 trillion, according to a new report by Bain & Company and Nasscom. The report, released on Thursday, attributes this growth to sustained annual growth rates of 8-10 percent, driven by the country’s demographic dividend, technological innovation, and sectoral…
After years of anticipation, Tesla is finally set to make its debut in the Indian market. The American electric vehicle (EV) giant, spearheaded by Elon Musk, has faced numerous challenges in entering India, including regulatory hurdles and high import taxes. However, recent reports indicate that Tesla is poised to introduce its EVs in India, with…
The National Company Law Tribunal (NCLT) Mumbai Bench has approved the resolution plan for Reliance Big Private Limited, owned by Anil Ambani, which was submitted by ACME Cleantech Solutions Private Limited. The plan outlines that financial creditors will receive a total of ₹3.5 crore against an admitted outstanding of ₹483.71 crore, resulting in a 99%…
The latest season of Shark Tank India has been a hotbed of innovation, with entrepreneurs from across the country presenting their groundbreaking products to a panel of esteemed investors, known as the “sharks.” The show has captivated audiences with its thrilling pitches, inspiring stories, and high-stakes investment deals. In a recent episode, entrepreneurs Sreeram Reddy…
In a recent report, Moody’s Ratings highlighted the urgent need for a substantial investment of USD 700 billion in India’s power sector over the next decade to help the country achieve its 2070 net-zero emissions pledge. The power sector, which is the largest carbon emitter in India, accounts for approximately 37% of the nation’s total…
