Vedanta Resources is considering a US public listing for its Zambian unit, Konkola Copper Mines (KCM), as part of its efforts to raise approximately $1 billion for mine development. The mining conglomerate, owned by Indian billionaire Anil Agarwal, has engaged Barclays and Citigroup to advise on the potential initial public offering (IPO), with New York…
Gold prices in India have surged past the ₹1 lakh per 10 grams mark, driven by global economic uncertainty, a weakening US dollar, and strong investor demand. However, experts are now debating whether the rally will continue or if a correction is imminent. Gold’s Record-Breaking Surge Expert Predictions: More Gains or a Pullback? Investment Strategy…
Air India is reportedly exploring the opportunity to acquire Boeing aircraft originally intended for Chinese airlines, following escalating trade tensions between Washington and Beijing. The move comes as China halts further deliveries of US-manufactured Boeing jets, creating a window for India’s national carrier to expand its fleet. Strategic Shift in Aircraft Acquisition Impact of US-China…
Shark Tank India judge and Emcure Pharmaceuticals Executive Director Namita Thapar has responded to being labeled a ‘nepo-kid’ and ‘papa ki pari’, emphasizing that success in business requires determination and skill. In an exclusive interview, Thapar shared her perspective on second-generation entrepreneurs, highlighting their role in India’s economic growth. Thapar’s Response to Nepotism Claims Thapar…
The Assam Electricity Regulatory Commission (AERC) has granted in-principle approval to the Assam Power Distribution Company Ltd. (APDCL) for the purchase of 500 MW of power from four different power-generating companies. The move aims to address Assam’s growing electricity demand, driven by rapid industrialization, urbanization, and rural electrification efforts. Details of the Power Procurement Plan…
Former BharatPe co-founder and Shark Tank India judge Ashneer Grover once expressed his desire to disrupt the ride-hailing market dominated by Ola and Uber, in collaboration with BluSmart co-founder Anmol Jaggi. A handwritten note from Grover, dating back two years, revealed his ambitious vision for the partnership. The Note That Sparked Conversations In 2023, Grover…
India is exploring ways to strengthen its domestic shipbuilding industry to reduce its $75 billion annual import bill on foreign vessels. With 95% of India’s trade dependent on foreign-owned ships, experts argue that investing in local shipbuilding could enhance economic security and reduce forex outflows. Current Challenges in India’s Shipbuilding Sector Despite being the 16th…
Shares of Suzlon Energy jumped 8% on Monday after the Ministry of New and Renewable Energy (MNRE) issued a draft notification mandating local procurement of key components used in wind turbine manufacturing. The move aims to boost domestic production and reduce reliance on foreign suppliers, particularly Chinese manufacturers. Government’s New Policy The MNRE’s Revised List…
The Government of India has issued a clarification regarding the Goods and Services Tax (GST) applicable to UPI (Unified Payments Interface) transactions. In response to growing concerns, the Finance Ministry has confirmed that UPI payments for transactions above Rs 2,000 will not be subject to GST. The clarification comes after widespread confusion among businesses and…
ICICI Bank has reported a consolidated net profit of ₹13,502 crore for the January–March quarter of FY25, marking a 15.7% year-on-year increase. On a standalone basis, the bank’s net profit stood at ₹12,630 crore, up 18% from the same period last year. Key Financial Highlights: The bank’s board has recommended a dividend of ₹11 per…
