Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, has announced the acquisition of the North Queensland Export Terminal (NQXT) in Australia. This marks the company’s fourth international asset, following its operations in Haifa (Israel), Colombo (Sri Lanka), and the Port of Dar es Salaam (Tanzania). The acquisition, valued at approximately…
In a significant development, Paytm founder and CEO Vijay Shekhar Sharma has voluntarily surrendered 21 million employee stock options (ESOPs) valued at over ₹1,800 crore. The decision comes in the wake of regulatory scrutiny by the Securities and Exchange Board of India (SEBI) over alleged violations in the issuance of share-based employee benefits. The ESOPs,…
HDFC Bank, India’s largest private sector lender, is set to announce its financial results for the fourth quarter of FY25 on April 19, 2025. Analysts predict a steady performance, with modest growth in net profit and net interest income (NII), as the bank continues to navigate post-merger challenges and focus on operational efficiency. Key Expectations…
Infosys co-founder Narayana Murthy’s family has garnered significant attention following the announcement of the company’s final dividend for the financial year 2024-25. The IT giant declared a ₹22 per share dividend, benefiting shareholders and members of the promoter group. Among the beneficiaries is Murthy’s 17-month-old grandson, Ekagrah Rohan Murty, who will receive ₹3.3 crore from…
In a landmark development, Tata Consultancy Services (TCS), a subsidiary of the Tata Group, has been allotted 21.16 acres of prime land in Visakhapatnam, Andhra Pradesh, for a symbolic lease amount of just 99 paisa. This strategic move is part of the Andhra Pradesh government’s initiative to position Visakhapatnam as a leading IT hub in…
In a dramatic escalation of the ongoing trade conflict, the Donald Trump administration has announced sweeping tariffs of up to 245% on Chinese imports. This move comes in direct response to China’s recent decision to halt the export of heavy rare earth metals and magnets, materials critical to industries such as aerospace, defense, and semiconductors….
In a historic move, Apple has airlifted iPhones worth a record $2 billion from India in March 2025, marking a significant milestone for the country’s burgeoning electronics manufacturing sector. This unprecedented operation involved Apple’s key suppliers, Foxconn and Tata Electronics, and highlights India’s growing role as a global hub for smartphone production. The airlift, which…
Gold prices in India have surged to an all-time high, crossing the ₹95,000 mark per 10 grams for the first time. This historic milestone comes as the global economic landscape faces heightened uncertainties, including a weakening US dollar and the ongoing trade war between major economies. On April 16, 2025, gold prices on the Multi…
Dixon Technologies, a leading electronics manufacturing services firm, witnessed a 2% surge in its stock prices following the announcement of its ₹1,000 crore facility near Chennai. The project, set to be established at the Indospace Industrial Park in Oragadam, aims to bolster India’s electronics manufacturing capabilities and create 5,000 jobs in the region. Here are…
Global financial markets faced a sharp downturn on April 9, 2025, following China’s announcement of new tariffs on US imports. The Dow Jones futures dropped by 2%, while the UK’s FTSE 100 index tumbled by 4%, reflecting widespread investor panic. The move comes as part of escalating trade tensions between the world’s two largest economies….
