Colombo, April 7, 2025 – Adani Ports and Special Economic Zone Ltd. (APSEZ) has officially commenced operations at the Colombo West International Terminal (CWIT), marking a significant milestone in regional maritime logistics. The $800 million project, located at the Port of Colombo, is the first fully automated deep-water terminal in the region, designed to enhance…
The United States stock market witnessed a historic downturn, losing $5 trillion in market value within just seven days, following President Donald Trump’s announcement of sweeping new tariffs. The tariffs, which include a 34% levy on all Chinese imports, have intensified the ongoing trade war between the world’s two largest economies, triggering global market turmoil….
In a significant step towards sustainability, Indian Railways has approved a Rs 18,658 crore project aimed at reducing carbon emissions by 477 crore kilograms and cutting oil imports by 95 crore liters annually. The initiative is part of the national transporter’s commitment to achieving net-zero carbon emissions by 2030 under the PM Gati Shakti National…
Anil Ambani’s sons, Jai Anmol Ambani and Jai Anshul Ambani, are spearheading efforts to revive the debt-ridden Reliance Group, once a thriving business empire. The brothers have taken on leadership roles within the group, working tirelessly to clear debts, secure new deals, and restore the company’s former glory. Jai Anmol, the elder son, has been…
Tata Capital, the financial services arm of the Tata Group, has taken a significant step toward its $2 billion Initial Public Offering (IPO) by filing draft papers through the confidential pre-filing route. This strategic move aligns with the Reserve Bank of India’s (RBI) mandate for upper-layer non-banking finance companies (NBFCs) to list on the stock…
Rinshul Chandra, the Chief Operating Officer (COO) of Zomato’s Food Delivery business, has officially stepped down from his role, effective April 5, 2025. The announcement was made through a regulatory filing by Zomato, where Chandra cited his decision to “pursue new opportunities and passions” as the reason for his resignation. In his resignation letter addressed…
Shares of state-run oil exploration companies, Oil and Natural Gas Corporation (ONGC) and Oil India, witnessed a significant drop on Friday, April 4, 2025, following a sharp decline in global crude oil prices. ONGC’s stock fell by 7%, trading at ₹225.25 per share, while Oil India experienced a 6.5% drop, closing at ₹366.1 per share….
Fintech giant Navi, co-founded by Sachin Bansal, has announced plans to go public by the financial year 2026, leveraging its impressive milestone of 20 million monthly active users. Speaking at the Startup Mahakumbh 2025, Bansal emphasized the company’s readiness to tap into public markets to fuel its next phase of growth. “We have reached a…
Union Commerce and Industry Minister Piyush Goyal has urged entrepreneurs, including Shark Tank India judges Aman Gupta and Vineeta Singh, to rethink their investment strategies and focus on high-tech industries. Speaking at the Startup Mahakumbh 2025, Goyal emphasized the need for innovation-driven businesses that contribute to India’s long-term economic and technological growth. Addressing the judges…
Bank of Baroda (BoB) witnessed a notable rise in its share price after releasing an impressive Q4 business update for the financial year 2024-25. The state-owned lender reported robust growth in both advances and deposits, reflecting its strong financial performance and strategic initiatives. The bank’s global business grew by 11.44% year-on-year (YoY), reaching ₹27.03 lakh…
