The National Securities Depository Limited (NSDL) is gearing up to launch its highly anticipated Initial Public Offering (IPO) worth ₹3,000 crore. This public issue, expected to go live by the end of March or early April, is entirely an Offer for Sale (OFS), with prominent stakeholders such as the National Stock Exchange (NSE), IDBI Bank,…
San Francisco-based artificial intelligence company OpenAI is reportedly preparing to launch specialized AI agents, designed to provide expert-level knowledge and support across various domains. According to a report by The Information, these advanced AI agents could come at a high subscription price of up to $20,000 (approximately ₹17.41 lakh) per month and will not be…
The Indian Renewable Energy Development Agency Ltd. (IREDA) announced on Saturday that the Reserve Bank of India (RBI) has declined its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. Despite the setback, IREDA has confirmed its intention to resubmit the proposal. Background of the Investment Plan IREDA…
Industrialist Anand Mahindra has hailed Morbi, a small town in Gujarat, as India’s “Bahubali” of business for its remarkable dominance in the global ceramic industry. In a recent tweet, the Mahindra Group Chairman shared a video showcasing Morbi’s achievements, highlighting its ability to compete with China’s pricing while matching Italy’s quality. A Global Ceramic Hub…
India has emerged as one of the largest importers of Russian crude oil since the onset of the Ukraine war, spending approximately ₹1.15 lakh crore on purchases. This significant shift in India’s energy sourcing comes as Western sanctions on Russia have led to discounted oil prices, making Russian crude an attractive option for non-Western buyers….
India’s leading IT companies, including Tata Consultancy Services (TCS), Wipro, and Infosys, are undergoing significant workforce restructuring as they reduce bench sizes to address slowing revenue growth and margin pressures. This move has raised concerns about potential layoffs, particularly for employees with legacy skills. In the IT industry, “bench time” refers to the period when…
Reliance Retail Ventures, led by Mukesh Ambani and his daughter Isha Ambani, has initiated a significant workforce restructuring as part of its broader strategy to enhance operational efficiency and prepare for its highly anticipated Initial Public Offering (IPO). The move comes amid a sharp decline in the company’s valuation, which has dropped to $50 billion…
Mukesh Ambani, Chairman of Reliance Industries, and his wife Nita Ambani have added a prestigious property to their portfolio with the acquisition of Stoke Park, a historic 300-acre estate on the outskirts of London. The property, purchased for approximately ₹529 crore, is now under the management of Reliance Industrial Investments and Holdings Limited, a subsidiary…
Suzlon Energy Ltd., a leading renewable energy solutions provider, has announced its largest-ever Commercial & Industrial (C&I) segment order, marking a significant milestone in its operational history. This development comes as the company’s share price hovers below ₹50, reflecting a 43% decline from its 52-week high of ₹86. The Pune-based company has secured a third…
Ola Electric, India’s leading electric vehicle (EV) manufacturer, has achieved a significant milestone by becoming the first two-wheeler EV maker in the country to qualify for incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Components. The company has been granted a total incentive of ₹73.7 crore for its determined sales value…
