India’s retail sector experienced a significant slowdown in new store openings in 2024, with major players like Reliance Retail, Tata’s Trent, Aditya Birla Fashion & Retail, and DMart adopting a cautious expansion strategy. Data revealed that only three new stores were added daily on average in 2024, a steep decline from ten per day in…
Adani Enterprises, the flagship company of the Adani Group, has garnered significant market attention following a major block deal by Abu Dhabi-based IHC Capital Holding. The diversified investment group sold 84.48 lakh shares, equivalent to a 0.73% stake in Adani Enterprises, for ₹1,832 crore through open market transactions on Wednesday. Details of the Transaction The…
Shares of Castrol India witnessed a significant surge of over 13% on Thursday following reports that Saudi Aramco, the world’s largest oil company, is considering a potential bid for BP’s lubricant business, which operates under the Castrol brand. Market Performance Castrol India’s stock climbed 13.36% to ₹252 per share on the Bombay Stock Exchange (BSE)…
Gensol Engineering, a leading player in the clean energy sector, has issued a statement addressing recent allegations of document falsification and concerns over promoter share pledges. The company’s Chairman and Managing Director, Anmol Singh Jaggi, reassured stakeholders of Gensol’s commitment to financial stability and transparency. Allegations and Rating Downgrade The controversy arose after rating agencies…
Prime Minister Narendra Modi inaugurated the Vantara Wildlife Rescue and Rehabilitation Centre in Jamnagar, Gujarat, on March 4, 2025. This state-of-the-art facility, established by Reliance Industries Limited (RIL) and the Reliance Foundation, spans 3,000 acres and serves as a sanctuary for over 1.5 lakh rescued, endangered, and threatened animals from more than 2,000 species. During…
Tesla, the world’s leading electric vehicle (EV) manufacturer, is finally making its highly anticipated entry into India. The company’s first showroom in the country is set to open at Mumbai’s Bandra Kurla Complex (BKC), one of the city’s premier commercial hubs. *Tesla’s First Showroom in India* According to The Times of India, Tesla has leased…
India’s richest man, Mukesh Ambani, is renowned for his decision-making and risk-taking capabilities, qualities he inherited from his father, Dhirubhai Ambani. These attributes have propelled Reliance Industries to new heights every quarter. Mukesh Ambani resides in Mumbai with his wife, Nita Ambani, and their children Anant, Isha, and Akash Ambani. Their home, Antilia, is one…
Ola Electric Mobility Ltd is planning to lay off over 1,000 employees and contract workers as the company seeks to reduce its growing losses, according to a report by Bloomberg. The job cuts will affect multiple departments, including procurement, fulfilment, customer relations, and charging infrastructure. Sources familiar with the matter said that the layoffs are…
Amid the ongoing market downturn, Zerodha co-founder Nithin Kamath has a crucial message for investors: don’t panic. In a post on X, Kamath highlighted that this is the first real correction for many who started investing after the pandemic, reminding them that markets are cyclical and that steep declines were inevitable after the rally from…
The ongoing dispute between India’s National Restaurant Association of India (NRAI) and food delivery giants Swiggy and Zomato has intensified. NRAI alleges that the two platforms are misusing restaurant data to launch their own brands, thus competing directly with the businesses they serve. High commissions and the introduction of 10-minute food delivery services have further…
