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…
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)…
