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)…
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…
