Adani Power Limited, a part of the Adani Group, has announced that it has received approval from the Committee of Lenders (CoC) for its resolution plan to acquire Vidarbha Industries Power Limited (VIPL), a subsidiary of Anil Ambani’s Reliance Power. This significant business development has created a buzz in the stock market. *Rise in Adani…
In a shocking case of cyber fraud, a retired teacher from Indore has been duped of Rs 96 lakh by scammers posing as officials from SBI Life Insurance. The elaborate scam, which unfolded over two years, saw the victim manipulated into paying money under the guise of policy-related processes and future benefits. According to a…
The Reserve Bank of India (RBI) has permitted depositors of the crisis-hit New India Co-operative Bank to withdraw up to Rs 25,000, effective from February 27. This decision comes after the central bank imposed All Inclusive Directions (AID) on the Mumbai-based cooperative bank on February 13, restricting any withdrawals from savings, current, or other accounts….
Adani Electricity Mumbai Ltd., a subsidiary of Adani Energy Solutions Ltd., has achieved the top spot across three national rankings conducted by the Ministry of Power. This accomplishment underscores the company’s excellence in performance, customer service, and sustainability. *Top Rankings for Adani Electricity* Adani Electricity was ranked first in the newly introduced Distribution Utilities Ranking…
Adani Power announced on February 24 that it has received a letter of intent (LoI) for the acquisition of Vidarbha Industries Power Ltd (VIPL) from the resolution professional overseeing VIPL’s insolvency process under the Insolvency and Bankruptcy Code 2016. The Committee of Creditors of VIPL has approved the resolution plan submitted by Adani Power. VIPL,…
Gautam Adani, Chairman of the Adani Group, has announced plans to invest over Rs 1.1 lakh crore in various sectors across Madhya Pradesh. Speaking at the Madhya Pradesh Global Investors Summit (GIS) 2025 on Monday, Adani revealed that these investments are projected to generate more than 1.2 lakh employment opportunities in the state by 2030….
In the most recent episode of Shark Tank India, the husband-and-wife team behind the demi-fine jewelry line Palmonas made an appearance, making what could be considered the most on-brand pitch of the season. ### The Pitch and Shraddha Kapoor’s Stake Pallavi and Amol defined demi-fine jewelry as falling somewhere between fine and artificial jewelry, highlighting…
In a thrilling episode of Shark Tank India 4, two young entrepreneurs presented their innovative startup, Solnce, which offers India’s first one-stop solar app. The platform provides consumers with a comprehensive solution to understand solar requirements, compare products and prices, and install them. The founders sought an investment of Rs 1 crore in exchange for…
The Adani Group, led by billionaire Gautam Adani, has released its Tax Transparency Reports for the fiscal year 2023-2024 (April 2023 to March 2024). According to the release, the group paid Rs 58,104 crore in taxes for the fiscal year 2023-24, a significant increase from Rs 46,610 crore in the previous financial year. The taxes…
Tata Motors Ltd has witnessed the departure of several senior executives as the company restructures its operations, separating its car and truck manufacturing divisions to enhance competitiveness in each segment and maximize value. According to reports, at least half a dozen exits have taken place since August, all in the ranks of team heads or…
