Bikaji’s Journey: Take a turn back to the 1980s when Bikaji took its initial steps in the vibrant city of Bikaner

Bikaji products are kept for sale in a store in Mumbai

Rajasthan, October 5 (Meel Bijendra) – From humble origins, Bikaji embarked on an ambitious mission to grow and strengthen its business, leading the company to reach an unprecedented milestone in 2022 when it took the significant leap of going public. Take a glimpse of the captivating chapters that have shaped Bikaji’s remarkable journey so far: … Read more

SBI raises INR 10,000 crore through long-term infrastructure bonds at 7.49% coupon rate

State Bank of India logo

Mumbai, September 25 (Meel Bijendra) – State Bank of India (SBI) has raised INR 10,000 crore through long-term infrastructure bonds at 7.49% coupon rate, and with this issue, SBI has a long-term bond outstanding of INR 39,718 crore. State Bank of India became the third lender and seventh Indian company to cross the market capitalization … Read more

An average Indian spends about 6.5 hours per day on the Internet and the Internet economy will reach a size of nearly $1 trillion by 2030

5G is written in a blue circle on the Indian flag in the background of the phone

Mumbai, September 19 (Meel Bijendra) – The Indian economy received a significant boost with the acceptance of digitalization by intermediaries across the value chain (consumers, suppliers, wholesalers/distributors), supported by better internet infrastructure and connectivity. India’s digital journey holds significant potential for growth, supported by the interest of large corporates to democratize data and serve stakeholders. … Read more

Retail lending market expected to touch USD 1 trillion and MSME lending market to touch USD 600 billion by FY 2026

Indian 500 rupee notes lie on the cashier counter of a branch of HDFC Bank in Mumbai

Mumbai, September 15 (Meel Bijendra) – Several developments over the past few years have helped shape India’s payments landscape, be it innovation in mobile payments infrastructure, continued regulatory support, or government initiatives to increase consumer and merchant acceptance. Given the growing shift towards a cashless economy and users’ preference for transactions via smartphones, mobile payments … Read more

Adani Wilmar is market leader in Refined Oil Consumer Pack segment in India with 19.5% market share

Refined 5-liter plastic cans of edible oil are kept with Adani Wilmar's logo in the background

Mumbai, September 12 (MeelBijendra) – Adani Wilmar is the market leader in India’s edible oil segment and ROCP (Refined Oil Consumer Pack) segment with over 19.5% market share through its brand portfolio. Adani Wilmar is involved in crushing and processing oilseeds to extract crude oil. Crude oil, obtained externally or internally through a crushing process, … Read more

India’s current use of hydrogen in fertilizer manufacturing, ammonia or petroleum refining is about 6 million tonnes

Power generating windmill turbines are pictured during the inauguration ceremony of the new 25 MW ReNew Power wind farm at Kalasar village in the western Indian state of Gujarat

Mumbai, September 10 (MeelBijendra) – India set ambitious targets to achieve energy independence by 2047 and reach net zero emissions by 2070. The key to achieving these goals lies in the widespread adoption of renewable energy across all sectors of the Indian economy. Of all the options that could facilitate this energy transition, green hydrogen … Read more

Tata Motors becomes the third OEM in India to cross the annual sales mark of 5 lakh vehicles

Traffic moves on a road during hot weather on the outskirts of Ahmedabad

Mumbai, September 10 (MeelBijendra) – Tata Motors‘ passenger and electric vehicle business in India continues strong performance for the third consecutive year and recorded its highest-ever annual sales of approximately 5,41,000 vehicles in FY23 which is a growth of 45% compared to FY22. EV sales crossed the 50,000 annual sales milestone and accounted for 12% … Read more

India aims to achieve 30% EV penetration in private cars, 70% in commercial vehicles and 80% in two and three wheelers by 2030

Sales of electric vehicles in India are shown in the chart

NEW DELHI, August 20 (MeelBijendra) – Electric car industry in India is still in its nascent stage with 41,441 units being sold in the first few months of FY23 and electric vehicle sales in India are expected to register a strong growth rate in the coming decade. In India, 2,433 electric cars were sold in … Read more

Tejas Networks executes INR 7,492 crore master contract with TCS to supply its Radio Access Network equipment for BSNL’s pan-India 4G/5G network

share price on the screen

Tejas Networks Limited today announced that it has executed a Master Contract for supply, support and annual maintenance services of its Radio Access Network (RAN) equipment for BSNL’s Pan-India 4G/5G network, with Tata Consultancy Services Limited (TCS). As a part of this contract, the Company received a Purchase Order from TCS for Rs 7,492 crore … Read more

Economists say India’s real GDP growth rate to be around 9.4% per annum by FY27 and world’s third largest economy by 2030

Indian 500 rupee notes lie on the cashier counter of a branch of HDFC Bank in Mumbai

India is the fifth largest economy in the world with a gross domestic product (GDP) of about US$3.5 trillion in 2022, despite a period of sustained economic growth interrupted by the COVID-19 pandemic. The largest country in the Indian subcontinent located in South Asia, India’s GDP declined by 7.3% in 2020 due to the stringent … Read more

Ambuja Cements acquires 56.74% stake in Sanghi Industries at an enterprise value of INR 5000 crore and open offer for acquisition of additional 26% stake

Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, August 3 (MeelBijendra) – On Thursday 3rd August 2023 Ambuja Cements Limited formerly known as Gujarat Ambuja Cement Limited (GACL) announced that it has acquired 56.74% stake in Sanghi Industries Limited. Sanghi Industries is in the business of Cement manufacturing in India, established on 14th June 1985 and Sanghi Industries has a network of … Read more

Paytm’s quarterly revenue up 39% on increased loan demand; ₹359 crore YoY improvement in EBITDA before ESOP

The Paytm logo is pasted on a wall at Paytm's office in Delhi

MUMBAI, July 22 (MeelBijendra) – Paytm‘s parent One97 Communications Ltd on Friday released its Q1 FY24 results in which the company’s revenue grew by 39% YoY to INR 2,342 crore. In the previous quarter i.e. Q4 FY23, the company had a revenue of INR 2,152 crore (One 97 Communications has excluded UPI incentives of INR … Read more

Adani’s renewable energy arm Adani Green to raise ₹12,300 crore for green energy diversification

Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

Adani Green, the renewable energy arm of Adani Group, in its board meeting held on July 6, 2023, has approved a plan to raise ₹12,300 crore to finance green energy diversification. Tycoon Group’s renewable energy company will use the funds to diversify its green energy supply in India by selling shares through a qualified institutional … Read more

Valiant Laboratories files DRHP with SEBI for IPO approval for fresh issue of 1,15,56,000 equity shares

The new logo of the Securities and Exchange Board of India (SEBI) is seen on the facade of its headquarters in Mumbai

On Monday, June 5, Valiant Laboratories, a subsidiary of Valiant Organics, filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for approval of an Initial Public Offer (IPO) for a fresh issue of 1,15,56,000 equity shares. Also read: India’s Axis Bank executes first onshore INR non-deliverable derivative trade with … Read more

Praj Industries Ltd granted in-principle approval to form a Joint Venture company with Indian Oil Corporation Ltd

Indian Oil

On 25 May 2023, the Board of Indian Multinational Project Engineering Company Praj Industries Limited gave its in-principle approval to form a joint venture with Indian Oil Corporation Limited. Read Also: Green Hydrogen Energy: India plans to produce 5 million tonnes of green hydrogen by 2030 Praj Industries Limited’s diversified portfolio includes Bio-energy solutions, High … Read more

Go First Collapse Explained: what and why Go First Airline faced bankruptcy crisis

Go First airline's A320neo passenger plane passing over the city of Mumbai, India

India’s aviation sector is once again in the limelight after the Indian GoFirst airline filed for bankruptcy on Tuesday. On 2 May 2023, GoFirst Airline filed an application for resolution under Section 10 of the Insolvency and Bankruptcy Code with the National Company Law Tribunal (NCLT) in Delhi. GoFirst is India’s third-largest budget carrier airline, … Read more

Nestle India Q1 CY23 results: Net profit increased by 24.7% YoY to ₹ 736.64 crore; Declared interim dividend of ₹ 27 per share

share price on the screen

On Tuesday 25 April, Nestlé India Limited, an Indian subsidiary of Swiss multinational company Nestle, released the results of the January-March quarter i.e. Q1 CY2023. Nestle India Limited recorded an increase of ₹ 736.64 crores in its net profit in quarter 1 of the current year 2023 (Q1 CY23) with an increase of 24.7% year-on-year. … Read more

HCL Tech Q3 FY23 earnings: Gross profit grew by 16.9% YoY to Rs 9980 crore; interim dividend of Rs 10 per equity share

share price on the screen

Today HCL Tech announced its Q3 FY23 results after the market closed on Thursday. HCL Tech reported a 19.3% YoY growth in total income at Rs 26,960 crore in Q3 FY23 as against Rs 22,586 crore in the same quarter last year. HCL Tech reported a 18.9% YoY increase in total expenses to Rs 21,588 … Read more

OYO files addendum to DRHP for its IPO with SEBI along with latest financial results

The logo of OYO, India's largest hotel chain, is seen installed on a hotel building in Jaipur

On Monday 19 September, OYO filed an addendum to the Draft Red Herring Prospectus (DRHP) filed earlier for its initial public offering (IPO) in October 2021 with the Securities and Exchange Board of India (SEBI). OYO (formally Oravel Stays Limited) disclosed its latest financials in the IPO filing addendum in which OYO’s revenue stood at … Read more

India cross 10 crore Demat accounts in August 2022, 60% new Demat accounts opened in 29 months

Statistics of Demat Accounts in 2022

Indian stock market touched a significant milestone of 10 crore Demat accounts in August 2022. A total of 22 lakh new Demat accounts were opened in the month of August. Now the total Demat account in India is 10,05,10,862 crores which is a new record for the Indian stock market. According to the National Securities … Read more

India gifts Dornier aircraft to Sri Lanka during a ceremony in Colombo

Indian Dornier aircraft flying in the sky during training

On Monday 15 August 2022, India gifted a Dornier-228 aircraft to strengthen Sri Lanka‘s maritime security. The Indian Air Force and Indian officials handed over the Dornier-228 Maritime Surveillance Reconnaissance Aircraft to the Sri Lankan Air Force base at Katunayake during a ceremony. Katunayake is a suburb of the city of Negombo in Sri Lanka, … Read more

Fare cap on domestic airlines to be removed from August 31: Civil Aviation

Airplane at Jaipur airport

India’s civil aviation ministry has announced that from August 31 2022 all fare caps on domestic airlines will be removed. The Indian government on 21 May 2020 had set minimum and maximum price bands for airfares based on flight duration during the coronavirus pandemic to control fares. Aviation Minister Jyotiraditya Scindia said that due to … Read more