Wipro embarks on a transformational journey by becoming an AI-first organization

Wipro logo

Mumbai, October 5 (Meel Bijendra) – With a clear vision, Wipro aims to leverage AI to revolutionize industries and drive innovation at every level, setting a new benchmark for intelligent enterprises around the world. Through Wipro’s commitment to AI, the company is set to shape the future and redefine the possibilities of technology. Investing in … Read more

Kotak’s consolidated asset base stood at INR 6.2 trillion as of 31st March 2023 with market capitalization of INR 3.4 trillion

Kotak Mahindra Bank logo

Mumbai, October 1 (MeelBijendra) – Kotak is one of India’s leading diversified and integrated financial services conglomerates, providing a wide range of financial solutions, covering banking (consumer, commercial and corporate), credit and financing, asset management, alternate assets, life and general insurance, stock broking, investment banking, private banking, microfinance and asset reconstruction across customer and geographic … Read more

Bank of Baroda’s total deposits increased by 15.1% YoY to INR 12,03,688 crore during FY 2023

Bank of Baroda logo

Gujarat, September 24 (Meel Bijendra) – The total deposits of Bank of Baroda increased to INR 12,03,688 crore during FY 2023 from INR 10,45,939 crore during FY 2022, registering a growth of 15.1% on an annual basis. Bank of Baroda is the second largest public sector bank in India after State Bank of India with … Read more

ACC Limited commences commercial production of clinker at its new state-of-the-art Ametha Cement Plant located in the heart of Katni district of Madhya Pradesh

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Madhya Pradesh, September 14 (MeelBijendra) – ACC Limited, India’s leading producer of cement and ready-mix concrete, on Thursday announced the commencement of commercial production of clinker at its new state-of-the-art Ametha Cement Plant located in the heart of Katni district of Madhya Pradesh, India. Adani Group-led ACC Ltd’s Ametha Integrated Cement Plant has a clinker … Read more

Mahindra will invest INR 10,000 crore over a period of 7-8 years through its subsidiaries to accelerate the EV segment

Mahindra logo installed outside a showroom in Ahmedabad

Gujarat, September 10 (MeelBijendra) – Mahindra has announced to invest INR 10,000 crore over a period of 7-8 years through its subsidiaries to accelerate the electric vehicles (EV) segment. These investments will be for setting up the manufacturing facility, development and production of Mahindra’s upcoming electric vehicles. The company strengthened its vision by setting up … Read more

Following prominent leaders are participating in the 18th G-20 summit in India’s capital New Delhi

A model of the G20 logo is installed outside the Bharat Mandapam International Exhibition-Convention Centre (IECC), Pragati Maidan in New Delhi, India

New Delhi, September 9 (MeelBijendra) – The G20 summit is being held in the Indian capital New Delhi on 9 and 10 September 2023 and India is hosting its 18th meeting. It is the first G20 summit held in South Asia and is being held at the Bharat Mandapam International Exhibition-Convention Center (IECC), Pragati Maidan, … Read more

Retail sales contribute $787 billion to India’s GDP, with staple food consumption accounting for $125 billion

Beauty products by Nykaa, an Indian beauty products retailer, are seen for sale in a store at a mall in New Delhi

MUMBAI, Aug 21 (MeelBijendra) – Currently, India’s GDP is $3.2 trillion, which includes $1 trillion in investment, $1.9 trillion in consumption, $0.4 trillion in government, and $0.1 trillion in net exports. Retail sales contribute $787 billion to India’s GDP, including grocery and food $503 billion, apparel and accessories $114 billion, and electronics $60 billion. Grocery … Read more

Adani Energy Solutions gets financial closure of $1 billion project to supply renewable HVDC transmission power in Mumbai

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

MUMBAI, August 7 (MeelBijendra) – On Monday, Adani Energy Solutions Limited (AESL), the transmission and distribution business arm of Adani Group, has got the financial closure for a $1 billion project to supply renewable energy in Mumbai, India. Indian conglomerate Adani is the only private player to install High Voltage Direct Current (HVDC) links in … Read more

India’s Zydus Lifesciences receives Final Clearance from US-FDA for Esomeprazole; Product will be manufactured at Moraiya facility

Pharmaceutical tablets and capsules are arranged on table in photo illustration

On Thursday, June 8, Indian pharmaceutical company Zydus Lifesciences Limited received final approval from the United States Food and Drug Administration (USFDA) for Esomeprazole Magnesium for Delayed-Release Oral Suspension 20 mg and 40 mg. Read Also: Cipla signs binding term sheet to sell its entire stake in Saba Investments; Deal worth US$6.50 million Zydus Lifesciences … Read more

Deepak Nitrite Q4 FY23: Net profit declined by 12.48% YoY to Rs 233.86 crore; Declared dividend of Rs 7.50 per share

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Indian chemical manufacturer Deepak Nitrite Limited announced its results for the quarter ending March 31, 2023 (Q4 of FY23). Deepak Nitrite reported a 6.69% YoY growth in standalone revenue at Rs.800.50 crore in Q4 FY23 as against Rs.750.24 crore in Q4 FY22 last year. The company reported a YoY growth of 4.7% in consolidated revenue … Read more

Sun Pharma’s Mohali plant to have temporary hold on batch release till US FDA-mandated measures are implemented

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On Sunday, April 23, Indian multinational pharmaceutical company Sun Pharmaceutical Industries Limited said that there would be a temporary suspension of batch releases from its Mohali (Punjab) plant until US FDA-mandated measures are implemented. Sun Pharmaceutical Industries Limited is India’s largest pharmaceutical company and the world’s fourth largest specialty generic drug company. Read Also: Eicher … Read more

Eicher Motors to buy 10.35% stake in Stark Future SL by investing €50 million: Electric Mobility

Indian rupee notes

On Thursday 29 December, Eicher Motors Ltd announced a strategic investment and collaboration with Spain-based Stark Future SL to advance the electric motorcycle space. Two-wheelers account for 20% of India’s total carbon dioxide emissions, due to which many companies are investing heavily in electric vehicles. Royal Enfield’s parent company Eicher Motors will buy a 10.35% … Read more

PM Narendra Modi to launch 5G services in India on October 1 at India Mobile Congress 2022 event, 5G service in 13 cities in 1st phase

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

In Budget 2022, Indian Finance Minister Nirmala Sitharaman had said that 5G in 2022 and BharatNet broadband will be ready by 2025. Apart from this, Indian Prime Minister Narendra Modi, while addressing the nation on the 75th Independence Day, had said that 5G services are going to start in India soon. Prime Minister Narendra Modi … Read more

NDTV’s Radhika and Prannoy Roy filed civil appeal in Supreme Court against SAT order

NDTV is written in a yellow circle on a green color in the background of the phone

On Tuesday, September 20 NDTV (New Delhi Television Limited) said in a regulatory filing that founders Radhika Roy and Prannoy Roy and their investment company RRPR Holding Pvt Ltd have moved the Supreme Court against the July 2022 order of the Securities Appellate Tribunal (SAT). The Securities Appellate Tribunal (SAT), in its order dated July … Read more

Malaysia to buy 18 LCA Tejas aircraft from India, 6 other countries showed interest: Govt

Light Combat Aircraft (LCA) Tejas jet flying in the sky during training in India

On Friday, 5 August 2022, in the Monsoon Session, Minister of State for Defense Ajay Bhatt said in response to a question in the Lok Sabha that Malaysia shortlisted 18 LCA (Light Combat Aircraft) Tejas jets from India and Argentina, Indonesia, Australia, America, Egypt, and the Philippines have shown interest. In March 2019, India’s indigenous … Read more

International trade settlement in Indian Rupees via Special Rupee Vostro account

Indian rupee notes

On Monday 11 July 2022, the Reserve Bank of India (RBI) announced that the settlement of international trade can be done in Indian Rupees (INR) in order to boost the growth of global trade and to emphasize exports from India. And this additional arrangement has been made for invoicing, payment, and settlement of imports and … Read more