Kanishka 
On Monday 5th June, Chalet Hotels announced the launch of its second hotel in Hyderabad i.e. The Westin Hyderabad Hitech City. Chalet Hotels Limited launched The Westin Hyderabad Hitech City hotel in partnership with Marriott International. Read Also: NSE changes the expiry day of Nifty Bank F&O contracts from Thursday to Friday from July 14 … Read more
On 19 May 2023, the Reserve Bank of India (RBI) announced that the ₹2000 banknote has now been withdrawn from circulation. The ₹2000 banknote was introduced after the Narendra Modi-led government demonetised the ₹500 and ₹1000 denomination banknotes on 8 November 2016. The ₹2000 banknote was introduced under Section 24(1) of the Reserve Bank of … Read more
Indian multinational pharmaceutical company Cipla Limited announced the sale of its entire stake in Saba Investments Limited on 15 May 2023. Saba Investments Limited is a UAE-based Joint Venture between Cipla Limited and Shibam Group Holding Limited. Read Also: Tech Mahindra Ltd approves proposal to increase stake in Tech Mahindra Arabia Ltd to 80% by … Read more
Late night on Thursday 4 May, Tech Mahindra Limited (TechM) announced that it has approved a proposal to increase the stake to 80% by acquiring an additional 29% equity shares in Tech Mahindra Arabia Limited (TechM Arabia). Tech Mahindra is an Indian multinational information technology services and consulting company that enables digital transformation, consulting and … Read more
Adani Ports and Special Economic Zone Limited (APSEZ): On Monday, April 24, Adani Ports said the company has launched a cash tender offer for up to US$130 million in the aggregate principal amount of 3.375% senior notes outstanding due 2024. About 39% of Adani Group’s total debt is in foreign currency bonds. Adani Ports is … Read more
Reliance Industries on Friday released its January-March quarter i.e. Q4 FY23 results. Reliance Industries’ Q4 revenue and net profit beat market estimates. The consolidated revenue of Reliance Industries grew by 2.8% YoY to ₹ 2,39,082 crore in Q4 FY23, while the company’s net profit grew by 18.3% to ₹ 21,327 crore. Reliance Jio’s ARPU (average … Read more
On Friday 21 October, Reliance Industries Limited (RIL) announced that it would soon demerge its financial services business to form a new company Jio financial services limited (JFSL). Reliance Strategic Investments Limited (RSIL) is a wholly-owned subsidiary of Reliance Industries Limited (RIL) which currently carries out its business of providing loans to merchants and consumers. … Read more
India’s largest private lender HDFC Bank on Saturday announced the results of Q2 FY2022-23. HDFC Bank’s net profit grew by 20% to Rs 10605.78 crore in Q2 of FY 2022-23 from Rs 8834.31 crore in Q2 of FY 2021-22. HDFC Bank’s net revenue grew by 18.3% to Rs 28,869.8 crore in Q2 of FY2022-23 as … Read more
According to GST revenue data released on Saturday 1 October, the gross GST revenue collected in the month of September 2022 increased from 26% year-to-year to Rs 1,47,686 crore as against Rs 1,17,010 crore in the month of September 2021. The gross GST revenue in August 2022 was Rs 1,43,612 crore, while September 2022 increased … Read more
On Tuesday 13 September, the joint venture between Vedanta and Taiwan base Foxconn Group announced that it will open a new semiconductor and chip manufacturing plant in Gujarat. Vedanta is the third company to announce a chip plant in India. Earlier Singapore-based IGSS Ventures signed an MoU (Memorandum of understanding) with the Tamil Nadu state … Read more
The Gross Domestic Product (GDP) figures were released by the Government of India on 31 August 2022, in which India’s GDP grew at the rate of 13.5% in Q1 of FY23 while GDP grew by 20.1% in Q1 of FY22. The Reserve Bank of India (RBI) has increased its benchmark repo rate by 140 basis … Read more
Indian billionaire Adani Group has acquired a 29.18% stake in media company NDTV (New Delhi Television Limited), but Adani owns this stake indirectly in NDTV. NDTV is one of India’s leading news channels which operates many national channels like NDTV India, NDTV 24×7 and the company also runs an online news website. In 2009 NDTV … Read more
On 20 May 2022 Mahindra & Mahindra Limited announced that they will launch the all-new ‘Scorpio-N’ brand new of the much-awaited SUV segment. The all-new ‘Scorpio-N’ comes with automatic and manual transmission and is powered by diesel and petrol engines with prices starting at Rs 11.99 lakhs. The company said that their new SUV Scorpio-N … Read more