May 30, 2024
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Macquarie launches Vertelo to accelerate EV adoption in India

Macquarie, a leading financial services firm, has launched Vertelo, a new platform aimed at boosting the adoption of electric vehicles (EVs) in India. With the EV market valued at $2 billion and projected to reach $5 billion soon, Vertelo aims to accelerate this growth by offering a range of services including financing, leasing, charging infrastructure, […]Continue Reading
Business Featured Latest News

Blue Star MD: Commercial Refrigeration Market to Reach ₹10,000 Crore in Four Years

Blue Star’s Managing Director, B. Thiagarajan, anticipates a doubling of the Indian commercial refrigeration market to ₹10,000 crore within four years, up from the current ₹4,500-5,000 crore range. He emphasized the importance of the integrated cold chain infrastructure development for stimulating commercial refrigeration consumption. With Blue Star holding a steady Continue Reading
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Macquarie, Canada Pension are among bidders on India road assets

Macquarie Group Ltd and a Canadian Pension Plan Investment Board-backed investment trust are among the finalists to acquire road assets from India’s infrastructure fund, sources familiar with the matter revealed. The potential deal is estimated to range from $300 million to $500 million, though exact figures remain undisclosed. The assets, valued at $1 billion in Continue Reading
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Tata Motors to invest ₹9,000 crore in first Tamil Nadu plant

Tata Motors, a prominent automobile manufacturer, is set to invest ₹9,000 crore in constructing its inaugural plant in Tamil Nadu, as stated by the state’s industries department. This investment is anticipated to generate around 5,000 job opportunities. TRB Rajaa, Tamil Nadu’s industries minister, announced on social media that Tata Motors will establish a Continue Reading
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India Increases Authorised Capital of FCI From ₹10,000 Crore to ₹21,000 Crore

The government has raised the authorized capital of the Food Corporation of India (FCI) from ₹10,000 crore to ₹21,000 crore to bolster its operational abilities and meet its objectives more effectively, as stated by the Food Ministry. FCI, serving as the primary agency for food grain procurement at minimum support prices (MSP) to safeguard farmers’ […]Continue Reading
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JSW Group aims to manufacture 3 lakh electric cars in Odisha per year

JSW Group’s Chairman, Sajjan Jindal, unveiled plans in Odisha to establish a significant electric vehicle (EV) manufacturing plant, capable of producing 1 lakh commercial electric vehicles and 3 lakh electric cars annually. This ambitious project encompasses the construction of a 50 GWh EV battery plant, a lithium refinery, a copper smelter, and related component Continue Reading
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Adani family plans to invest $1 billion in Adani Green Energy: Report

Billionaire Gautam Adani, along with his family, is reportedly planning a substantial $1 billion investment in Adani Green Energy, as per sources from Bloomberg News. The proposed strategy involves the issuance of preferential shares to the founders of Adani Green, aimed at supporting the company’s expansion efforts and addressing refinancing needs. Adani Green Continue Reading
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India, Oman adopt vision document to expand bilateral cooperation

In a significant development in the economic collaboration between India and Oman, the announcement of the third tranche of the Oman-India Joint Investment Fund has marked a notable milestone in their trade and capital cooperation. Foreign Secretary Vinay Kwatra, during a special briefing at the Ministry of External Affairs, emphasized the significance of this achievement, Continue Reading
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Adani Group To Invest ₹ 8,700 Crore In Bihar, Will Create 10,000 Jobs

The Adani Group has outlined an ambitious investment plan of ₹8,700 crore in Bihar, spanning various sectors, according to Pranav Adani, Director of Adani Enterprises. This significant investment is anticipated to generate direct and indirect employment opportunities for approximately 10,000 individuals. Speaking at the Bihar Business Connect 2023 plenary session, Adani Continue Reading