With a wealth of Rs 61,220 crore, Rajiv Singh of DLF, overtook Mangal Prabhat Lodha of Macrotech developers to become the wealthiest Indian real estate entrepreneur, according to GROHE-HURUN India Real Estate Rich List 2021. 81 real estate entrepreneurs increased their wealth this year, of which eight featured in the list for the first time … Read more
The order comes months after the National Restaurant Association of India (NRAI) asked the Competition Commission of India (CCI) to investigate the companies for breaching platform neutrality by providing priority to the exclusive contractors. Key points to note – NRAI represents more than 5,00,000 restaurants across India. Other than complaints about platform neutrality, complaint by … Read more
Hamstrung by lack of government approvals for its FDI plans, British carmaker MG Motors — a subsidiary of Chinese auto major SAIC — plans to raise up to Rs 5,000 crore through external commercial borrowings (ECBs) or private equity route as it looks to set up a second factory in India, while launching new cars, … Read more
After years’ of speculation, HDFC group today finally announced reverse merge of HDFC Limited (HL – the mortgage arm) into HDFC Bank (HB). Listed below are some key factual points for your perusal. Shareholders of HL will receive 42 shares of HB (FV Re. 1/- each) for every 25 shares of HL (FV Rs. 2/-each). … Read more
Adani Group’s Gautam Adani has joined the $100 billion club of richest entrepreneurs in the world. The chairman of the Ahmedabad-based multinational conglomerate has become India’s richest man, surpassing Mukesh Ambani who had held the top rank in India and Asia for quite a some time. Adani’s net worth accelerated on the back of the … Read more
Tesla delivered a record-breaking 310,048 vehicles in Q1 — more than any previous quarter. Elon Musk said this quarter has been “exceptionally difficult” due to supply chain issues and COVID. A recent COVID-19 spike in China has forced Tesla’s new Shanghai factory to temporarily shut down. Something is loading. Tesla announced it delivered 310,048 vehicles … Read more
Corporate India’s credit quality showed a sharp improvement in the second half of FY22, but high input prices and withdrawal of pandemic-related relief measures can pose pressures in the new year, rating agencies said on Friday. Crisil Ratings, which rates a large number of financial sector entities, reported an improvement in the credit ratio — … Read more
While farmers stand to gain from exports amid a bumper harvest, food security campaigners urge caution Russia and Ukraine account for about 25% of the world’s wheat exports. However, Russia’s invasion of Ukraine and the subsequent Western sanctions against Moscow have curtailed their wheat supplies drastically. As a result, many countries which were sourcing wheat … Read more
Tech giant Microsoft has launched its ‘Microsoft for Startups Founders Hub’ in India. The aim is to empower startups’ vision and fuel innovation to drive economic and societal progress for India and beyond. Microsoft for Startups Founders Hub is a new digital inclusive platform for startup founders in India. The platform offers over $300,000 worth … Read more