The Supreme Court on Tuesday threw out Adani Gas Ltd’s challenge to the decision of the Petroleum and Natural Gas Regulatory Board (PNGRB) to award the city natural gas distribution (CGD) network for Sanand, Bavla and Dholka in Gujarat to Gujarat Gas. A bench of Justices U U Lalit, S R Bhat and Hrishikesh Roy … Read more
Kotak Mahindra Bank (KMB) has agreed to acquire 9.98% in KFin Technologies Private Limited (KFin) for a cash consideration of Rs 310 crore. Funds will be infused directly into the company via fresh share issue. Key points to note – KFin was earlier known as Karvy Fintech. However, in December 2019 it renamed itself to … Read more
Swiggy is finalising a new financing round of about $500-600 million that is likely to be led by US asset manager Invesco, according to three people aware of the matter. The exercise is likely to catapult the valuation of the online food delivery company to as much as $10 billion, which is double the valuation … Read more
Currently, India imports almost all semiconductors to meet demand estimated to reach around $100 billion by 2025. (Representative image) India and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia along with tariff reductions on components for producing semiconductors by the end of the year, people familiar with the … Read more
FMCG major Adani Wilmar on Monday said it has opened 12 physical stores under the brand name “Fortune Mart” across six states and plans to start outlets across the country. “Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products,” the company said … Read more
AAHL will acquire a 74% stake in April Moon Retail Pvt Ltd for ₹7.40 lakh, Adani Enterprises said in a regulatory filing on Monday Adani Airport Holdings Ltd (AAHL) will acquire a majority stake in April Moon Retail Pvt Ltd (AMRPL) for a strategic partnership to operate duty free outlets at ariports. A wholly-owned subsidiary … Read more
A Perfect Storm For Gold And Silver In theory, the past week should have been a perfect storm for gold and silver bulls, as the news fed investors a buffet of systemic risks. In one steam tray was China’s “Lehman Moment” with the impending default of the China Evergrande Group (OTC:EGRNF). In another steam tray … Read more
Maruti has been a significant under performer for last 4 years now. A part of this has to do with the Indian auto industry during this period and some concerns specific to Maruti (competition specifically). However, it seems much of that is getting settled now. Auto industry post Covid is looking up and competition seems … Read more
Warren Buffett dismissed art as a bad investment nearly 60 years ago. France could have made $1 quadrillion if it had invested instead of buying the Mona Lisa, he said. Buffett described investing, valuing and building businesses, and Berkshire Hathaway as art. See more stories on Insider’s business page. Warren Buffett invoked one of the … Read more