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Adani Ports and SEZ strengthens partnership with MSC
Updated : Dec 15, 2023

Adani Ports: MSC arm picks 49% stake in Adani Ennore Container Terminal for Rs 247 crore

The transaction is subject to regulatory approvals, and is expected to be completed within 3-4 months. Once the transaction is completed, APSEZ would hold 51 per cent stake in AECTPL.

Essar signs three MoUs with Gujarat govt totalling Rs 55,000 cr in energy transition, power, and ports sectors
Updated : Dec 14, 2023

Essar signs three MoUs with Gujarat govt totalling Rs 55,000 cr in energy transition, power, and ports sectors

Over the last four decades, Essar has invested more than Rs 1 lakh crore in the energy, metals & mining and infrastructure sectors in Gujarat

Digital lending platform Lentra unveils new innovation with its Intelligent Lending Cloud
Updated : Dec 14, 2023

Digital lending platform Lentra unveils new innovation with its Intelligent Lending Cloud

Lentra announces 3 new AI products and 40 new AI-driven features to arm every lender with actionable intelligence to grow their asset book

Udaan raises $340 million
Updated : Dec 14, 2023

E-commerce firm Udaan raises $340 million ahead of planned IPO in 2025: Report

Udaan's Series E funding round for $340 million was done through a combination of fresh equity and conversion of debt.

Kia Sonet facelift unveiled in India
Updated : Dec 14, 2023

Kia unveils Sonet SUV facelift with 6-airbags, ADAS features; check variants, other details

The Sonet gets more than 25 safety features, including 10 autonomous features as part of the Advanced Driver Assistance Systems

Citigroup to pay bonuses for most of 2023 to workers laid off in reorganization (Photo: Reuters)
Updated : Dec 14, 2023

Citigroup to pay bonuses for most of 2023 to workers laid off in reorganization -source

The bank is not offering bonuses for voluntary redundancy, the source said. Citigroup declined to comment on the matter.

Nilesh Shah compares market bull run to Virender Sehwag's triple century in Multan
Updated : Dec 14, 2023

'Hum Sehwag hai, pitch Multan, bowling Pakistan': Nilesh Shah's take on bull run in stock market

BT500 Wealth Creators Summit: When asked about his opinion on everything in terms of goodness reflecting in the markets now, Nilesh Shah said, “I feel like I am in Multan, Pakistan in 2004”.

'It's important at board level to have a strategic direction when looking at risk': Sandeep Parekh
Updated : Dec 13, 2023

'It's important at board level to have a strategic direction when looking at risk': Sandeep Parekh

At BT500 Wealth Creators Summit, two experts spoke about regulatory landscape in India and how they dissect the multifaceted nature of risks that enterprises encounter and both said identifying risks is a huge challenge

'Environment in corporate governance is not just a fad, it's a very serious issue': Former SEBI chief G N Bajpai on ESG
Updated : Dec 13, 2023

'Environment in corporate governance is not just a fad, it's a very serious issue': Former SEBI chief G N Bajpai on ESG

If climate change is left unchecked, it will lead to migration of 500 million people and $5 trillion loss annually to world economy, said Bajpai at BT500 Wealth Creators Summit event

Harvard's Vikram Gandhi in conversation with Business Today TV Managing Editor Siddharth Zarabi at BT500 Wealth Creators Summit
Updated : Dec 13, 2023

BT500: 'Energy transition investment is one of the biggest wealth creation opportunities,' says Harvard's Vikram Gandhi

Speaking on the topic: 'The Sustainable Path to Profits', the professor said the mindset currently is that sustainability may come at the cost of profit. However, he said, sustainability is not about sacrificing profits.

Fab Economics CEO Danish Faruqui
Updated : Dec 13, 2023

India will have production-ready 28nm fab in a little over 3 years: Danish Faruqui of Fab Economics

Fab Economics CEO Danish Faruqui tells BT, the India Semiconductor Mission is on the right path at the right pace

BT 500 Wealth Creators Summit: Who will be India's top wealth creators?
Updated : Dec 13, 2023

BT500 Wealth Creators Summit: Hurun India founder lists 4 categories that will create most wealth in 10 yrs

BT500 Wealth Creators Summit: “India is a fantastic story from a wealth creation perspective. Over the decade, based on our data, you would see more wealth creation happening from four categories," said Hurun India founder, Anas Rahman Junaid.

The GPAI Summit has representatives from 28 member countries and the European Union.
Updated : Dec 13, 2023

GPAI Summit 2023: Need for more GPUs, AI tech talent, and regulation in India

Earlier this year, an expert panel recommended that the Indian government create computing infrastructure of 24,500 graphics processing units (GPU) at 17 centres to enable innovation in AI.

Adani Group to invest $100 bn in green energy transition
Updated : Dec 13, 2023

Adani Group to invest $100 bn in 10 years for green energy transition; plant 100 mn trees by 2030

Five Adani Group companies –  Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC and Ambuja Cements – have set a target to become net zero by 2050 or earlier.

If the deal happens, Reliance will inject funds to secure a minimum 51 per cent stake in the amalgamated entity
Updated : Dec 12, 2023

Disney to finalise merger with Reliance next week, says report

JioCinema, under the purview of Reliance's broadcast venture Viacom18, led by billionaire Mukesh Ambani, has intensified competition for Disney India and other streaming platforms.

The collection features a palette of deep red, aubergine, and gold, reflecting the airline's heritage and warmth.
Updated : Dec 12, 2023

Air India unveils Manish Malhotra-designed new collection of uniforms for cabin and cockpit crew

The new uniforms will be introduced in a phased manner over the next few months, starting with the entry of service of Air India’s first Airbus A350.

Puma ends sponsorship of Israel national team
Updated : Dec 12, 2023

Puma to end sponsorship of Israel's national football team next year

The Palestinian-led Boycott, Divestment and Sanctions (BDS) movement had called for a boycott of the sportswear firm before the Oct. 7 attack over its sponsorship of the Israeli team.

CEO Tarun Mehta on how they started Ather Energy
Updated : Dec 12, 2023

'We fell in love with scooter': How Ather originally planned to be an energy distribution company but…

Most of the stuff that Ather does today is really in service of the vehicle that we have to sell, said co-founder Tarun Mehta, adding that a lot of people can go to their charging stations now.

Prime Minister Narendra Modi will also attend the GPAI summit on Tuesday at 5:30 pm.
Updated : Dec 12, 2023

OpenAI to hold developer gathering in Bengaluru in January to 'address safety challenges'

Prime Minister Narendra Modi will also attend the GPAI summit on Tuesday at 5:30 pm. International delegates are expected to engage in the summit and discuss relevant issues around AI.

Demand for battery grade aluminium foil in India is expected to grow manifold to 40,000 tonnes by 2030
Updated : Dec 12, 2023

Hindalco Industries to invest Rs 800 crore in Odisha to set up battery foil manufacturing facility

Hindalco Industries announced its plans to expand its manufacturing capacity of fine-quality aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems

BluSmart co-founder Punit Goyal speaks about his early days of entrepreneurship
Updated : Dec 12, 2023

'Sold for $68 million': BluSmart is not founder Punit Goyal's first success story

BluSmart co-founder Punit Goyal said he set up a 20 MW solar power plant in Gujarat that he sold to a Saudi player for $68 million, before selling off another 70 MW power plant in Maharashtra to Suzlon for $55 million. 

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