Gautam Adani led Adani group will build three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolysers as part of a $70 billion investment in clean energy by 2030. The Adani group is stepping up investments across...
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30th Jan 2023 | Updated at 06:51pm 30th Jan 2023
World Bank raises India's growth forecast to 6.9% from 6.5%
The World Bank increased its estimate of India's GDP growth to 6.9% for FY23, citing the country's economy's increased resilience to global shocks.
Adani Group wins Dharavi redevelop project bid
The Adani Group has emerged as the highest bidder for the 259- hectare Dharavi Redevelopment Project, official sources said. The group has put in a £506.9 million bid for the redevelopment of one of the largest slum sprawls in the world, outbidding...
India imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop...
The Indian Railways aims to generate around £3 billion additional revenue over the next five years and afterward nearly £3 billion per year through the...
Reliance Industries (RIL) will obtain 79% stake in SenseHawk, a California-based software developer for the solar energy sector, for $32 million. The deal is part of RIL’s broader play in renewable energy, an area in which it last year announced...
Bengaluru-headquartered Bharat Electronics Limited (BEL) announced that it signed an MoU with Smiths Detection, a London-based threat detection and security inspection technology company, for offering advanced, high-energy scanning systems to...
SpiceJet, which is facing net loss to £78.9 million in the June quarter as high fuel prices and rupee depreciation adversely impacted the budget carrier. Amid the financial turmoil, the airline plans to raise $200 million and expects to complete...
The £5.12 billion net buying of Indian stocks by foreign funds in August, a 20-month high figure, has convincingly reversed a nine month continuous selling by these institutions. But flow-related volatility could continue for a while, brokers...
India's Goods and services tax (GST) collection remained above £14 billion for the fifth month in a row, increasing 28 per cent year-on-year (YoY) to nearly £14.9 billion in July. This was the second-highest mop-up since the rollout of the regime.
Gautam Adani's wealth has galloped over 13 times, over two and a half years. In January 2020, his net worth was about $10 billion. Recently, the Indian...
India’s Gross Domestic Product (GDP) grew 13.5% in the first quarter of FY22-23 compared to a year ago period helped by the base effect, thereby registering...
