Ambani-Adani Strategic Collaboration : Mukesh Ambani’s Reliance Industries has announced its acquisition 26% stake in the Madhya Pradesh Power Project of Mahan Energen’s thermal power plant. The latter is a wholly owned subsidiary of Gautam Adani’s Adani Power and signed a pact to use the plant’s 500 MW of electricity for captive use. Mahan Energy…
Overview of the Acquisition: on 28th March, the Kotak Mahindra Bank announces its full acquisition of Sonata Finance Pvt Ltd, for INR 537 Crores. “The Bank has, today, acquired 100 percent of the issued and paid up capital of Sonata Finance Private Limited, a Non-Banking Finance Company (NBFC), a microfinance institution registered with the RBI…
Investment of Adani Group in Ambuja Cements : Adani Group’s significant investment of Rs 6661 crores in Ambuja Cements underscores its strategic interest and confidence in the company’s prospects. This move comes after the promoter invested 5000 crores earlier by exercising the issuance of the warrants approved by the board in October 2022. This investment…
Adani Green Energy: Adani Green Energy Ltd is an Indian renewable energy company headquartered in Ahmedabad, India. It is owned by the Indian Adani Group. The revenue of the company is around ₹8,633 crore. The company has 46 operational projects in 11 states of India namely Uttar Pradesh, Rajasthan, Punjab, Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh,…
Bharat Biotech partner will Spanish Biopharma Company Biofabri to develop MTBVAC vaccine in India: Bharat Biotech, a pioneering Indian Biopharmaceutical company has initiated clinical trials for the tuberculosis vaccine MTBVAC within India. The vaccine is being developed by Spanish Biopharma Company Biofabri. in Collaboration with Bharat Biotech. Bharat Biotech will have exclusive global manufacturing rights…
Overview Of Acquisition: Gautam Adani is all set to buy a 95% stake in Odisha’s Gopalpur Port for INR 1,349 Crore. According to the reports, the Adani group has dealed with the Shapoorji Pallonji Group for 56% and a 39% cent stake from Stevedores. Karan Adani (managing director at Adani Ports) in a statement said,…
Mumbai overtakes Beijing as Asia’s Billionaire Capital: In the latest new, For first time Mumbai City swiftly surpasses China’s Beijing in a list of Asia’s most number of Billionaires. The city’s strategic location, coupled with its vibrant entrepreneurial culture has attracted investors and Business magnets from around the world. This meteoric rise can be attributed…
ONGC TO Drill Well in Bihar: Oil and Natural Gas Corporation (ONGC) is gearing up to explore Oil and Gas in Bihar they are all set to drill a well. If successful, this could not be only in Bihar but also explore the way for exploration across the entire Ganga basin, extending from Bihar to…
Amul Goes International: “Desi Dairy Giant Goes International” Amul fresh milk will be available outside India for the first time as Gujrat Cooperative Milk Marketing Federation (GCMMF) is set to launch four variants of milk in the US Market within a week. The GCMMF has partnered with the 108-year-old organization Michigan Milk Producers Association (MMPA)…
Sarda Energy share price surged after JV gets license for Iron ore block in Maharashtra : Sarda Energy‘s share prices surged after the announcement of its joint venture securing a license for an iron ore block in Maharashtra. This development marks a significant step forward for the company, as access to iron ore block enhances…
