Author: Neelam Kansarali

Adani Group, CEO Gautam Adani, relocating one of the airlines of Adani Airport, from Mumbai airport to Navi Mumbai airport and is trying to increase revenue from its eight airports by increasing the airport commercial area three times, creating multiplexes and Legoland theme parks in the city side. The Adani Group, headed by billionaire Gautam Adani, is actively investigating a 200 per cent increase in the airport’s commercial space, as well as the construction of multiplexes and Legoland theme parks on the city side. More crucially, it intends to relocate one of the major airlines to Navi Mumbai airport to…

IT sectors like TCS, Wipro, and HCL Tech are bringing back workers to the office, but workers are responding by threatening to resign. In light of a modest halt in hiring, specialists in recruitment services believe that this may not turn out well for the employees. With the recession on start, candidates will have fewer options for full-time WFH. According to a recent poll, the majority of workers at the nation’s top IT services firms are searching for more adaptable employment alternatives even as their employers have begun to push them to come back to the office. In a survey…

The biggest milk providers Amul and Mother Dairy raised their prices by Rs. 2 each in March, August, and October, resulting in Rs. 6 per litre increase in milk costs this year. Except in Gujarat, full cream milk and buffalo milk costs have increased by Rs 2 per litre, according to authorities from the Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and milk based products under the brand name “Amul.” The revised rate card was disclosed by R.S. Sodhi, managing director of GCMMF. This year, Amul milk prices have increased three times since March. The previous time the…

The largest integrated power company in India, Tata Power Company Limited, acknowledged a cyberattack on it on Friday. According to a filing with India’s National Stock Exchange (NSE), “certain of its IT systems” were impacted by the intrusion on IT infrastructure. Tata Power Company Limited reported that a cyberattack had damaged its IT infrastructure and disrupted its operations on Friday. According to a BSE report by the Mumbai-based company, Tata Power Company Limited, it experienced a cyber-attack on its IT infrastructure that negatively affected certain of its IT systems. The Company stated that actions had been taken to recover and…

HCL Tech stock jumped a day after the business released profits after the market closed. HCL Tech said its consolidated net profit for the September quarter climbed 7.05 per cent year on year to Rs 3,489 crore on October 12. HCL Technologies Ltd. has been awarded by the market for its exceptional quarter 2 the fiscal year 2024 financial performance. In early trading on Thursday, the company’s shares surged roughly 3.5% on the NSE. Revenue from activities increased by 19.5 per cent to Rs 24,686 crore. Revenue increased by 5.2 per cent sequentially, while profit increased by 6.27 per cent.…

Chipmaker Intel Corporation is apparently intending to lay off thousands of staff since personal computer sales have dropped dramatically. The Santa Clara, California-based technology firm may announce the job losses around the time of its upcoming earnings report. Intel Corporation is planning to lay off thousands of workers in reaction to a slump in the personal computer market. One of the officials from the company reported that the layoffs will be disclosed as early as this month, with the corporation expecting to make the announcement around the same time during its third-quarter earnings on October 27. Some of Intel’s divisions,…

Adani Ports and Special Economic Zones (APSEZ) said on Monday that it has acquired NCLT Ahmedabad and NCLT Hyderabad licenses to acquire the remaining 58.1 percent ownership in Gangavaram Port Limited (GPL) through a composite scheme of arrangement. With the acquisition of the remaining 58.1 percent stake, APSEZ will hold 100% of Gangavaram Port, and this stake purchase will be accomplished through a share swap arrangement. Adani Ports announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench had approved a composite scheme of arrangement between Visakhapatnam’s Gangavaram Port and Adani Ports & Special Economic Zone (SEZ) and Adani Gangavaram…

The government and LIC will support the merger if the new acquirer wants to combine IDBI Bank with itself or must do so. This would lessen investor worries about the bank’s continued government and LIC ownership, a common issue with prospective buyers. The new owners aim to reduce the amount of IDBI Bank stock they own to comply with established standards for private banks. The Life Insurance Corporation (LIC), which was enlisted as a corporate defender during India’s bad loan crisis, and the government jointly own a 60.7% share in IDBI Bank. The government has started the process of selling…

The public offering of Electronics Mart India Limited ended with an exhilarating three-day subscription on Friday, with the issue being subscribed to 71.93 times on the last day of bidding. 169.54 subscriptions were received for the qualifying institutional buyer component. Non-institutional investors’ reserved part was subscribed to 63.59 times. 19.71 subscriptions were made to Retail Portion. On the final day of the offer on Friday, the Initial Public Offering (IPO) of consumer goods retail chain Electronics Mart India received 71.93 times the number of subscriptions. In contrast to the 6.25 crore shares that were on sale, the IPO got offers…

Reliance Chairman, Mukesh Ambani joins the likes of hedge fund billionaire Ray Dalio and Google co-founder Sergey Brin as the most recent ultra-rich individuals to choose Singapore for their family offices, the institutions established to oversee the affairs of wealthy clans.  The Mumbai-based billionaire, Mukesh Ambani, Charman of Reliance Industries Limited is establishing a family office in Singapore. He has appointed a manager to engage staff and get the new business up and running, who asked not to be identified since the topic is private. According to one source, the Ambanis have also chosen real estate. Singapore has become an…