The Adani Group has reassured Bangladesh of a continuous power supply, even though the country currently owes over $800 million for power delivered from Adani Power’s Godda plant in Jharkhand. Sources familiar with the matter disclosed this information to Moneycontrol. “The Adani Group has requested Bangladesh’s interim government to expedite the payment of these dues,”…
The White House recently shared an update on the growth of the nation’s EV charging network, showing signs of progress. However, it’s clear that the build-out of EV charging stations still isn’t keeping up with the fast-growing demand for EVs. Steady Growth but Slower than Needed According to the Joint Office of Energy and Transportation’s…
Shares of Sapphire Foods India Ltd saw a significant surge on September 5, 2024, climbing as much as 8% to hit a 52-week high of ₹364.40. The surge was driven by heavy trading volumes, with around 18 lakh shares changing hands on the stock exchanges, a sharp increase compared to the company’s average daily trading…
In a strategic move aimed at expanding its global footprint, Adani Enterprises, the flagship company of the Adani Group, has established a wholly-owned subsidiary in Kenya. The new entity, named Airports Infrastructure PLC, is set to focus on the operation and management of airports in the region. This development marks a significant step for the…
Raymond Lifestyle Ltd made its stock market debut on Thursday, September 5, with shares listing at ₹3,020 on the National Stock Exchange (NSE) and ₹3,000 on the Bombay Stock Exchange (BSE). However, after the initial listing, the stock quickly fell 5% to ₹2,850, hitting the lower circuit limit for the day. The company, which now…
Rama Steel Tubes shares saw a significant surge on Thursday, September 5, 2024, climbing as much as 16% to reach an intraday high of ₹13.47 per share. The sharp rally followed the announcement of a strategic partnership with Onix Renewable, positioning the company for growth in the renewable energy sector. Strategic Partnership with Onix Renewable…
In a significant move to bolster India’s defence capabilities, the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, has approved 10 capital acquisition proposals worth Rs 1.45 lakh crore. This strategic decision underscores the government’s commitment to enhancing the country’s defence preparedness and promoting indigenous defence manufacturing. Crucial Jobs Report Kicks Off September…
As September begins, all eyes are on the U.S. labor market, with investors eagerly anticipating key data releases that could shape the economic outlook for the remainder of the year. After a volatile August, which saw the S&P 500 (^GSPC) notch its fourth consecutive monthly gain, the focus now shifts to the August jobs report…
Volkswagen, one of the world’s most prominent automakers, is facing a historic decision that could result in the closure of some of its factories in Germany for the first time in its 87-year history. This consideration comes as the company intensifies efforts to cut costs and confronts growing competition from China’s expanding electric vehicle (EV)…
The global travel industry is poised to make a historic impact on the world economy in 2024, with its contribution to global GDP expected to reach an unprecedented $11.1 trillion. According to the World Travel and Tourism Council (WTTC), a non-profit membership organization, travel and tourism will account for 10% of the global GDP, underscoring…
