Wipro’s Board Meeting on October 17: Bonus Shares and Q2 Results in Focus
Wipro Ltd. is set to consider a bonus issue of shares in its upcoming board…
Wipro’s Board Meeting on October 17: Bonus Shares and Q2 Results in Focus
Wipro Ltd. is set to consider a bonus issue of shares in its upcoming board meeting scheduled for October 17, 2024. The company announced this decision in an exchange filing on October 13, 2024. Alongside the discussion on bonus shares, Wipro will also unveil its second-quarter financial results during the two-day board meeting from October…
BigBloc Construction Expands Solar Power to 3,475 KW
BigBloc Construction Ltd., through its subsidiary Starbigbloc Building Material Limited, is significantly expanding its solar power capacity as part of its sustainability initiatives. The company has recently placed an order for the installation of two rooftop solar power projects: an 800 KW system at its Kheda Unit and a 1,350 KW system at a new…
Will Trump’s Tariffs Affect India? A Look at the Potential Economic Impact
India’s economy is expected to face only a minimal impact from Donald Trump’s proposed tariffs if he is re-elected in November. According to Bloomberg Economics, India’s Gross Domestic Product (GDP) could be 0.1% lower by 2028 if Trump follows through with plans to impose a 60% tariff on Chinese goods and 20% tariffs on other…
Mankind Pharma Partners with Kotak and IIFL for Rs 3,000 Crore QIP to Fund BSV Deal
Mankind Pharma, India’s fourth-largest pharmaceutical company by domestic sales, has strategically moved forward with its Rs 13,630 crore acquisition of Bharat Serums and Vaccines (BSV). In a bold funding move, the pharma giant has partnered with Kotak Mahindra Capital and IIFL Capital to launch a Qualified Institutional Placement (QIP) worth up to Rs 3,000 crore,…
Karnataka’s Race for Big Projects: Overhauling Invest Karnataka Forum to Attract Investment and Generate Jobs
Karnataka is positioning itself for a major economic transformation by revamping its investment promotion agency, the Invest Karnataka Forum (IKF). With the ambitious target of becoming a $1 trillion economy by 2032 and creating 25 lakh jobs in the next five to seven years, the state is making aggressive moves to attract large-scale investments, particularly…
Reliance Group Partners with Bhutan to Develop 1,270 MW of Solar and Hydropower Projects
Exciting news from the renewable energy sector! The Anil Ambani-led Reliance Group has announced a landmark partnership with the Bhutanese government to jointly develop 500 MW of solar and 770 MW of hydropower projects in the country. This represents the largest foreign direct investment by a private company in Bhutan’s green energy space, further solidifying…
Nokia to Replace Huawei, ZTE in Vodafone Idea’s Key 4G/5G Markets with New Deal
Nokia is set to increase its market share in India after securing a major 4G/5G deal with Vodafone Idea, replacing Chinese vendors Huawei and ZTE in key circles like Chennai and Andhra Pradesh. As part of the three-year agreement announced on September 22, 2024, Nokia will emerge as Vodafone Idea’s largest supplier, covering regions that…
Reliance secures government approval for the transfer of Viacom18’s non-news and current affairs TV channel licenses to Star India.
This is a significant step in the merger between Viacom18 and Star India, Disney’s Indian unit, to form India’s largest television and digital streaming entity. On February 28, 2024, Reliance Industries Limited (RIL) first announced the merger plan, with the Competition Commission of India (CCI) granting approval on August 28, 2024. The National Company Law…
Caution Needed in Speculative Equity Market Activities: FM Sitharaman’s Warning
Introduction Union Finance Minister Nirmala Sitharaman has recently emphasized the need for caution in speculative activities within the equity market. Her remarks come at a time when the market is witnessing a surge in speculative trading, raising concerns from regulatory authorities such as the Securities and Exchange Board of India (SEBI) and the Reserve Bank…
Brent Oil Sinks Below $70 as Economic Worries Shake Market
For the first time since December 2021, Brent oil has dropped below $70 a barrel, falling 2.8%, as oversupply concerns continue to grip the market. The decline is driven by several factors: Weak economic data from China and the US—the world’s top two oil consumers—has raised concerns about future demand.Surging output from non-OPEC nations, adding…
