In a dynamic financial landscape, where global investments are on the rise, staying abreast of regulatory changes is crucial for businesses and investors alike. The Finance Act of 2023 has brought about a significant amendment that affects non-resident investors eyeing shares issued by unlisted companies. To delve into this amendment, we’ll explore how it aligns …
The Federal Bank Ltd. (India) stands as a prominent player in the world of banking and financial services. Founded in 1931 as Travancore Federal Bank Limited, the institution has evolved into a diverse financial conglomerate with a wide range of offerings, including retail and corporate banking, para-banking activities, treasury services, and foreign exchange operations. Headquartered …
Delhivery, India’s largest fully integrated logistics services provider, has joined hands with private equity firm Nexus Ventures and Amazon Web Services (AWS) to launch Velocity, a six-week startup accelerator program to nurture and empower the next generation of entrepreneurs and innovators in the logistics landscape. The first edition of the program, which kicked off in …
Union Minister for Road Transport and Highways, Shri Nitin Gadkari, urged all stakeholders to actively support the Vehicle Scrapping Policy during a Stakeholder Consultation held in New Delhi. He emphasized that this policy is mutually beneficial for everyone involved. Shri Gadkari highlighted several initiatives undertaken by the Ministry to stimulate demand for vehicles, including the …
In a spectacular and groundbreaking event, Bharat Drone Shakti 2023 took flight on September 25, 2023, at the Air Force Station in Hindan, Ghaziabad, Uttar Pradesh. The man at the helm, Raksha Mantri Shri Rajnath Singh, officially kickstarted the event that is nothing short of revolutionary. Conceived as a collaborative effort between the Indian Air …
KPI Green Energy has been granted a Letter of Intent (LoI) for a wind solar hybrid power project with a total capacity of 145.20 MW, comprising 145.20 MW of wind power and 50 MW of solar power. This significant project is awarded by Ayana Renewable Power Four, a company based in Bangalore. The project’s designated …
Shyam Metalics and Energy Limited, a prominent and leading integrated metal-producing company, has made a significant announcement regarding its entry into energy storage space. As detailed in the official report, the company officially announced its entry into the energy storage sector with battery-grade aluminium foil, a critical component in lithium-ion cells. The company is gearing …
Alkem ranks among the top five pharmaceutical companies in India, boasting a workforce of over 17,000 employees and a global presence with affiliates in the USA, Australia, UK, Germany, and various other emerging markets. Alkem is a prominent player in the anti-infective market, distinguished by its clinical development expertise and a well-established commercial infrastructure. Furthermore, …
According to the Indian Private Equity and Venture Capital Association-Earnest and Young (IVCA-EY) monthly Private Equity and Venture Capital report for August 2023, it was noted that there were investments totalling USD 5.2 billion in 67 deals during the month. This represents 127% higher than the investments made in August 2022 and 18% higher than …
In the initial three weeks of September, Indian equities saw a withdrawal of more than Rs 10,000 crore by Foreign Portfolio Investors (FPIs), primarily influenced by increasing US interest rates, concerns about a potential recession, and the perception of overvaluation in domestic stocks. Back-to-back six months of buying have come to a halt as FPIs …
