Anil Agrawal is the chairman of the group Vedanta and he explains to a team of professionals why he chose Gujarat over Maharashtra for the Vedanta Foxconn to combine for the upcoming 1.47 lakh crore semiconductor and display fabrication plant. This decision was set off by a political storm in Maharashtra and it also wooed…
In the coming months, India is aiming to get much lower borrowing costs from its debut. People who are familiar with the matter said that officials are searching for a significant greenium in the premium investors pay for bonds that fund environmental projects. The government even prepared a structured framework to sell the debt in…
At the meeting later this week, Chinese leader Xi Jinping and Russian President Vladimir Putin will discuss international regional topics and the Ukraine war. They will both meet in Uzbekistan at a summit, and it will show an alternative to the western world. The Kremlin provides all these details. Mr. Xi is planning to make…
Byju Raveendran is the co-founder and chief executive of an ed-tech unicorn, it has briefed shareholders and board members about the difference between its audited number and projected revenue. The discrepancies are arising due to a change in the way the company recognizes its revenue. The discussion with the investors, including Sequoia Capital, General Atlantic,…
The country’s President, Zelensky, declared that the Ukrainian forces have seized more territory from Russia because they continued the counter-offensive. He added that the troops have taken more than 6000 sq km from Russia in September so far. On the other hand, Russia also admitted that it lost the key cities of Ukraine, like the…
Russia targets “deprive people of light and heat.” This is caused by the power cuts in eastern Ukraine in the revenge for a Ukrainian counter-offensive. These words were said by Volodymyr Zelensky. The blackout affected millions of people in the eastern Kharkiv and Donetsk regions. But the Kharkiv city mayor says that power has been…
As we all know, the buyout of Shubhalaxmi Polyester comes after it acquired the Alok Industries and Sintex industries. Reliance is enhancing its presence in its textile business. Now, analysts are seeing an opportunity in forwarding integration. The acquisition of the polyester business of the shubhalakshmi polyester and shubhlaxmi poly tex for Rs 1,522 crore…
It is true that if you ask Americans about their thoughts on Loz Truss, they will probably get a blank stare in return. Even the newspaper has been picking up the headlines like “Meet the new UK prime minister” along with “Who is Liz Truss?”. The movers and shakers of Washington are more focused on…
Reliance petroleum retail acquires the polyester biz of Shubhalakshmi polyesters and Shukhlaxmi Polytex for Rs1,522 crore and Rs 70 crore in cash. This acquisition is approved by the Competition Commission of India (CCI) and the lenders of SPL and SPTex. The SPL has a polymerization capacity of about 2,52,000 annum and manufactures polyester fiber, textile…
Gang crime and gun violence are one of the leading issues in Sweden’s media and it is described as one of the ugliest election campaigns in history till now. Martin Guner, a police officer in the suburb of Gottsunda, said, “Right at this spot here we had a shooting about this time last year.” It…
