Anant
The Indian cement industry witnessed a significant development with UltraTech Cement’s recent acquisition of India Cements. This strategic move, valued at Rs 3,954 crore, positions UltraTech as an even stronger player in the highly competitive cement sector, intensifying the rivalry with Gautam Adani-led Adani Group. Let’s break down the details of this acquisition and its … Read more
As December 2024 approaches, the festive spirit is accompanied by an important public holiday on Wednesday, December 25. This nationwide bank holiday marks Christmas Day, a joyous occasion celebrated globally to honor the birth of Jesus Christ. Beyond its cultural and religious significance, the holiday also brings implications for financial activities, educational institutions, and daily … Read more
Gold has always been a cornerstone of India’s cultural and financial landscape, holding immense value for both investment and traditional purposes. On 23 December, gold prices continued to exhibit their dynamic nature, influenced by a myriad of factors ranging from international market trends to local demand. Here, we analyze today’s gold rates across major Indian … Read more
Akasa Air, India’s newest entrant in the aviation sector, has ambitious plans to expand its fleet and strengthen its position in a highly competitive market. Having commenced operations in August 2022, the airline currently operates 26 Boeing 737 MAX aircraft and has placed substantial orders for 200 more planes. This strategic move reflects its commitment … Read more
December 20 marked a historic milestone for Sri Lanka as the island nation officially exited its sovereign debt default, a first since its independence in 1948. This development, supported by a $2.9 billion International Monetary Fund (IMF) bailout, signals a cautious recovery for the nation, but challenges remain. Key Highlights of Sri Lanka’s Debt Recovery … Read more
In 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) achieved significant milestones that underscored its commitment to making India a self-reliant and globally competitive economy. From implementing Production Linked Incentive (PLI) schemes to fostering startup ecosystems, enhancing Foreign Direct Investment (FDI) inflows, and streamlining logistics, the DPIIT’s efforts have set the stage … Read more