Adani Global Ltd. will hold a 49% stake, while Sirius International Holding Ltd., a unit of UAE’s International Holding Co., will possess a 51% stake in the newly established Sirius Digitech International Ltd., with its headquarters situated in Abu Dhabi. Gautam Adani’s Adani Group has entered into a strategic partnership with a unit of UAE’s International Holding Co., marking a significant collaboration in the realm of artificial intelligence and advanced technologies. The joint venture, named Sirius Digitech International Ltd. and headquartered in Abu Dhabi, will be owned with a 49% stake by Adani Global Ltd. and a 51% stake by…
Author: Sidhika Jain
Exceptional Growth: Mazagon Dock shares experienced a remarkable surge of 196.78% year-to-date, significantly amplifying investor wealth and nearly tripling returns during this period. Over the course of the year, the stock demonstrated an impressive ascent of 184.94%, outperforming the benchmark BSE 500 index, which posted returns of 23.90%. Mazagon Dock Shipbuilders Ltd witnessed a stellar performance in 2023, with its shares surging by an impressive 196.78% year-to-date, almost tripling investor wealth. The stock outpaced the benchmark BSE 500 index, registering a remarkable 184.94% gain compared to the index’s 23.90% returns over the same period. On the recent market activity, Mazagon…
Dunki Box Office Collection, Day 5: Despite fierce competition from Prabhas’ Salaar, the Shah Rukh Khan film experienced a noteworthy surge in audience attendance on Monday, Christmas Day. Dunki Box Office Update, Day 5: Despite a slow start, Shah Rukh Khan’s Dunki picked up pace during the long Christmas weekend. The film, which initially earned Rs 29.2 crore, faced a drop on the second day but rebounded on Saturday and surpassed its opening day collections on Sunday. Christmas Day saw impressive footfall, adding Rs 22.50 crore to its total, reaching Rs 128.13 crore domestically in five days. Red Chillies Entertainment…
Foreign Portfolio Investors (FPIs) channeled a net investment of Rs 57,313 crore into Indian equities within this month up to December 22, marking the most substantial monthly inflow they’ve recorded in the past year. Foreign portfolio investors (FPIs) have infused more than Rs 57,300 crore into the Indian equity markets this month, driven by factors such as political stability, strong economic growth, and a consistent decrease in US bond yields. As a result, the cumulative investment by FPIs in the country has exceeded Rs 1.62 lakh crore for the year. Looking ahead, the Chief Investment Strategist at Geojit Financial Services,…
In August of the previous year, ShipRocket, supported by Zomato, secured $33.5 million in funding, elevating its valuation to approximately $1.2 billion. Following Blinkit, Zomato, the online food delivery platform, is eyeing another significant acquisition. The company has proposed a $2 billion deal to acquire ShipRocket, a domestic logistics solutions provider, as reported by Bloomberg, citing informed sources. The decision on the acquisition is yet to be finalized. ShipRocket, backed by Zomato, had previously raised $33.5 million in August, valuing the company at approximately $1.2 billion. In the same month, Zomato successfully acquired Blinkit (formerly Grofers), along with its warehousing…
Billionaire Gautam Adani and his family are reportedly earmarking a substantial $1 billion investment for the conglomerate’s green energy unit, according to individuals with knowledge of the situation, aligning with the group’s swift pursuit of formidable environmental targets. Billionaire Gautam Adani and his family are reportedly planning to infuse $1 billion into the conglomerate’s renewable energy unit, according to sources familiar with the matter. The move comes as the group races to achieve ambitious green goals and addresses upcoming bond maturities next year. Adani Green Energy Ltd. is exploring the issuance of preferential shares to the company’s founders for expansion…
Air India secured a USD 120 million loan from SMBC, a Japanese lender affiliated with the Tata Group, to facilitate the acquisition of an Airbus A350-900 aircraft. Japan’s SMBC announced on Wednesday that Air India, owned by the Tata Group, has secured a $120 million loan for the acquisition of an Airbus A350-900. The transaction, facilitated through SMBC’s Singapore branch, is a secured debt facility, with AI Fleet Services, based in GIFT City, serving as the borrower. The A350-900 aircraft was successfully delivered in October 2023, as per an official statement. SMBC Group is delighted to strengthen its longstanding ties…
Siemens Soars: Shares Surge 9% as Company Unveils Ambitious Energy Business plan Siemens AG plans to acquire an 18% stake in its Indian joint venture from Siemens Energy AG for ₹18,968 crore. Shares of Siemens Ltd soared by 9% and achieved an all-time high today following the company’s announcement of the potential demerger of its energy business. The Board of Directors, in a meeting held on December 18, 2023, granted authorization to the company’s management to initiate exploratory measures necessary for assessing the feasibility of the proposed demerger. Siemens Aktiengesellschaft, Germany, Siemens International Holding B.V., and Siemens Energy Holding B.V.,…
In November 2018, Tata Steel initiated the second phase of expansion for its Kalinganagar project in Odisha, with the goal of elevating the production capacity from 3 million tonnes per annum to 8 million tonnes. This ambitious expansion project required a substantial investment of Rs 23,500 crore. Tata Steel is on track to complete the expansion of its Kalinganagar project in Odisha by the end of next year, according to Rajiv Kumar, Vice President of Operations at Tata Steel Kalinganagar. The second phase of expansion, initiated in November 2018 with a substantial investment of Rs 23,500 crore, aims to elevate…
Beverly Hills Cop Axel F teaser trailer: Eddie Murphy returns to the streets as Detective Axel Foley, bringing his signature wit and action-packed style after a three-decade absence. Eddie Murphy makes a triumphant return to the iconic role of Detective Axel Foley in Beverly Hills Cop: Axel F, marking a hilarious and action-packed comeback after a 30-year hiatus. The long-anticipated fourth installment of the beloved franchise, titled Beverly Hills Cop: Axel F, has finally unveiled its teaser trailer. This installment follows Detective Axel Foley as he resumes his duties in Beverly Hills, teaming up with a new partner, portrayed by…
