Category: Business & Economics

Mirae Asset Investment Managers (India) Pvt. Ltd. has taken a pioneering step in India’s financial markets by introducing the country’s first Exchange Traded Fund (ETF) focused exclusively on the Electric Vehicles (EV) and New Age Automotive sector. This new ETF, named ‘Mirae Asset Nifty EV and New Age Automotive ETF,’ is designed to track the performance of the Nifty EV and New Age Automotive Total Return Index. It aims to provide investors with opportunities for long-term capital appreciation by investing in companies leading innovation in electric vehicles, hybrid vehicles, battery…

In a landmark series of decisions aimed at bolstering India’s infrastructure and renewable energy sectors, the Union Cabinet approved several ambitious projects during its recent session. Chief among these approvals is the construction of a state-of-the-art port at Vadhavan near Dahanu in Maharashtra’s Palghar district, with an estimated investment of ₹76,200 crore. The Cabinet also greenlit India’s pioneering offshore wind energy initiative, earmarking sites off the coasts of Gujarat and Tamil Nadu for the installation of 1GW offshore wind projects—500 MW each. The Cabinet sanctioned the expansion of Lal Bahadur…

Gautam Adani, Chairman of Adani Group, recently delivered a keynote address at the CRISIL-organized event “Infrastructure – Inspiration for India’s Future,” underscoring the pivotal role of infrastructure in India’s economic trajectory. His impassioned speech resonated with the audience as he articulated a compelling vision for India’s future through robust infrastructure development. Adani began by invoking historical precedents, emphasizing how great civilizations like ancient Rome and industrial Britain flourished on the back of extensive infrastructure networks. Drawing parallels, he highlighted China’s rapid transformation propelled by strategic infrastructure investments since the late…

Adani Ports & SEZ Set to Redefine India’s Maritime Landscape with ₹45,000 Crore Mundra Port Expansion. With this expansion, APSEZ aims to significantly enhance its operational capabilities, projecting to surpass 200 million metric tonnes (MMT) of cargo throughput at Mundra alone by FY25. Beyond maritime operations, Mundra is poised to become a hub for renewable energy manufacturing, with plans underway for the world’s largest facility of its kind. As APSEZ prepares to embark on this ambitious expansion journey, stakeholders anticipate substantial economic benefits, job creation, and heightened logistical efficiency. This…

Turkish turns to partner airlines to boost India flights. Wizz Air aims to launch its first India flight in 2025. International passengers to grow to 160 million by 2030. Local carriers IndiGo, Air India expand with new planes. Aircraft lessor DAE says India demands “unlike” elsewhere. Global airlines are actively expanding their operations in India, betting on the country to emerge as one of the most vibrant travel markets in the coming decade. At the recent International Air Transport Association (IATA) summit in Dubai, India stood out as a focal…

A US court recently ruled against India’s largest IT services exporter,Tata Consultancy Services (TCS) in a trade secrets misappropriation case. This significant penalty arises from a case where TCS was found guilty of unlawfully accessing and using proprietary information belonging to another company. A court in the United States found TCS liable for misappropriating trade secrets from an unnamed company, likely Computer Sciences Corporation (CSC) which has since merged with DXC Technology. The lawsuit, filed five years ago, alleged that TCS stole CSC’s trade secrets. TCS must pay around $194…

Hyundai Motor India has taken significant steps towards its much-anticipated initial public offering (IPO) by seeking regulatory approval for a listing on the Mumbai stock exchange. This move could potentially make it the largest IPO in India’s history, with plans to raise between $2.5 billion to $3 billion. The decision to go public marks a strategic move for Hyundai Motor India, as it anticipates benefits such as enhanced visibility, improved brand image, and increased liquidity through access to the public market. This IPO is significant as the first by an…

In a striking display of resilience, India’s stock market swiftly rebounded from the tumultuous aftermath of the recent elections, marking one of the fastest recoveries in a decade. The rapid resurgence of Indian stocks reflects the strong confidence of domestic investors, who capitalized on the near-$400 billion selloff by buying discounted prices. This turnaround reflects investors’ faith in local equities’ long-term growth potential and their readiness to endure short-term volatility for favorable returns. The liquidity influx has led to challenges, including inflated prices for smaller stocks, driven by non-institutional players’…