The National Company Law Appellate Tribunal (NCLAT) has directed Adani Infrastructure & Developers Pvt. Ltd. to pay 12% annual interest on a delayed balance of ₹305 crore from a liquidation auction of land belonging to Anil Limited in Ahmedabad. Key Highlights Auction Details: On December 29, 2022, Adani…
Microsoft Corp. CEO Satya Nadella announced a $17.5 billion investment in Indian data centres during his second visit to the country in 2025, following a meeting with Prime Minister Narendra Modi. Including a $3 billion AI infrastructure initiative announced in January, Microsoft’s total India commitments for the year…
Aditya Birla Renewables, a wholly owned subsidiary of Grasim Industries Ltd under the Aditya Birla Group, announced that BlackRock’s infrastructure fund will invest approximately ₹2,000 crore ($222.5 million) to acquire a minority stake in the green-energy company. Investment Details Investor: BlackRock Global Infrastructure Partners Initial Investment: ₹2,000 crore…
Amazon Inc. has announced plans to invest over $35 billion in India by 2030, taking its total cumulative investment in the country to $75 billion. The announcement underscores India’s significance as a priority growth market for the global e-commerce giant, even as competition intensifies in logistics, cloud services,…
Gautam Adani, Chairman of the Adani Group, announced plans to invest more than US$ 75 billion over the next five years to accelerate India’s transition to renewable energy, describing the sector as one of the largest growth industries globally. The announcement was made during the centennial celebrations of…
Haryana-based Park Medi World, operator of the Park Hospitals network across North India, has opened its ₹920-crore initial public offering (IPO) for public subscription. The IPO, priced between ₹154 and ₹160 per share, comprises a ₹770-crore fresh issue and a ₹150-crore offer for sale. The move aims to…
Axis Gold and Silver Passive FOF NFO Overview: An open ended fund of funds scheme investing in units of gold and silver exchange traded funds Axis Gold and Silver Passive FOF NFO Investment Objective: The investment objective of the scheme is to generate returns by investing in units…
Anupam Rasayan India Limited has approved the acquisition of Monitchem Kansas S.àr.l and its subsidiaries, including Jayhawk Fine Chemicals Corporation, from CABB Europe GmbH for up to USD 155 million. This strategic move aims to strengthen Anupam Rasayan’s presence in the US, offering access to specialized chemical manufacturing…
Siemens International Holding B.V. is set to acquire a 1% stake (3,561,203 equity shares) in Siemens Limited from Siemens Energy Holding B.V. for ₹11,407.87 crore, at a price of ₹3,203.37 per share. This inter-promoter transfer will increase Siemens International Holding’s stake from 47.70% to 48.70%, while Siemens Energy…
ACME Solar Holdings Limited’s subsidiary, ACME Eco Clean Energy Private Limited, has commissioned the second phase of its 100 MW wind power project in Gujarat, adding 16 MW to its operational capacity. The project is located in the villages of Dhakaniya, Dhajala, and Dhandhalpur in Surendranagar District. The…
