Lulu Group International, a prominent UAE-based conglomerate led by billionaire Yusuff Ali M.A., is set to make a significant investment in India’s retail landscape. The company has announced plans to construct a massive shopping mall in Ahmedabad, Gujarat, with an investment of ₹3,000 crore. This development is poised to be India’s largest mall, marking Lulu…
Pingjiang County, China – A team of geologists in China has made a groundbreaking discovery, unearthing a massive gold deposit in Pingjiang County, Hunan Province. The deposit, located in the Wangu gold field, is estimated to contain approximately 1,000 tons of gold, with a valuation of ₹7.09 lakh crore. Experts believe this could be one…
Qatar has announced a significant investment of $10 billion in India, marking a major step in reinforcing the economic partnership between the two nations. The announcement follows high-level discussions between Indian Prime Minister Narendra Modi and Qatar’s Amir, Sheikh Tamim bin Hamad Al Thani, during his recent visit to New Delhi. Strengthening Economic Relations The…
Tesla, the world’s leading electric vehicle (EV) manufacturer, is actively seeking land to establish its first production facility in India, with Maharashtra emerging as a strong contender. According to a report by The Economic Times (ET), the American automaker has begun evaluating potential locations and is in discussions with state officials regarding the project. Tesla’s…
In a landmark move poised to reshape India’s media and entertainment landscape, Reliance Industries Limited (RIL) and The Walt Disney Company have finalized a binding agreement to merge their Indian media operations. This strategic alliance aims to create a formidable entity valued at approximately $8.5 billion (₹70,352 crore), positioning it as the nation’s largest media…
New Delhi, February 15, 2025 – The Indian government has revised the import tariffs on bourbon whiskey, lowering the total duty to 100% from the previous 150%. The tariff notification, officially dated February 13, 2025, went largely unnoticed until February 14, when media reports highlighted the change. According to the notification, bourbon imports will now…
Bharat Sanchar Nigam Limited (BSNL), the state-owned telecom operator, has reported a net profit of Rs 262 crore for the October-December quarter of fiscal year 2024-25. This marks a significant milestone as the company returns to profitability for the first time since 2007, signaling a strong financial turnaround. Factors Driving BSNL’s Profitability BSNL attributes its…
The premium Tejas Express trains running between Delhi-Lucknow and Ahmedabad-Mumbai have reported a significant financial loss of ₹62.88 crore, primarily due to low passenger occupancy. With around 200-250 seats remaining vacant daily, the viability of these privately operated trains has come under scrutiny. Declining Demand and Competition from Other Trains One of the primary reasons…
Anil Ambani’s Reliance Power has recently demonstrated a remarkable turnaround, reporting a net profit of ₹419.5 crore and achieving zero bank debt after settling ₹4,217 crore in obligations. Additionally, the company secured a significant project from the Solar Energy Corporation of India (SECI) to develop a 930 MW solar power plant coupled with a 1,860…
In a significant milestone, Apple’s iPhone exports from India have surpassed the Rs 1 trillion mark in the first 10 months of the fiscal year 2025 (FY25), reflecting a 31% increase from Rs 76,000 crore during the same period in the previous fiscal year. This remarkable growth underscores India’s burgeoning role in Apple’s global supply…