The initial public offering (IPO) of NTPC Green Energy Ltd., one of the largest IPOs of the year, is attracting strong interest due to its promising long-term growth potential. The state-run NTPC Ltd.'s green energy arm is set to raise Rs 10,000 crore through its IPO, which opens for subscription on November 19, with a price band of Rs 102 to Rs 108 per share. Analysts are optimistic about the offering, highlighting NTPC Green Energy's solid financial backing from its parent

In the 2024 Andhra Pradesh state budget, the NDA-led government has allocated Rs 3445 crore for the development of Amaravati, the state's proposed capital. This marks a significant boost for the capital region, signaling a renewed commitment to its growth and infrastructure development. The Rs 3445 crore allocation includes: Rs 3000 crore for the development of basic social infrastructure in Amaravati, focusing on essential services and urban d

The ambitious rebuilding of the Amaravati capital project has resumed after a five-year hiatus, fueled by the renewed leadership of Chandrababu Naidu under the NDA government. With significant financial backing, the project is set to gain momentum once again. Chandrababu has successfully secured Rs 15,000 crore in financing through the World Bank and an additional Rs 11,000 crore from HUDCO. In a significant development, the deep-pocketed Adani Group has also come on board to bolste

Aegis Vopak Terminals Ltd. has announced that its board of directors has approved a proposal to raise ₹4,000 crore through an initial public offering (IPO) and an additional ₹800 crore via private placement. The IPO will consist of a fresh issue of equity shares, each with a face value of ₹10, as stated in the company's exchange filing. The IPO is subject to regulatory approvals and market conditions, while the preferential issue will be conducted on a private placement ba

Industrialist and philanthropist Ratan Tata, who passed away on October 9 at the age of 86, has left behind a heartfelt legacy not only for his family and foundation but also for his beloved dog, Tito. In his will, Tata ensured "unlimited" care for Tito, who was adopted six years ago following the death of his previous dog. Tito will be looked after by Ratan Tata's long-time cook, Rajan Shaw, showcasing Tata's deep affection for animals. Ratan Tata was well-known f

The nation continues to mourn the loss of Ratan Tata, a titan of industry and a beloved figure in India. In a heartfelt tribute, Chief Minister Chandrababu Naidu has announced the establishment of the Ratan Tata Innovation Hub in Amaravati, aimed at commemorating Tata's profound legacy and contributions to the Indian economy. During a review of the industrial policy, CM Naidu outlined that the Innovation Hub will be located in the capital city and will consist of five centers, e

On October 9, India mourned the passing of Ratan Tata, the iconic business leader and philanthropist whose influence shaped the country's industrial landscape. Tributes have been pouring in, celebrating a life marked by integrity, innovation, and compassion. In a heartfelt LinkedIn post, N. Chandrasekaran, Chairman of Tata Sons, paid tribute to his mentor, reminiscing about their time together. He highlighted Ta

The past week was significant in shaping India's economic narrative, marked by the death of industrialist Ratan Tata and shifts in monetary policy. Ratan Tata's Passing and Noel Tata's Appointment: India mourned the loss of Ratan Tata, the revered former chairman of Tata Sons, who passed away at 86. In a board meeting, Noel Tata was appointed as the new Chairman of Tata Trusts, a pivotal moment in the continuity of the Tata legacy. Noel, wh

In a significant transition for the Tata Group, Noel Tata has been appointed Chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who passed away at the age of 86 in a Mumbai hospital. Ratan Tata's death marks the end of an era for Indian business, where he transformed the Tata Group into a global powerhouse, reshaping the country’s industrial landscape. Noel Tata has been an influential figure within the Tata Group since he joined in the early 2000s. His appoi

Renowned industrialist Ratan Tata passed away at a Mumbai hospital on Wednesday, at the age of 86. His body has been placed at the National Centre for Performing Arts (NCPA) in Nariman Point, where the public can pay their last respects from 10 AM to 4 PM. His cremation is scheduled to take place later in Worli. Born in 1937, Ratan Tata was raised by his grandmother, Navajbai Tata, after his parents' separation in 1948. Known fo

The adoption of electric vehicles (EVs) in India has been on the rise, but some owners have faced troubling experiences. A notable case from Hyderabad involves Mr. Jonathan Brainard, who sought legal redress after his Tata Nexon EV caught fire. The district consumer disputes redressal commission of Hyderabad has now ordered Tata Motors to compensate him. The court ruling requires Tata Motors to refund the full purchase price of Rs 16.95 lakh, along with an interest of 9%. Additional

Following the announcement of its initial public offering (IPO), Swiggy has drawn significant attention from various celebrities in sports and entertainment, acquiring stakes in the restaurant aggregator before it hits Dalal Street. Notable investors include cricket legends Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, filmmaker Karan Johar, and actor Ashish Chowdhry. According to the Economic Times, around 200,000 shares of Swiggy's parent company, Instamart, have already been

The Tata Group is making significant strides into the semiconductor industry, as Chairman N Chandrasekaran announced plans to establish new manufacturing facilities in various locations across India, including Assam and Ozhur in Kerala. Chandrasekaran emphasized the group’s commitment to building a robust semiconductor ecosystem in the country. The main facility, a semiconductor fabrication plant (Fab), is under construction in Dholera, Gujarat. This state-of-the-art facility

Over the past five years, Andhra Pradesh has faced significant political turbulence, particularly concerning the state's capital. The YCP administration's sidelining of Amaravati and its controversial three capitals proposal led to widespread discontent, culminating in a dramatic reduction in YCP's legislative presence from 151 MLAs in 2019 to just 11 in 2024. With the TDP+ coalition returning to power, there was a renewed expectation for Amaravati to regain its status as the stat

Over the past five years, Amaravati's property market suffered significantly due to the YCP government's neglect of the capital region. Commercial and residential establishments saw a dramatic decline in value and market demand. However, with the return of the TDP+ government, signs of recovery are becoming apparent. Recent reports indicate a noticeable increase in demand for commercial spaces, as tech giants and other corporations begin to show interest in investing in Amaravati once

The ongoing controversy surrounding Andhra Pradesh's capital city continues as YS Jagan Mohan Reddy's government persists with the contentious plan to establish Visakhapatnam as the executive capital. This move came immediately after Reddy's administration took office in 2019 and has faced significant opposition and legal challenges. The original idea to decentralize governance by having three capitals was met with strong resistance from various regions, especially from Vizag, and