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Bain Capital in talks to buy Adani Capital for Rs 1,500 crore
18 Jul

Bain Capital in talks to buy Adani Capital for Rs 1,500 crore

Priyanka Bhowmick0 CommentsBusiness, India,
Global private equity firm Bain Capital is reportedly in advanced talks to acquire Adani Capital, the shadow banking arm of Gautam Adani's conglomerate, for Rs 1,500 crore, the Economic Times reported. According to sources directly involved, Bain Capital has overtaken Carlyle to emerge as the frontrunner in the acquisition process, as Adani aims to revive its business interests and focus on core infrastructure while conserving cash. Adani Capital, founded seven years ago, is led by Gaurav Gupta, a former Lehman Brothers and Macquarie investment banker who joined the collective in 2016. The management team including Gupta owns about 10 percent…
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MG launches India’s first pure-electric internet SUV, ZS EV with ADAS
17 Jul

MG launches India’s first pure-electric internet SUV, ZS EV with ADAS

Business Bureau0 CommentsBusiness
MG Motor India, the British automobile brand with a 99-year-old legacy, today launched the enhanced variant of its ZS EV with Autonomous Level-2, (ADAS) at a price of Rs.27.89 Lakh valid for a limited time. The MG ZS EV is a futuristic SUV with ADAS features that improve driving experience by providing assistance, control, and comfort. It combines electric power, internet connectivity, and autonomous capabilities, offering a sleek, on-road appearance and luxurious interiors. The 50.3kWh battery provides 17 ADAS features, 461 km on a single charge, meets global safety standards, and features iSMART, a 17.78 cm full-digital cluster, HD touchscreen…
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Kia – India’s fastest & youngest carmaker to achieve 1mn milestone
17 Jul

Kia – India’s fastest & youngest carmaker to achieve 1mn milestone

Business Bureau0 CommentsBusiness
By rolling out the first unit of New Seltos, Kia India celebrated the milestone of dispatching one million vehicles from its manufacturing facility at Anantapur. This celebration also marks the production commencement of New Seltos which is one of the most evolved, Safer, and Smarter SUVs to be available in India. This significant achievement underscores Kia's commitment to the Indian market and showcases the success of its strategic approach. With the launch of the Seltos in August 2019, Kia made its entry into the Indian market. It quickly became one of India’s favorite SUV brands. In a record time of…
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FCBD meet organized in Gandhinagar
17 Jul

FCBD meet organized in Gandhinagar

Business Bureau0 CommentsBusiness
Under India’s G20 Presidency, the Finance and Central Bank Deputies (FCBD) meeting is been convened from July 14 - 18, 2023 in Gandhinagar. The two-day meeting is being, co-chaired by Secretary,Department of Economic Affairs, and Dr. Michael D. Patra, Deputy Governor, of RBI, the two-day meeting will discuss major global economic challenges among G20 members and partner countries. Union Finance and Corporate Affairs Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Dr. Shaktikanta Das will jointly chair the meeting. The third FMCBG meeting will feature G20 members, finance ministers, guest country central bank governors, and international organization heads…
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Bandhan Bank’s total business stands at Rs. 2.11 lakh crore
17 Jul

Bandhan Bank’s total business stands at Rs. 2.11 lakh crore

Business Bureau0 CommentsBusiness
Financial results for the first quarter of the financial year 2023-24 have been announced by Bandhan Bank. The bank’s retail loan book grew at a healthy 87%. The Banks share of retail to total deposits now stands at 71%. In this quarter bank has achieved a landmark milestone of tripling its branch presence in less than 8 years of its presence. In the same period, the total business has grown to more than Rs. 2.11 lakh crore. The Bank’s total business grew 11% year-on-year to reach Rs.2.11 lakh crore as on March 31, 2023. The Bank serves more than 3.07-crore…
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Honda has launched the all-new Dio 125
17 Jul

Honda has launched the all-new Dio 125

Business Bureau0 CommentsBusiness
Honda Motorcycle & Scooter India (HMSI), has launched the all-new, sporty, advanced, and convenient Dio 125 in India. The Honda Dio 125 is a sporty and stylish vehicle with a bold design, dual outlet muffler, and sporty exhaust note. It features a sporty front with a headlamp and sleek position lamps, and an edgy rear with a modern tail lamp and split grab rail. The engine is 125cc BSVI PGM-FI, boosted by eSP (Enhanced Smart Power), and features an idling stop system and sidestand indicator with engine inhibitor. The fully digital meter provides advanced information for a rich riding experience.…
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Abu Dhabi Municipality enriches quality service
16 Jul

Abu Dhabi Municipality enriches quality service

Business Correspondent0 CommentsBusiness
Abu Dhabi City Municipality in partnership with AI Wahda Mall and AI Mushrif Mall is organising the 'Tawasul' initiative. The initiative aims to spread awareness amongst the people about the upcoming projects and services started by the municipality. The initiative was launched at Al Wahda Mall on July 11,12 and 13 will be in continuation at Al Mushrif Mall till 26th of july. The initiative will strengthen the relationship between public and municipality, suggestions and ideas will be taken from the public to improve services.
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The twelfth edition of ‘Quality Mark Awards’
16 Jul

The twelfth edition of ‘Quality Mark Awards’

Business Bureau0 CommentsBusiness
The Quality Mark Awards, organized by Quality Mark Trust, is the twelfth edition of the Make in India initiative. The awards celebrate entrepreneurs who make a mark in the industry for their products and services. The focus is on encouraging those with excellent knowledge, ideas, and unforgettable contributions to the country's progress. Small and Medium Enterprises play a crucial role in the nation's growth, contributing to industrial production, output, employment generation, and higher economic growth. The Quality Mark Awards is a testament to the credibility of the industry, with excellence being the ultimate certificate.  The awards will be held on…
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Adani Group Chairman Gautam Adani calls on Bangladesh PM in Dhaka
15 Jul

Adani Group Chairman Gautam Adani calls on Bangladesh PM in Dhaka

Business Correspondent0 CommentsBusiness
An industrialist Gautam Shantilal Adani, Chairman of the Adani Group met with the Prime Minister Bangladesh Sheikh Hasina in Dhaka in the backdrop of starting of power supply to the Bangladesh from the Group's ultra-supercritical thermal power plant (USCTPP) located in Godda, Jharkhand. In a statement, Adani Group said, "Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka on Saturday following the full load commencement of power supply to Bangladesh from the Group's Ultra Super-Critical Thermal Power Plant in Godda, India". "Honoured to have met Bangladesh PM Sheikh Hasina on full load commencement and handover of the…
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Elon Musk announces a new AI company
15 Jul

Elon Musk announces a new AI company

Priyanka Bhowmick0 CommentsBusiness, India,
xAI, Elon Musk's newly formed AI company, has revealed itself with a new website detailing its mission and team at https://x.ai/. Musk tweeted that the company's mission is to "understand reality" without further details or explanation. According to the website, "xAI's goal is to understand the true nature of the universe. The team is led by Elon Musk and includes team members who have worked with other big names in AI, including OpenAI, Google Research, Microsoft Research, and DeepMind (which recently folded into Google). In addition to Musk, the website lists Igor Babushkin, Manuel Kroes, Yuhuai (Tony) Wu, Christian Szedi,…
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