Infosys Outperforms Competitors in European Market
Infosys has edged out Wipro in the latest quarter, showing stronger growth driven by demand in European markets. The IT giant has adjusted its future growth guidance upwards, signaling positive expectations for India’s tech sector. Wipro, while also performing well, faces pressure from lower-than-expected outlooks
Adani Acquires Orient Cement in Major Deal
Adani Enterprises has finalized an ₹8,100 crore acquisition of Orient Cement, increasing its footprint in the Indian cement industry. The acquisition is seen as a strategic move, valuing Orient's capacity well below the typical greenfield setup costs. This deal underscores Adani’s continued expansion in infrastructure
Vedanta Announces ₹1 Lakh Crore Investment in Rajasthan
Vedanta has committed to investing ₹1 lakh crore in Rajasthan, focusing on the region’s rich zinc and oil reserves. The investment is expected to bolster local economies and drive growth in resource extraction and processing
Byju’s Legal Battle Ends; Insolvency Proceedings to Resume
Byju’s faced a legal setback as the Supreme Court overturned a previous order blocking insolvency proceedings linked to a ₹158.9 crore settlement with the Board of Control for Cricket in India (BCCI). This development will impact Byju's financial strategies as it works to resolve its debt-related challenges amid the broader education sector pressures
GMR Group Secures ₹6,300 Crore from Abu Dhabi Investment Authority
GMR Group has successfully raised ₹6,300 crore from the Abu Dhabi Investment Authority. The investment, made through structured debt instruments, will enhance GMR’s aviation and infrastructure capabilities, reinforcing its expansion plans in India's growing airport sector
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