Mumbai, August 27: Former Zee Media baron and Essel Group Founder Subhash Chandra is a lucky man. The National Company Law Tribunal (NCLT) has approved the repayment plan where he has to pay just ₹6.5 crore against claims of ₹22,006.57 crores, with 80.81% of the voting creditors backing it. In a 144 page long order, the NCLT said that Chandra’s personal real estate was significantly less than the amount offered under the plan, and that the opposing creditors were unlikely to recover more by rejecting it, as Mr Chandra would face bankruptcy rather than pay back from a position of…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Bikaner, August 26: Ethnic snacks and sweets giant Bikaji Foods International Limited is all set to venture into the bakery segment, partnering with global bakery expert Thayekunni Khaleel to establish a dedicated bakery division in India. For this, the Rajasthan-based ethnic snacks maker has set up a subsidiary, Bikaji Bakes Private Limited (BBPL), where it will transfer a 30% equity stake to Mr Khaleel while retaining a 70% majority stake. With this, Bikaji Foods can now expand beyond its core strengths in traditional Indian bhujia, packaged savories and ethnic sweets into high-margin, rapidly growing bakery products. Mr Khaleel’s global bakery…
Belagavi, August 27: Hindalco Industries Limited has officially commissioned India’s first greenfield superfine Precipitated Aluminium Trihydrate (PPT ATH) manufacturing facility at its Belagavi plant in Karnataka. With this plant, India no longer needs to import this critical material, mostly from China, strenghtening the Aatmanirbhar Bharat and Make In India initiatives. Precipitated Aluminium Trihydrate (PPT ATH) is an essential halogen-free flame retardant and smoke suppressant widely used in wire and cable manufacturing, polymer compounds and high voltage electrical insulation systems. With this plant, Hindalco will be supplying 30,000 tonnes of the material in Phase 1, with a planned expansion of up…
New Delhi, August 26: India’s quick commerce, logistics and retail sectors are expected to have a bitter, rather bleak, festive season this year for no fault of theirs. In recent months, over 15 stars have hiked their minimum wages, with some reaching almost 60%. This sudden surge has left the entire quick commerce, logistics and retail sectors with far narrower margins, already impacted by high commodity prices, elevated freight charges and a weakening rupee- creating a multi-factor blow even as these companies ramp up hiring and inventory to meet festive demand. According to government data, almost 1.2 crore Indians work…
Noida, August 26: The National Association of Software and Service Companies (Nasscom), the body representing IT companies in India, has urged US policymakers to rethink the $103,265 fee (more than Rs.98 lakh) fee for H-1B visa applicants, stating that Indian IT companies have already cut back their reliance on it while boosting upskilling and hiring more American workers. Changing times According to the latest figures, major Indian IT firms have cut back usage of the popular visa scheme by 37% since 2024, with only highly specialized employees being sent to client locations through the program. Instead, Indian IT enterprises have…
New Delhi, August 26: Shares of Hindustan Zinc Ltd rose 4% today after the Department of Investment and Public Asset Management (DIPAM) issued a clarification ruling out any immediate plans for a government-led Offer for Sale (OFS) in the company. This development comes as the government looks to meet its divestment targets, with the Hindustan Copper OFS going live on August 25. The government currently holds a 27.92% stake in Hindustan Zinc, with Vedanta Limited holding a 60.71% controlling stake. With silver and zinc prices shooting through the roof, Hindustan Zinc remains one of the strongest performers in the stock…
New Delhi, August 26: Healthcare major Park Medi World Limited has won a Public-Private Partnership (PPP) model contract from the Prayagraj Municipal Corporation to construct, equip, and operate a 550-bed multi-super-speciality hospital in the city. With an estimated investment of ₹200 crore, the project will strengthen Park Medi World’s operational footprint in Uttar Pradesh to 1,260 beds. To support the development, the Uttar Pradesh state government will be providing a 76.52 crore grant, covering about 38% of the total capital outlay. Park Medi World will be paying an annual concession fee of Rs.18.10 crore as per the contract, with an…
Ahmedabad, 26 August: Adani Energy Solutions Ltd (AESL) has won a ₹4,700 crore transmission project to evacuate renewable and stored energy generated in Karnataka to major demand centers in Maharashtra. Housed under the Special Purpose Vehicle (SPV) Satara Power Transmission Ltd, the project has a 36-month deadline, adding 562 circuit kilometers (ckm) of transmission lines and 9,000 MVA of transformation capacity to AESL’s portfolio, taking the total to 29,739 ckm and 1,43,425 MVA transformation capacity. With this, AESL’s total transmission orderbook now stands at ₹85,000 crore. Post completion, the project will help support energy supply to Satara, Pune and the…
Pune, August 25: Speciality chemical manufacturer Sudarshan Chemical Industries Limited has signed an agreement to acquire the aluminium dyes manufacturing plant that produced its flagship Sanodal and Sanodure product lines, offering long term continuity to these brands. The Pune-based company will be paying CHF 7 million to Clariant Additives (Switzerland) AG for the plant in Reinach, Switzerland, allowing it direct operational control for its flagship brands. This strengthens Sudarshan Chemicals’ backward integration efforts, locks in long term supply continuity and solidifies its market presence across Europe and global specialty pigment markets. For the company, this also means improving its specialty…
There is an inherent fascination with becoming rich and famous. But earning a consistent and ever-increasing income doesn’t necessarily mean being in the limelight. A host of boring, everyday small businesses that remain under the radar can offer consistent revenues and profits, and help you secure a future for yourself and your families. Though competition, seasonality of demand, or situations beyond your control can impact your income, you can always earn well if you put in all your dedication and efforts towards your goal. That’s why these 10 local, ‘boring’ businesses have the potential for strong revenue growth, allowing you…
