Author: Abizar Attari
News Editor

Mumbai: Adani’s data centre arm, AdaniConneX (ACX), a joint venture between Adani Enterprises and EdgeConneX, is all set to acquire 100% of  Trade Castle Tech Park Pvt Ltd (TCTPPL) for ₹231.34 crore. The acquisition of this unlisted company is aimed at expanding AdaniConnX’s portfolio of data centres, considering the ever-increasing data centre demand in India. According to a declaration to the NSE, Adani will take 100% of the equity in this company, which has zero revenue but holds a sizeable land parcel, along with key infrastructure licenses. The Adani Group, led by Gautam Adani, has been expanding its business at…

Mumbai: India’s biggest Low Cost Carrier (LCC) IndiGo has approved an investment of $820 milliino into its aircraft leasing subsidiary InterGlobe Aviation Financial Services IFSC (IndiGo IFSC) to acquire new aircraft further. This investment signals a major strategic shift from its existing leasing model, which it has been following until now. IndiGo had incorporated its leasing subsidiary IndiGo IFSC on October 12, 2023 as a wholly owned subsidiary of the company in the GIFT city, Ahmedabad, Gujarat. The company will make the investment through a combination of 0.01% Non-Cumulative Optionally Convertible Redeemable Preference Shares (OCRPS) and equity shares, in one…

For an average Indian household, gold remains an asset that is highly prized and is sold only when there is an emergency. Buying gold remains an achievement, based on the fact that the price will never depreciate, and will remain more or less in line with inflation.  For those who prefer to invest in stocks, some stocks are worth their weight in gold, just like your mom, who’d never consider selling them if she had a choice. Across the universe of stocks, seven stocks have become so precious that they’re worth more than the rest of the entire S&P 500…

Hyderabad: R Systems International Ltd, an IT-enabled Services company (ITeS) has now been elevated to the diamond partner status by global automation leader UiPath, as the company looks to deliver intelligent AI-based automation and digital transformation solutions to businesses. With this, R Systems will gain early access to UiPath’s advanced tools, training and ecosystems- helping it build, deploy and manage large-scale automation solutions. This will also help R Systems help its clients achieve end-to-end business automation, while deploying robots and processes to boost their outcomes. “Our partners play a critical role in the agentic future of UiPath, from identifying use…

Mumbai: India’s nodal highway agency, NHAI, has launched a new public investment manager (Public InvIT), the Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) aimed to raise capital and monetize highway projects in the country. RIIMPL will manage funds for the proposed Raajmarg Infra Investment Trust (RIIT), an investment vehicle aimed at offering long-term investment opportunities for domestic and retail investors in the country. This initiative is aimed at monetizing almost 1,500 kilometres of highways over the next 3-5 years, in partnership with leading financial institutions, including Axis Bank, SBI, Punjab National Bank, Bajaj Finserv, HDFC Bank, ICICI Bank, IDBI Bank,…

Mumbai: Engineering firm Tembo Global Industries has secured a contract worth ₹107.05 crore from Adani Enterprises and its group companies for multiple engineering projects. The company has 18 months to execute the contract, with preliminary works already underway. The scope for the project includes project planning, management, design, overview and consultancy services, for which the formal agreement will be executed upon the finalisation of the detailed scope of work. “We are honoured to receive this mandate from Adani Enterprises and its group companies. This collaboration reflects the trust our clients place in our engineering capabilities and project execution excellence. We…

Surat: For artisans who’ve depended on diamonds for their livelihoods, this recession has been one of the worst they’ve ever seen, showing no signs of fading. An estimated 8 lakh diamond artisans are now worried about the future of their livelihoods, as the diamond grinding units have severely curtailed production or are yet to open after the Diwali vacation. According to Surat Diamond Association President Jagdish Khunt, only about 60% of the 4,000-odd diamond grinding units are operational in Surat, while many artisans are yet to arrive in the city after their annual Diwali vacations. Those who are currently employed…

Mumbai: Shares of electronics assembler Kaynes Technology have slipped nearly 6% since Tuesday, November 18, even though the company has delivered an exceptional, triple-digit growth in revenues and profits for the July-September quarter. The company’s shares have been one of the best-performing on the bourses, rising more than 4,500% over 5 years, though its values have declined by 21% on a year-to-date basis.  One of the leading brokerages and fund houses in India, Motilal Oswal, had published a research report about 2 months ago saying the company was a good stock pick, with a target price of ₹8,200 from its…

New Delhi: India’s overall inflation rate fell into negative territory for the first time in over a decade, as the consumer price index (CPI) fell to an all-time low of -0.25% in October 2025. Food inflation, for the first time since 2013, also contracted to -5.02%, as strong agricultural output for both Kharif and Rabi harvest helped control inflation. The pre-Diwali GST rate cuts offered the first hope for a change, and that’s hope is expected to play out, at least in the near term. This also brings with it the prospect of lower interest rates on EMIs and other…

There is more to men than their role as a provider and protector. Men have to face far greater challenges than they think they have- from longing to see their kids to fulfilling expectations to provide for their loved ones. This day, men express their thoughts on International Mens Day, and the hopes they have for the future. A leading personality on X, Nikhil Saini posted To all my brothers who keep going despite the struggle, the grind, the pressure to smile even while carrying the heaviest battles inside. Your strength is silent but powerful. To all my brothers who…