Mumbai: Gautam Adani-led Adani Enterprises aims to expand the capability at its airports by raising almost $15 billion, 70% of which is expected to be debt. Adani Airport Holding Limited (AAHL), currently manages seven airports- Ahmedabad, Thiruvanthapuram, Guwahati, Jaipur, Mumbai, Mangalore and Lucknow and is all set to welcome passengers at the upcoming Navi Mumbai airport, aims to upgrade their capacity due to surging demand. Under Gautam Adani, AAHL has emerged as the leading airport operator in India in record time, starting with the acquisition of the Mumbai airport from Hyderabad-based GVK Group in 2020. Following that, the company won…
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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Mumbai: Small town-focused e-commerce platform Meesho’s ₹5,421 crore IPO is all set to open today, December 3 and run till Friday, December 5. Through the IPO, the company will issue fresh shares worth ₹4,250 crore along with an Offer For Sale (OFS) component of ₹1,171 crore. As per its Red Herring Prospectus (RHP), the company aims to use the proceeds to invest in cloud infrastructure and machine learning in order to enhance its offerings, leveraging the power of AI. Besides that, Meesho also aims to fund inorganic growth, and finance other strategic initiatives. The secret sauce to Meesho’s rise? A…
New Delhi: The Indian consumers have taken the government’s pre-Diwali GST gift a bit too seriously. The reduction in GST rates helped boost auto sales, with many ditching their indecisiveness to book their dream vehicles. Automakers, on their part, have also played their part, luring customers with attractive offers. According to industry estimates, car sales have risen almost 21% year on year, with up to 4,25,000 cars sold in November 2025. Maruti Suzuki sold almost 1,70,971 units, a rise of 21% from the last month, helping it reduce its inventory. “Our sales last month is the highest-ever we have seen…
Just when the e-commerce boom started, majorly in the early 2010s, leading courier companies were suddenly given an opportunity they couldn’t refuse, of the growing demand to deliver e-commerce orders from the source to the destination anywhere in the country. Till then, the government-run India Post, along with other private courier companies like DTDC, Blue Dart and Gati, had established themselves in the market, but they were unprepared for the unique demands that e-commerce brought to them- live tracking, cash on delivery(COD) management, and the resultant infrastructure needed to make all of it possible. The leading e-commerce players in the…
Mumbai: Silver prices continue to rise post Diwali, as the cheaper cousin to gold has seen its value skyrocket from about ₹95,700/kg in 2024 to more than double that this year. Many long-term investors, wary of investing in overvalued stocks, have turned their attention to the poorer cousin of gold, considering its relative affordability and the hedge it provides for stable growth/ Though there was a slight drop in silver prices post Diwali, dropping to ₹1,72,000/kg from an all-time high on October 15, the demand for silver has remained steady, even after the seasonal surge in demand for the festive…
New Delhi: Following the recent developments in the economy, the Indian Rupee has weakened further against the US dollar, sliding to an all-time low to ₹89.76 this year. The 4% overall decline has been due to consistent foreign capital outlflows, strong import demand for crude, commodities and capital goods that has affected the value of the Rupee. On top of that, higher costs of imported inputs, including in sectors like electronics, chemicals and oil and gas, have seen increased costs further affecting the Rupee. Besides that, an increase in demand for US Dollars has also played its part. “The Indian…
Mumbai: Stockbroker Prabhudas Lilladher has been barred from taking on new assignments for seven days starting form December 15 following SEBIs investigations of multiple compliance issues. Accoridng to the market regulator, Prabhudas Lilladher misrepsented some client account balances, failed to settle client accounts on time and overcharged brokerage beyond the permissible limits. “The Noticee is prohibited from taking up any new assignment or contract or launching a new scheme, in so far as maybe applicable to it as a SEBI registered Stock Broker for a period of seven (7) days starting from December 15, 2025 (Monday).” The SEBI order issued…
Mumbai: Kolkata-based Tega Industries is all set to acquire a controlling stake in US-based Molycop after it signed a definitive agreement with the American Industrial Partners (AIP) an affiliate of funds that owns the company. With this acquisition, Tega Industries will be able to enhance its market position and expand its operational capabilities in the mining equipment sector. Tega Industries has been raising funds for the $1.45 billion acquisition since September. The company, which is currently worth about ₹12,880 crore is one of India’s leading mining equipment manufacturers, with four manufacturing facilities in India and one each in Chile, South…
This year will be remembered as the year of the IPOs. But not just yet. For December, there are still many companies waiting to raise funds for business expansion or investors looking to cash in on the increased interest in these companies. Here are 4 companies looking to raise money next week. Meesho This rather under the radar e-commerce company has been loved for its highly affordable pricing, especially in towns and smaller cities. Independent sellers, including Small and Medium Enterprises (SMEs) and resellers depend on it for its livelihood, with the company handling supply chain, cataloging and logistics. Over…
Chennai: Employees of real estate firm Casagrand are looking forward to a fully paid holiday to London, as part of its owner Arun Mn’s commitment to sharing wealth with its workforce. “Every year when we celebrate our people in this special way, it reinforces what Casagrand truly stands for. Our teams are the soul of this organisation, and seeing their happiness, the laughter, the tears of joy, the overwhelming emotions make all of us very proud and happy for the culture we all built in our organisation together,” Arun Mn said in an interaction with HT. The company’s employees will…
