The story of Ankur Jain, unchecked ambition, and ₹2,100 crores in losses A) The Context Picture this: It’s 2017. You walk into a Bangalore brewpub. Everyone’s drinking the same beer&mdas...
The Enforcement Directorate (ED) has summoned three independent directors of Care Health Insurance, a subsidiary of Religare Enterprises, to appear on August 5 as part of a money laundering investigation. Care Health Insurance's chairperson, Rashmi Saluja, is embroiled in a takeover dispute with the Burman family over Religare Enterprises. Saluja also serves as the executive chairperson of Religa...
Hexaware Technologies, a prominent IT services and solutions company headquartered in Navi Mumbai, India, is expanding its footprint in the Philippines by establishing a second operational hub. According to a recent announcement, the new Manila delivery center, situated in the thriving Bonifacio Global City, will offer a range of services including customer support, IT troubleshooting, and help d...
The National Stock Exchange (NSE) has introduced India’s inaugural website dedicated to passive funds. This platform aims to simplify access to information for retail investors and enhance their understanding of the Indian passive funds market. The new website, accessible at (http://www.indiapassivefunds.com), offers detailed data on the passive funds sector, including aggregate industry st...
Kochi's Cochin International Airport Limited (CIAL), the fourth busiest airport in India for international travel, is gearing up for a new phase of growth. As India braces for a surge in domestic air travel, CIAL plans to expand its facilities and enhance connectivity, aiming to position Kochi as a regional hub by 2034. S Suhas, the managing director of CIAL, outlined the airport's strategic plan...
Goa Shipyard Limited (GSL) has successfully launched 'Triput,' the first indigenously-built Talwar class frigate, on July 23. This significant milestone follows reports that Russia is preparing to deliver the first of this class, named 'Tushil,' to the Indian Navy in September 2024. A second frigate, 'Tamal,' is slated for delivery by February 2025. In October 2016, India and Russia inked an agre...
Tata Capital has committed Rs 239 crore in funding to BluPine Energy for the development of a solar power project in Chhattisgarh. Announced on Monday, this financial assistance will support the construction and operation of a 75-megawatt (MW) solar facility. The project, expected to generate approximately 117 million units of electricity annually, is a significant step towards reducing carbon di...
Thyrocare Technologies has expanded its presence in Northern India by acquiring the pathology business of Polo Labs. The acquisition aims to enhance Thyrocare's diagnostic capabilities in the region, promising faster services and greater convenience for patients. The deal involves integrating Polo Labs' 14 laboratories, spread across Punjab, Haryana, and Himachal Pradesh, into Thyrocare's existin...
Starting soon, Cochin International Airport (CIAL) will introduce a new self-immigration process for international travelers, aiming to complete the procedure within 20 seconds using advanced biometric e-gates. This innovation, part of the Union Ministry of Home Affairs (MHA) 'Trusted Traveller Programme,' will make CIAL the second airport in India to offer this facility, following Delhi Internati...
In a significant ruling, the Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore penalty on Care Health Insurance for non-compliance with regulations. This decision marks a stern response from the regulatory body, emphasizing the importance of adherence to established guidelines. Rashim Saluja has been directed to buy back the stock options granted to him. Furth...
The Unthinkable Just Happened Imagine this: A company that started by mailing DVDs in red envelopes just bought one of...
The Story Over the last two years, government agencies auctioned 88 gigawatts of solar and renewable projects...
What's the story? Elon Musk says it. Jeff Bezos believes it. And now Sundar Pichai is betting big on it. By 2030, it co...
The Story of Two Bansals, a $16 Billion Deal, and a Singapore U-Turn The Beginning: When Books Met Ambition Picture...
Company Brief Prisma Global Limited is an India-based technology company operating in the AI-driven visual intelligence...
How Two US Giants Crushed India's E-commerce Darling In February 2016, Snapdeal stood at the pinnacle of India's e-comm...