IGI Logo

Key News

Adani Group commits to invest Rs 10,000 cr in Bengal over next decade

The Adani Group on Wednesday committed to invest Rs 10,000 crore in West Bengal over the next decade, group chief Gautam Adani announced on Wednesday.

At the inaugural session of Bengal Global Business Summit 2022 (BGBS) here, Adani said the group's investments will span world-class port infrastructure, state of art data centres and undersea cables that will connect them across the oceans, centres of excellence in digital innovation, warehouses and logistics parks. Group company Adani Wilmar currently has an edible oil plant in Haldia.

JSW Group to develop 900 MW pumped storage hydel project in Bengal

The JSW Group will develop a 900 MW pumped storage hydel power project in West Bengal, its chairman Sajjan Jindal announced on Wednesday. Addressing the inaugural session of the Bengal Global Business Summit, Jindal said it will be developed on a nomination basis.

Jindal had shown interest to set up a pumped storage energy project in West Bengal back in 2019. The West Bengal government has decided to develop a third pumped storage power plant at Bandhunala project in Purulia.

Reliance Brands acquires majority stake in designers Abu-Sandeep

Reliance Brands has signed a definitive agreement to invest (either by itself and/or through its affiliates) in couturiers Abu Jani Sandeep Khosla (AJSK) for 51 per cent majority stake.

The strategic partnership is aimed at accelerating the 35-year-old couture house’s growth plans in India and across the globe, Reliance Brands said in its release.

its release. Their fashion house currently features three other labels: Asal by Abu Sandeep, a diffusion, formal, occasion, and wedding wear for women; Gulabo by Abu Sandeep, luxe pret separates, featuring casual and formal wear for women; and Mard by Abu Sandeep, a formal and occasion wear men’s label.

Supertech Insolvency: Lender asks for definite upfront payment of dues

Debt-ridden Supertech Ltd, which is facing insolvency proceedings, should come up with a settlement plan that entails "definite upfront payment" of dues, according to one of its lender Union Bank of India.

The bank on whose application the National Company Law Tribunal (NCLT) decided to initiate insolvency resolution proceedings against Supertech Ltd has made the submissions before appellate tribunal NCLAT.

Netflix sees an uptick in user engagement in India after reducing prices

Content streaming platform Netflix, which reduced its subscription prices in India late last year, is witnessing an uptick in user engagement in the country, as it doubles down on creating more localised content

In a first quarter (Q1) earnings call with analysts, Netflix said it has seen a nice growth in the country after it announced in December that its mobileonly plan was available at Rs 149 per month, and entry-level plan at Rs 199 per month.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer