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Business Headlines: Auto Sector Slowdown & Mr. Mahindra’s Message to the Govt.
Slumping sales of cars and motorcycles are triggering massive job cuts in the auto and auto ancillary industry, with many companies resorting to shutting down factories for days and reducing their number of shifts, in an attempt to save operating...8 Aug 2019 8:20 AM GMT
World Bank demotes India to 7th largest economy
India’s short lived stint as the world’s 5th largest economy is over. Deteriorating macroeconomic conditions such as a slowing GDP growth rate and a weak rupee were chief culprits for dragging our economy to 7th position in the new pecking order,...2 Aug 2019 8:36 AM GMT
After Adani, now Hiranandani Group invests in data storage
A week after the Adani Group announced plans to enter the data centre space with a ₹ 70,000 crore investment, another billionaire controlled group, albeit this time a Mumbai based one, has announced its entry into the data centre parks space with a...19 July 2019 6:36 AM GMT
With ports, airports, energy, mining and infra already conquered, what’s next on Adani’s mind?
Gautam Adani needs no introduction, here is man that started from almost nothing and now commands an individual net worth of $ 9.6 billion, making him India’s sixth richest person, according to the Bloomberg Billionaire’s Index. Adani, who is 57...11 July 2019 7:46 AM GMT
Business Headlines: After airports, what is Gautam Adani’s next big bet?
Gautam Adani’s conglomerate the Adani Group engulfs ports, airports, energy, mining, defence and infrastructure. Now, he has set his sights on what he believes could become another big money spinner; selling data storage services to companies such...11 July 2019 6:51 AM GMT