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Reliance and Adani, two of the largest business groups led by top billionaires - Mukesh Ambani and Gautam Adani - have b...
18/05/2023

Reliance and Adani, two of the largest business groups led by top billionaires - Mukesh Ambani and Gautam Adani - have backed off from their initial move to acquire Future Group’s assets. While both the conglomerates are tight-lipped about their latest moves, sources say, steep valuation of the Future Group assets that are under hammer led them to change their plans.
Read more : https://businesslivenews.com/2023/05/18/reliance-adani-found-future-groups-rs-9000-crore-assets-too-costly/

Adani Enterprises Limited (AEL), the flagship company of the Adani Group, will be holding a meeting on May 13 in a bid t...
11/05/2023

Adani Enterprises Limited (AEL), the flagship company of the Adani Group, will be holding a meeting on May 13 in a bid to raise an unspecified amount through the issuance of equity or other eligible securities. In a regulatory filing to the bourses on Wednesday, the company said it will be considering raising funds by way of issuance of equity shares or other eligible securities through a private placement.
Read more : https://businesslivenews.com/2023/05/11/adani-enterprises-first-fund-raise-attempt-post-hindenburg-all-you-need-to-know/

While India has seen a steady rise in mental health issues due to a combination of factors, including the COVID-19 pande...
11/05/2023

While India has seen a steady rise in mental health issues due to a combination of factors, including the COVID-19 pandemic, the country has not been quick with the necessary mental health interventions, feels Neerja Birla, founder and Chairperson of Aditya Birla Education Trust (ABET). Under the ABET umbrella is Mpower, a social enterprise that aims to spread awareness, alleviate stigma, and provide holistic mental health care to the ones in need.
Read more : https://businesslivenews.com/2023/05/11/we-still-struggle-to-reach-remote-areas-secure-funding-mpowers-neerja-birla-on-mental-healthcare-challenges-in-india/

Adani Ports and Special Economic Zone (APSEZ), said on Tuesday that it would pay $130 million of its debt early. The com...
09/05/2023

Adani Ports and Special Economic Zone (APSEZ), said on Tuesday that it would pay $130 million of its debt early. The company offered nearly $413 million worth of debt for early payment.

The company had floated a tender of up to $130 million of 3.375 per cent dollar-denominated bonds last month set to mature in 2024. The company, last month, also said that it stated a buyback programme of certain debt securities to partly prepay near-term debt maturities. It had commenced a cash tender offer for up to $130 million in aggregate principal amount of the outstanding 3.375 per cent senior notes due in 2024.

Read more : https://businesslivenews.com/

Sujeet Kumar might be the founder of B2B industry leader, Udaan, but the beginnings and the journey to founding the firm...
09/05/2023

Sujeet Kumar might be the founder of B2B industry leader, Udaan, but the beginnings and the journey to founding the firm was humble. For the uninitiated, Kumar also served Sachin Bansal and Binny Bansal-founded Flipkart as the President of Operations. The journey leading up to joining Flipkart, in his own words, was strife with concerns and non-committance. He was also not keen on relocating to Bengaluru from Delhi, where he was since his IIT-Delhi days.

Read more : https://businesslivenews.com/

Fintech giant Paytm aims to become "free cashflow positive in the near future," its founder and CEO Vijay Shekhar Sharma...
08/05/2023

Fintech giant Paytm aims to become "free cashflow positive in the near future," its founder and CEO Vijay Shekhar Sharma said in a letter to shareholders.
In the letter, which Sharma shared on Twitter, he added that in 2023, with advent of early-stage AGI (Artificial General Intelligence), there will be more opportunities to bring efficiencies in business and AI-first offerings.
Read more : https://businesslivenews.com/2023/05/08/paytm-ceo-vijay-shekhar-sharma-pens-optimistic-note-to-shareholders-says-aiming-to-make-company-cashflow-positive/

“Mr. Adani’s success story is extraordinary in many ways. His journey has been marked by his ambitious and entrepreneuri...
05/05/2023

“Mr. Adani’s success story is extraordinary in many ways. His journey has been marked by his ambitious and entrepreneurial vision, coupled with great vigour and hard work. This has not only enabled the Group to achieve numerous milestones but also resulted in creation of a robust business model which is contributing towards building sound infrastructure in India,” the company said in the board meeting outcome filed with the exchanges.
Read more : https://businesslivenews.com/2023/05/05/mr-adanis-success-story-is-extraordinary-adani-enterprises-re-appoints-gautam-adani-as-executive-chairman/

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