Brazil's President Lula delighted as Global Biofuels Alliance launched in G20

On Monday, 11 September 2023, Brazil’s President Luiz Inacio Lula da Silva expressed his joy regarding the launch of the Global Biofuels Alliance, highlighting it as a significant decision that Brazil had been advocating.

CRISIL predicts an 8-10% revenue growth for Indian pharma industry in current fiscal year

According to a report, the Indian pharmaceutical industry is expected to achieve 8 to 10 per cent revenue growth in the current fiscal year. This growth will be driven by expansion in the domestic market and increased exports to regulated markets.

Byju's puts forth a new proposal to repay its loans to lenders

Indian educational tech giant Byju’s has surprised lenders with a repayment proposal, aiming to settle its $1.2 billion term loan in under six months.

Alibaba stock plummets as former CEO abruptly departs cloud unit just before IPO

Alibaba’s stock on the Hong Kong stock exchange dropped more than 4% on Monday, 11 September 2023, following the unexpected resignation of Daniel Zhang, the former CEO of the Alibaba Group, from his role in the company’s cloud computing division.

Foxconn, STMicro to collaborate for semiconductor factory in India

Foxconn Technology Group is partnering with STMicroelectronics NV to jointly pursue the establishment of a semiconductor manufacturing facility in India. They are actively seeking government support to expand their presence in the South Asian nation.

How will the new rule changes by the European Commission affect the tech giants?

On Wednesday, 6 September 2023, the European Commission unveiled a list of service providers that meet the criteria for inclusion within the scope of its forthcoming Digital Markets Act (DMA) regulations.

Tata Consumer Products engages in discussions to acquire majority 51% stake in Haldiram's

The consumer division of the Tata Group has begun negotiations to acquire a minimum of 51% ownership in the well-known Indian snack food manufacturer, Haldiram’s.



The Rise and Rise of HDFC Bank

HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp

India's Millet Revolution To Enrich Global Food Basket

Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent 

Market predator Hindenburg preys on Adani stock

Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation