Gold
Macrotech acquires 7 land parcels for Rs 166 billion housing projects
Kotak Mahindra Bank’s pursuit of top-3 spot poses M&A Risks: Bernstein
Kotak Mahindra Bank's ambition to become India’s third-largest private sector lender by 2030 could expose it to significant merger and acquisition (M&A) risks due to integration challenges and weaker returns from smaller banks, according to Bernstein Research, part of Société Générale. The brokerage noted that achieving this goal would likely require inorganic growth, given the difficulty of achieving the necessary profit growth through organic means alone. To surpass Axis Bank and secure the third spot, Kotak Mahindra Bank would need to grow profits at a rate 7% higher than Axis—a ta..
India’s aviation expansion requires $170 billion by 2030: S&P Global
India will need over $170 billion in investments by 2030 to support rapid growth in its aviation sector, driven by record aircraft orders and airport infrastructure upgrades, according to a report by S&P Global Ratings. As one of the fastest-growing aviation markets, India is projected to see domestic passenger traffic double to 300 million by 2030, based on government data. International traffic is also expected to more than double during the same period, according to estimates by aviation research group CAPA India. To meet surging demand, Indian airlines have placed record orders with Airb..
Coal India goes digital with fuel supply agreements
Coal India Ltd (CIL) announced the digitisation of its fuel supply agreement (FSA) process, allowing clients, including power sector companies, to complete contracts online, enhancing business convenience. This shift eliminates the need for physical submission of documents, with bank guarantees and other required paperwork now accepted digitally. In its statement, CIL said, “For the first time, we have introduced online signing of FSAs for both power and non-regulated sector customers participating in linkage-based auctions.” To streamline operations, the company has reduced the document..
