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Tag: Business News

JSW Steel’s Ambitious Bid for Teck Resources’ Steelmaking Coal Business

JSW Steel’s Ambitious Bid for Teck Resources’ Steelmaking Coal Business

Business, Latest News
JSW Steel Pursues Teck Resources' Coal Venture: JSW Steel aims for a 75% stake in Teck Resources' Elk Valley Resources, potentially valuing the coal business at $8 billion, challenging Glencore's bid. JSW Steel considers a 75% interest in Teck's coal business In an unexpected twist, Indian conglomerate JSW Steel Ltd (JSTL.NS) is reportedly eyeing a substantial 75% stake in Teck Resources' (TECKb.TO) coal business, Elk Valley Resources. While earlier speculations pointed towards a potential 20% acquisition, this heightened interest could propel the valuation of the venture to an impressive $8 billion, as indicated by sources at Bloomberg. This move sets the stage for a high-stakes clash, as it squares off against a prior bid by Swiss heavyweight Glencore (GLEN.L) for the same vent...
Google Enhances Business Profiles with Social Media Links to Boost Visibility

Google Enhances Business Profiles with Social Media Links to Boost Visibility

Business, Latest News
Google Enhances Business Profiles: Firms can now incorporate social media links in their Google Business Profiles, expanding visibility across Google Search and Maps, enriching customer interactions and brand presence. In a significant move, Google has unveiled a new feature that empowers businesses to augment their online presence by incorporating direct social media profile links within their Google Business Profiles. This innovation is set to enable enterprises to effectively display their social media engagement alongside vital information in both Google Search and Maps. This latest capability marks a strategic stride for businesses striving to connect with their audience in multifaceted ways, thus enriching customer interactions and issue resolution through various channels...
What is PM Vishwakarma Scheme?

What is PM Vishwakarma Scheme?

Business
What is PM Vishwakarma Scheme: Empowering artisans and craftsmen with formal recognition, financial aid up to INR 2 lakh, and skill development. Prime Minister Modi's vision to bridge tradition and modernity. What is PM Vishwakarma Scheme? The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has granted approval for the ambitious PM Vishwakarma Scheme. With a substantial financial allocation of INR 13,000 crore over a span of five years (FY24 to FY28), this pioneering initiative aims to uplift and support artisans and craftsmen across the nation. The scheme's introduction follows Prime Minister Modi's announcement of its imminent launch on Vishwakarma Jayanti in September, as part of his address on India's 76th Independence Day. Let's explore what is PM Vi...
Adani Group to Set Up a Hyper-scale Data Center in Kolkata

Adani Group to Set Up a Hyper-scale Data Center in Kolkata

Business
Adani Group, one of India's leading businesses, is planning to set up a hyper-scale data center in outer Kolkata's Silicon Valley, said West Bengal minister for Commerce and Industries, Partha Chatterjee. Adani Group to Set Up a Hyper-scale Data Center in West Bengal's Silicon Valley Adani Enterprises is coming up with its new hyper-scale data center in Kolkata. The unit will be set up at Bengal Silicon Valley in the New Town area on the northern outskirts of Kolkata. The information was given by the West Bengal Commerce and Industries Minister Partha Chatterjee. Gautam Adani, while addressing this year's Bengal Global Business Summit (BGBS) in April, said that his group is planning to invest Rs 10,000 crore in the state over the next ten years. BGBS is an annual event organized ...
Infosys wins five-year deal with Frost Bank; To offer mortgage services

Infosys wins five-year deal with Frost Bank; To offer mortgage services

Business
The Indian IT giant, Infosys will offer mortgage services to the Texas-based Frost Bank. This might well be a new beginning in this business, hopes the company president, Mohit Joshi. Infosys and Frost Bank signs a five-year deal Indian IT giant, Infosys Ltd has bagged a five-year deal from Frost Bank to provide strategic business consulting and digital capabilities to the Texas-chartered bank. This collaboration will work together to design a human-centric, digital-first approach to customer mortgage loans. This is expected to better users' experience by enhancing the efficiency of operations. According to Infosys, the deal will help the bank’s mortgage loan process become service-orienting. It also aims to better the end-customer experience, along with letting it use the most e...