MEGA NETWORKS
Highway contracts stuck for a right scheme
NHAI struggles to meet expressway construction targets amid investment constraints in India's road infrastructure development.
Bihar to host mega investor summit in Dec; roadshows from Monday
Bihar will roll out the red carpet for domestic and foreign investors at a mega event in December as it looks to lure investments in sectors like textiles, food processing and EVs that will create jobs and boost business in the state. After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.
Wary Paytm to avoid regulated biz; Foxconn to make AI servers in India
Happy Friday! Paytm is steering clear of regulated businesses and will instead focus on building a strong distribution network. This and more in today's ETtech Morning Dispatch.
Zepto’s mega fundraise; Oyo funding gets shareholder nod
Quick commerce company Zepto has raised $665 million from new and existing investors. This and more on today’s ETtech Top 5.
Day after 63-hour mega block, local train services hit on Central Railway
Mumbaikars faced delays in local train services on Central Railway due to new signalling system after mega blocks at Thane station.
Leadership and long-term mega trends: Utpal Sheth on identifying 'Gorilla' companies
We have already established that value creation is different from wealth creation. So, in my experience, there are three large components that create terminal value about which the terminal value investor should have differentiated insight on and those three components are intangibles, megatrends and leadership.
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Mumbai local trains: 63-hour mega block ends as Central Railway completes platform widening work at Thane station
Passengers commuting from Thane station in Mumbai received significant relief as the Central Railway announced the completion of widening work for platforms 5 and 6 on Sunday. The Central Railway provided insights into the special block undertaken for infrastructure enhancement at Thane station. The extension of platforms 5/6 involved widening by 2-3 meters across a length of 587 meters. This initiative was part of a 63-hour mega block at Thane railway station and a 36-hour special block at the Chhatrapati Shivaji Maharaj Terminus initiated by the Central Railway.
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Mega Networks plans to make AI servers in Maharashtra
Mega Networks is one of two Indian firms chosen for the production-linked incentive (PLI) scheme 2.0 for IT hardware. Under this, the government gives an incentive of around 5% on net incremental sales of goods manufactured in India.
Modi 3.0 mega plan for Railways, plans investment of Rs 10-12 lakh crore
Indian Railways' 100-day plan post-elections 2024 features passenger-friendly measures like a 24-hour ticket refund scheme, a 'super App', and PM Rail Yatri Bima Yojana, alongside investments, Vande Bharat trains, modernization, and expanded metro networks.
The Next Frontier: The mega opportunity in Indian megacaps
The post-Covid recovery, aided by easier availability of credit due to the dramatic acceleration in the use of UPI and ever-widening spread of social media, has surely helped smaller companies find new customers and new ways to reach existing customers.
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
Disney to step back from India in mega-deal with Reliance Industries
The Walt Disney Co. forms an $8.5 billion joint venture with Reliance Industries in India. Reliance will be the senior partner and the deal aims to leverage Reliance's understanding of the Indian market. The partnership will create a media powerhouse in India.
The logistics of war: How Washington is preparing for a Chinese invasion of Taiwan
As worries about a Taiwan contingency rise, the U.S. military is addressing vulnerabilities, considering Australia as a secure location for equipment storage. However, critics argue that more urgency and funding are needed to enhance the dispersed logistics approach in the face of evolving geopolitical challenges.
Sony-Zee: How and why curtains fell on a mega media deal that was two years in making
"Sony Pictures Networks India Private Ltd (SPNI) (now known as Culver Max Entertainment Ltd), a wholly owned subsidiary of Sony Group Corp (Sony), today issued a notice terminating the definitive agreements entered into by SPNI and Zee Entertainment Enterprises Ltd," the Japanese company said in a press release issued on Monday.
Reliance, Disney ink non-binding agreement for mega merger
Kevin Mayer, a former Disney executive brought back in July by chief executive Bob Iger as an adviser to help him navigate the company’s legacy television business and the ESPN sports network and Manoj Modi, a close confidante of Ambani, were among those present in the meeting. Both have been negotiating for months now to finalise the term sheet document.
Flipkart’s mega fundraise; investors press for transparency from Byju Raveendran
The fresh fundraise is likely to value Flipkart at about a 5-10% premium to its latest valuation of around $33 billion, the people said requesting anonymity.
No Sony nod yet to extend Zee merger date
In a statement, the Sony Group Corporation-owned company said Zee has acknowledged that it will not be able to meet the deadline. SPNI said it looks forward to hearing ZEEL's proposals and how it plans to meet the remaining key conditions.
Zee-Sony Merger: NCLAT refuses to halt mega merger to create media giant
NCLAT has declined a stay order on the Zee Entertainment Enterprises Limited (ZEEL) and Sony merger. Zee's shares surged, hitting Rs 286.50, rising 1.6% on BSE Sensex at 70,980. The National Company Law Appellate Tribunal (NCLAT) issued a notice for a hearing on January 8 regarding the challenge against the merger by IDBI Bank and Axis Finance, objecting to the NCLT's August 10, 2023, approval order.
ET MSME Awards 2023: Winners to be rewarded on December 8 in a mega event
After months of deliberation and shortlisting, the ET MSME Awards 2023 is ready to celebrate the achievements of India’s top MSMEs.
Google’s mega Pixel plan: Talks on with companies to make in India
On Thursday, Alphabet Inc’s chief executive Sundar Pichai announced that his company’s first made-in-India Pixel devices will be rolled out in early 2024, providing a significant boost to the country’s ambitions to emerge as a global electronics manufacturing hub.
Gautam Adani's new mega port can lure world's biggest ships to India
Located near the southernmost tip of the country, the Vizhinjam transshipment container port — the first of its kind in India that will be inaugurated on Oct. 15 — will allow India to grab a bigger slice of the international maritime trade currently dominated by China. It will also bolster its aspirations to be an alternative manufacturing hub by reducing logistics costs for cargo coming to and from the country.
IAF lines up mega projects to boost combat prowess, constantly monitoring situation along LAC
The Indian Air Force (IAF) is prepared to deal with challenges along the Line of Actual Control (LAC) through better tactics and training, said Air Chief Marshal V R Chaudhari. He stated that the IAF will remain deployed along the frontier in the region until complete disengagement takes place in contested areas. The IAF is also planning to procure 97 Tejas Mark 1A aircraft and is looking to induct military platforms and equipment worth Rs 2.5 lakh crore to Rs 3 lakh crore in the next few years.
IOC awards mega cover to New India again, miffs rivals
New India has been backed by US reinsurer Chubb in this mega insurance deal for the country's biggest fuel retailer by value, customer touch points and capacity. The policy will be renewed for another year effective October 1.
Mega deal wins to help Infosys as BFSI hits lean patch: Report
The demand environment has not seen much change since June quarter results of Infosys barring a few mega deal closures as certain pockets in banking and financial services and discretionary spending in retail continue to be "under pressure," said the report.
Canton-type mega expos are a gateway to global trade. Is India ready to host them?
Inspired by global trade fairs, the government wants to host mega expos. This is exciting news for MSMEs, and the economy. But the success of the plan rests on various stakeholders coming together to address the challenges.
Rupee trading soon, ESG group for textiles, handicraft ecomm portal launched: Piyush Goyal
Commerce and industry minister Piyush Goyal also said that the government is setting up an Environmental, social and governance (ESG) group- comprising industry and government officials- for the textiles sector, as it aims $100 billion exports and $250 billion value of production by 2030, and launched an e-commerce portal on handloom and handicraft products, which would be integrated with the Open Network for Digital Commerce (ONDC).
Microsoft to reveal reasons for mega outage in detail this week
Microsoft said it will follow up in three days with a preliminary Post Incident Review (PIR), which will cover the initial root cause and repair items.
MegaMask debut at CoinAgenda with Wire Network's support
The launch was announced at CoinAgenda, a global conference held in the Caribbean island of San Juan, Puerto Rico, between December 5 and 7
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