Page 6 - BUSINESS COMMUNIQUE ver. 2
P. 6
BIZ FLASHBACK
BIZ FLASHBACK
APRIL
APRIL
Adani Group's Acquisition of Orient Cement: Ambuja Cements, part of
the Adani Group, announced a binding agreement to acquire Orient
Cement Ltd (OCL) for ₹8,100 crore. This acquisition aimed to increase
Ambuja's cement capacity by approximately 30 million tonnes per
annum, positioning it to reach 100 MTPA by FY25.
MAY
MAY
Air India and Vistara Merger: The Tata Group finalized the merger
of Air India and Vistara, creating a single full-service airline. This
consolidation aimed to strengthen the Tata Group's presence in
the aviation industry by combining Vistara's premium services
with Air India's extensive global network.
JUNE
JUNE
Viacom18 and Disney+ Hotstar Merger: Viacom18 and Disney+
Hotstar merged to form one of India's largest content-streaming
entities, valued at over ₹70,000 crore. This merger combined
Disney's global franchises with Viacom18's local expertise,
significantly impacting India's streaming landscape.
JULY
JULY
India's GDP Growth: India maintained its status as the world's
fastest-growing major economy, driven by robust
manufacturing, strong domestic consumption, and expanding
service sectors.
AUGUST
AUGUST
Reliance Jio's AI Innovations: Reliance Jio introduced
groundbreaking AI-based services across telecom, healthcare,
and education sectors, positioning itself as a leader in India's
burgeoning digital economy.
SEPTEMBER
SEPTEMBER
Fintech Milestone with UPI: India's fintech sector experienced
rapid growth, with the Unified Payments Interface (UPI)
surpassing 20 billion monthly transactions, reinforcing its
role in promoting financial inclusion and facilitating cashless
payments.
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