Corporate News Archives - Ecostar Business

Impetus opens a new office in Tirur

March 2, 2025620 Views0

Impetus Arthasutra, a SEBI-registered Portfolio Management Company, has opened a new office in Tirur, Kerala, as it embarked on an expansion plan. The Tirur branch has been operational since 2007 and has diligently served over 840 investors, comprising residents and nonresidents, with a significant focus on mutual fund schemes. The expansion plan highlights Impetus' dedication to empowering retail investors based in the region with personalised investment strategies and timely solutions. Established in 1994, Impetus Arthasutra has been at the forefront of providing customised portfolio management services, wealth management, mutual fund distribution, equity investments, insurance management, and estate planning. P.R. Dilip, Founder and Managing Director, expressed his enthusiasm ab...

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The Bureau of Indian Standards

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November 27, 2024436 Views0

Four lakh gold items are hallmarked every day. Now, the hallmarking facility is available in 361 districts across the country. The Bureau of Indian Standards began its fourth phase of mandatory hallmarkingunder the Hallmarking of Gold Jewellery and Gold Artefacts Amendment Order, Over 400 million gold jewellery items have been hallmarked with a uniqueHallmark Unique Identification (HUID), ensuring greater trust and transparencyfor the consumers in the market. During the fourth phase, hallmarking centres were set up in 18 additional districtsunder Mandatory Hallmarking. Now, 361 districts are covered under MandatoryHallmarking. BIS implemented the first phase of mandatory hallmarking on June 23, 2021. Thefirst phase covered 256 districts, whereas the second phase comm...

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Semiconductor

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November 27, 2024295 Views0

Assam’s Semiconductor Plant: A Game-Changer for India’s SemiconductorEcosystem India’s ambitious strides in the semiconductor industry are best exemplified by thedevelopment of a semiconductor unit in Morigaon, Assam, spearheaded by TataSemiconductor Assembly and Test Pvt Ltd (TSAT). The project, set to become oneof the country’s premier manufacturing sites, aligns with the nation’s broader goalof establishing a self-sufficient semiconductor ecosystem. The project with aninvestment of Rs 27,000 crore is expected to be operational by mid-2025. The Morigaon facility will produce up to 48 million semiconductor chips daily andemploy advanced packaging technologies like flip chips and Integrated System inPackage (ISIP). It is designed to cater to essential sectors such as auto...

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India’s new energy landscapeEnergy is the spinal cord for economic growth, Hardeep Puri

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November 27, 2024343 Views0

India’s energy landscape is rapidly evolving, boasting 651.8 million metrictons of recoverable crude oil reserves and 1,138.6 billion cubic meters ofrecoverable natural gas reserves within its sedimentary basins. Energy today has become the spinal cord for economic growth and development,said Hardeep Singh Puri, Minister of Petroleum and Natural Gas, during theinaugural ceremony of GEO India 2024, India’s premier South Asian GeosciencesConference and Exhibition in Greater Noida. He said that energy was of criticalimportance in driving economic progress, especially in a country like India, wherethe energy demand was increasing rapidly in line with its growing economy. With India’s fuel demand growing at three times the global average, 67 millionpeople visit petrol pumps every day i...

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Misinformed US prosecutors: Conspiracy to stain the Adanis’ image

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November 27, 2024314 Views0

The US prosecutors seem to have gone wrong in their calculation of the alleged bribe amount. The prosecutors said the Adanis agreed to pay $250 million for an energy business that would generate a profit of $2 billion in 20 years. The alleged bribe amount constitutes 12 per cent of the estimated 20-year profit. The upfront bribe amount itself would be more than the value of the aggregate 20-year profit if 20-year interest is added to the bribe amount. Such a babyish allegation is only to torture a promising Indian business group, which is rapidly expanding its global footprint. How does the Adanis become a pain in the neck of many political and business lobbies in India and abroad? Adani is a successful Indian business model with a track record of setting higher than a global stand...