CORPORATE
Adani Infra snaps up 30.07% stake in PSP Projects for Rs...
- Nov 20, 2024
Adani Infra will purchase a 30.07 per cent stake in construction firm PSP Projects for Rs 685 crore, the latter has said.Adani Infra, owned by a unit...
Invested $20 bn in manufacturing, eyeing first or second...
- Nov 17, 2024
The Aditya Birla Group had invested about $20 billion, mainly in manufacturing sector, as it looked to be among the top-two players across the...
Swiggy gains 16.92% at close of its market debut as Sensex,...
- Nov 14, 2024
Swiggy gained 16.92 per cent at close on its market debut on Wednesday. The food tech unicorn bucked the broader market trend, with benchmark indices...
Air India Express spreads wings, aims to reach 55...
- Nov 10, 2024
Air India Express is expanding its network and leveraging synergies within the Air India Group to enhance connectivity between smaller cities and...
LIC will decide on buying stake in health insurer in FY25:...
- Nov 09, 2024
Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the State-owned company will take a call on buying a stake in a...
ED raids Amazon, Flipkart sellers’ offices for allegedly...
- Nov 08, 2024
The Enforcement Directorate (ED) has conducted raids on sellers associated with Amazon and Walmart-owned Flipkart, targeting alleged violations of...
Haier eyes JV with JSW Group with an investment of Rs 1,000...
- Nov 05, 2024
The Haier Group, a leading Chinese appliances manufacturer, has plans to set up a joint venture with the JSW Group, envisaging a proposed investment...
Suzuki, Toyota expand partnership; Maruti Suzuki to supply...
- Oct 31, 2024
Japanese automaker Suzuki Motor’s Indian unit will supply its first-ever electric vehicle (EV) to Toyota Motor, the two companies have said in a...
Tata-Airbus’ Vadodara facility to make C295 military...
- Oct 29, 2024
In a major leap forward for India’s defence manufacturing capabilities, the Final Assembly Line (FAL) complex for the C295 aircraft of Tata...
Hindustan Zinc eyes $2-billion investment to double...
- Oct 28, 2024
Vedanta Group company Hindustan Zinc (HZL) plans to pump in up to $2 billion (around Rs 17,000 crore) to double its production capacity to 2 million...
Swiggy learnt to have slashed IPO valuation by 10-16% to...
- Oct 25, 2024
Food delivery company Swiggy is internally aiming for valuation of $12.5-13.5 billion for its upcoming IPO, cutting its target by 10-16 per cent due...
JLR launches innovation hub in Bengaluru to develop...
- Oct 24, 2024
Jaguar Land Rover (JLR) has launched an initiative in India to work closely with startups for developing the next generation of products and services...
Ambuja to acquire Orient Cement in market leadership battle...
- Oct 23, 2024
Ambuja Cements, India’s second-largest cement-maker, said on Tuesday that it would buy a nearly 47 per cent stake in rival Orient Cement for Rs...
JSW, Japan’s JFE Steel to jointly buy tkES India for Rs...
- Oct 19, 2024
JSW Steel on Friday said that it would acquire 100 per cent stake in Thyssenkrupp Electrical Steel India (tkES) jointly with Japan’s JFE Steel Corp...
Byju’s worth zero today, says Raveendran; blames...
- Oct 18, 2024
Byju Raveendran, the founder of Byju’s, has blamed his investors for the edtech icon’s meltdown and throwing him under the bus. Mr Raveendran has...
PFC arm PIFIL gets nod to set up a company in IFSC GIFT...
- Oct 17, 2024
PFC Infra Finance IFSC (PIFIL), a wholly-owned subsidiary of Power Finance Corporation (PFC), has received approval from International Financial...
Samsung workers end over a month-long strike at Chennai...
- Oct 16, 2024
The workers’ strike at Samsung India’s plant near Chennai has been called off, after workers resolved the issues amicably and the management...
Sudarshan Chemical to buy Heubach Group’s pigment...
- Oct 12, 2024
Pune-based Sudarshan Chemical Industries has signed a definitive agreement to acquire the global pigment business operations of Germany’s Heubach...
Component company Hero Motors withdraws Rs 900-crore IPO
- Oct 08, 2024
Hero Motors, the auto component company of the Hero Motors Company Group, has withdrawn its documents for an initial public offer (IPO) worth Rs 900...
SBI downgrades MTNL’s term loan account as an NPA, asks...
- Oct 05, 2024
State Bank of India (SBI) has downgraded MTNL’s term loan account to a non-performing asset (NPA) with effect from September 28, citing non-payment...
BPCL joins hands with Mumbai Port to promote green fuel...
- Oct 04, 2024
State-owned BPCL has inked an initial pact with Mumbai Port Authority and Mumbai Port Sustainability Foundation (MPSF) for setting up a green fuel...
Tata Motors starts work on a new Rs 9,000-crore plant in...
- Sep 29, 2024
The Tata Motors Group on Saturday held the groundbreaking ceremony of its new passenger vehicle manufacturing facility in Panapakkam, located in...
Swiggy files updated papers for Rs 3,750-cr IPO, to mop up...
- Sep 27, 2024
Food tech giant Swiggy has filed its first updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for...
KBC International Ghana signs MoU with Liberia SEZ...
- Sep 25, 2024
KBC Global (previously known as Karda Construction), in the business of construction and real estate development, has informed that KBC International...
OYO checks into US hotel company G6 Hospitality for $525...
- Sep 22, 2024
Travel tech unicorn OYO is set to acquire G6 Hospitality, the parent company of iconic budget hotel brands Motel 6 and Studio 6, from Blackstone Real...
IREDA gets government’s nod to raise Rs 4,500 crore...
- Sep 19, 2024
State-owned Indian Renewable Energy Development Agency (IREDA) has said it has received the government’s approval to raise up to Rs 4,500 crore...
Tata Power to invest $9 bn to quadruple green energy...
- Sep 18, 2024
Tata Power plans to invest up to $9 billion to more than quadruple its renewable energy capacity to over 20 gw over the next five to six years, its...
Bajaj Housing Finance makes a dazzling debut on BSE, lists...
- Sep 17, 2024
Bajaj Housing Finance became the most-valued housing finance company in the country, following its blockbuster market debut on Monday.The Bajaj...
Smartphone-makers collude with Amazon, Flipkart to launch...
- Sep 15, 2024
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce...
SEBI acquits NSE, Chitra Ramakrishna, Ravi Narain and...
- Sep 14, 2024
The SEBI on Friday dismissed regulatory violation charges against NSE and its seven former employees, including Chitra Ramkrishna and Ravi Narain, in...
Tata, Lockheed Martin seal deal to expand opportunities in...
- Sep 11, 2024
In a major announcement in the defence sector, Tata Advanced Systems has entered into an agreement with US aviation giant Lockheed Martin to...
Byju’s auditor BDO quits over “inadequate support to...
- Sep 08, 2024
Education technology (edtech) company Byju’s auditor BDO Global has resigned after the startup did not provide documents requested following the...
RIL wins bid to make EV batteries under PLI scheme, plans...
- Sep 05, 2024
Reliance Industries has won a bid under the Production-Linked Incentive (PLI) scheme that supports electric vehicle (EV) battery production, a...
SEBI puts on hold JSW Cement’s Rs 4,000-crore IPO without...
- Sep 03, 2024
Capital markets regulator SEBI has put on hold the proposed Rs 4,000-crore initial public offer (IPO) of JSW Cement.Without specifying reasons, the...
Norms for dividend, bonus and share buyback of CPSEs set to...
- Sep 02, 2024
The government is working to amend its 2016 guidelines with regard to dividend payment, bonus issues and share buyback by Central public sector...
From Jio Brain to Jio Phonecall AI, Mukesh Ambani unveils...
- Aug 30, 2024
Reliance Industries (RIL) Chairman Mukesh Ambani outlined ambitious plans for his widely-diversified business conglomerate, touching upon retail,...
Disney-Reliance $8.5-bn merger to create India’s biggest...
- Aug 29, 2024
Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5-billion merger of their Indian media assets after assuaging regulatory...
Zee, Sony settle merger dispute, drop all claims, agree to...
- Aug 28, 2024
Zee Entertainment Enterprises and Sony Pictures Networks India on Tuesday said that they had settled their six-month-long dispute related to the...
Aeron Composite lines up Rs Rs 56.10-crore IPO; issue opens...
- Aug 28, 2024
Ahmedabad-based Aeron Composite, a leading company engaged in manufacturing and supply of fibre-glass-reinforced polymer products, is planning to...
Infosys CEO Salil Parekh reveals that IT company is eyeing...
- Aug 26, 2024
After two acquisitions this year, India’s second-largest IT services company Infosys is on the lookout to scoop up more firms. The company adds...
SEBI bars Anil Ambani, 24 others from stock market for...
- Aug 24, 2024
Markets regulator SEBI has barred industrialist Anil Ambani, 24 other entities, including former key executives of Reliance Home Finance, from the...
Paytm to sell entertainment ticketing business to Zomato...
- Aug 22, 2024
Food delivery platform Zomato said on Wednesday that it would acquire the movie and events ticketing businesses of digital payments firm Paytm for a...
Bombay High Court sets aside Rs 2,237-crore GST demand...
- Aug 21, 2024
Larsen & Toubro (L&T) said on Tuesday that the Bombay High Court quashed a Rs 2,237-crore GST demand raised against the company.“The...
Foxconn CEO Young Liu keen on setting up battery storage...
- Aug 19, 2024
Taiwanese electronics manufacturing company Foxconn is working on plans to set up a battery energy storage system (BESS) unit in India, its Chairman...
CCI recalls Apple’s anti-trust probe reports as latter...
- Aug 14, 2024
The Competition Commission of India (CCI) has ordered an unusual recall of reports of an investigation that had found that Apple had breached...
LIC lines up Rs 1.30 lakh crore of investments in stock...
- Aug 12, 2024
Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around...
Reliance bets on green energy and telecom to surge to the...
- Aug 08, 2024
Reliance Industries (RIL) is ready for the next level of growth as its green energy projects get ready to deliver and telecom business Jio’s...
Calcutta High Courts restrains Parle Products from selling...
- Aug 06, 2024
SAJ Food Products, which manufactures the Bisk Farm brand of biscuits, announced on Monday that the Calcutta High Court had granted an...
Toyota inks pact with Maharashtra to set up Rs 20,000-crore...
- Aug 01, 2024
Toyota Kirloskar Motor (TKM) has signed an agreement with the Maharashtra government to manufacture electric and hybrid cars, Deputy Chief Minister...
Filatex Fashions’ mining subsidiary wins export order...
- Jul 31, 2024
Filatex Mines and Minerals, the mining subsidiary of Filatex Fashions, has received an export order worth Rs 293 crore for supply of 2,97,388 tonnes...
UltraTech buys out India Cements’ promoters’ stake for...
- Jul 29, 2024
In a significant move, board of directors of UltraTech Cement has approved the purchase of a 32.72 per cent equity stake in India Cements from its...
Star HFL’s PBT and PAT almost double for Q1 of FY25; AUM...
- Jul 27, 2024
Star Housing Finance (Star HFL), a BSE-listed company focused on semi-urban and rural home finance, has reported strong business and financial...
Mankind’s Rs 13,530-cr purchase of Bharat Serums to boost...
- Jul 26, 2024
Drug-maker Mankind Pharma said late on Thursday that it would acquire Bharat Serums and Vaccines in a deal valued at around Rs 13,630 crore,...
OVL inks $60-million deal to raise stakes in Azerbaijan...
- Jul 20, 2024
ONGC Videsh (ONGC) has signed a $60-million deal with Norwegian energy giant Equinor to raise its stake in the offshore Azeri Chirag Gunashil (ACG)...
Byju’s set for insolvency process as NCLT admits BCCI...
- Jul 17, 2024
The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted a plea from the Board of Control for Cricket in India (BCCI) to initiate...
HUL to sell Pureit business to AO Smith India Water...
- Jul 16, 2024
Hindustan Unilever (HUL) on Monday announced that it would sell its Pureit business in India to AO Smith India – a leading global water technology...
Indian Oil launches high-octane gasoline STORM-X to fuel...
- Jul 15, 2024
Indian Oil has announced inaugural despatch of STORM-X, a high-octane gasoline specifically formulated for racing cars. The first delivery was from...
RRP S4E secures exclusive rights for assembly of...
- Jul 11, 2024
RRP S4E Innovation, an Indian defence company specialising in electro-optic solutions, has partnered with Meprolight Israel for in-country assembly...
Horiba India sets up medical equipment manufacturing...
- Jul 08, 2024
Horiba India, a group company of Japan’s Horiba, has inaugurated its state-of-the-art medical equipment and consumables manufacturing facility in...
JM Financial to consolidate debt and distressed credit...
- Jul 07, 2024
JM Financial (JMFL) has announced plans to consolidate its holdings in the wholesale debt syndication and distressed credit sectors under a single...
ONGC seeks partners for Deen Dayal field amid poor gas...
- Jun 24, 2024
After spending close to $1.2 billion and seven years of little success, State-owned Oil and Natural Gas Corporation (ONGC) is seeking partners to...
Avaada signs green ammonia offtake MoU with Mysore Ammonia
- Jun 22, 2024
The Avaada Group, a leading sand-to-molecule company, has announced the signing of an MoU with Mysore Ammonia, a prominent ammonia distributor and...
Vodafone’s 10% stake sale in Indus Towers may fetch it...
- Jun 19, 2024
The Vodafone Group is all set to sell about 10 per cent stake in Indus Towers for as much as $1.1 billion as a part of its efforts to repay...
PwC India sees a big jump in M&As in small- and mid-size...
- Jun 17, 2024
PwC India anticipates an upswing in the Indian markets, especially in small- to mid-size merger and acquisition (M&A) transactions and growth...
Hyundai Motor India files papers for Rs 25,000-cr IPO,...
- Jun 16, 2024
Hyundai Motor India, the Indian arm of South Korean automaker Hyundai and second-largest car-maker by sales, has filed draft IPO papers with market...
Vodafone mulls selling its entire $2.3-billion stake in...
- Jun 15, 2024
The Vodafone Group is looking to sell its entire $2.3-billion stake in Indus Towers through stock market block deals next week, two sources with...
With Rs 10,422-crore Penna deal, Adani Group eyes topmost...
- Jun 14, 2024
Adani Group company Ambuja Cements Ltd acquiring Penna Cement Industries (PCIL) for Rs 10,422 crore.The Adani Group’s announcement comes amid...
IBBI floats discussion paper to simplify forms, cut...
- Jun 12, 2024
The Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper on reducing compliance by reviewing forms submitted in the...
Maruti makes up nearly 70% of India’s passenger vehicle...
- Jun 10, 2024
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years, with Maruti Suzuki India accounting for nearly 70 per...
Bajaj Housing Finance files papers for Rs 7,000-cr IPO to...
- Jun 09, 2024
Bajaj Housing Finance has filed preliminary papers with capital markets regulator SEBI to raise Rs 7,000 crore through an initial public offer...
SJVN’s 900-mw Arun-3 hydroelectric project in Nepal to go...
- Jun 05, 2024
SJVN expects its under-construction 900-mw Arun-3 hydroelectric project in Nepal to start power generation from next year as nearly three-fourths of...
NCLT begins insolvency proceedings against Jaiprakash...
- Jun 04, 2024
The National Company Law Tribunal (NCLT) on Monday directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates (JAL),...
BharatPe, PhonePe settle trademark dispute over suffix Pe...
- May 27, 2024
Fintech unicorns BharatPe and PhonePe on Sunday announced that they had amicably settled all long-standing legal disputes pertaining to use of...
EaseMyTrip CEO Nishant Pitti opts out of the bid for...
- May 26, 2024
More than three months after jointly bidding for Go First, travel portal EaseMyTrip’s CEO Nishant Pitti on Saturday said that he was withdrawing...
Google’s $350-mn investment in Flipkart is set to aid...
- May 25, 2024
Google is investing nearly $350 million in Flipkart, becoming the latest high-profile name to back the Walmart-owned Indian e-commerce startup.The...
PNB Housing eyes 17% rise in loan book in FY25 with focus...
- May 20, 2024
PNB Housing Finance aims to grow its portfolio by 17 per cent during the current financial year on the back of an increase in branch network and...
OYO withdraws IPO papers, to re-file IPO documents after a...
- May 19, 2024
Softbank-backed OYO is set to re-file its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up...
Zoho mulls foray into chipmaking, seeks incentives for...
- May 17, 2024
Zoho was planning a foray into chipmaking and seeking incentives from the Central government, two sources with direct knowledge of the proposal said...
Shriram selling housing finance subsidiary to Warburg for...
- May 14, 2024
Financial services company Shriram Finance will sell its housing finance arm to private equity major Warburg Pincus for Rs 4,630 crore. This is...
Ola to move business from Microsoft to Krutrim amid...
- May 12, 2024
Ola founder and CEO Bhavish Aggarwal on Saturday said that his company had decided to move its entire workload out of Microsoft Azure to its own...
AI Express’ cabin crew members end stir, airline...
- May 10, 2024
Cabin crew of Air India Express (AI Express) withdrew their strike on Thursday evening after the airline agreed to look into issues raised by them,...
Tata Power’s FY25 capex of Rs 20,000 crore slotted for...
- May 09, 2024
Tata Power has planned a 66 per cent higher capital expenditure (capex) of Rs 20,000 crore in this financial year compared to the capex a year ago....
Ola Cabs to lay off 10% of staff, CEO Hemant Bakshi calls...
- Apr 30, 2024
Ola Cabs CEO Hemant Bakshi has quit just four months after joining the company. The development comes at a time when the company is planning a...
The ePlane Company readying prototype flying e-taxi by...
- Apr 29, 2024
Chennai-based startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi (e-taxi) by March next year as it works...
SEBI finds offshore investors of Adani companies flouting...
- Apr 23, 2024
Markets regulator found that a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of...
Elon Musk puts off India visit, citing pressing commitments...
- Apr 21, 2024
Billionaire Elon Musk, the head of Tesla and SpaceX, on Saturday pushed back his much-anticipated visit to India, originally slated for April 21 and...
Government open to selling minority stakes in GIC, LIC in...
- Apr 20, 2024
The government is open to a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in...
Walmart launches a dedicated page for Indian sellers on its...
- Apr 19, 2024
Multinational retailer Walmart on Thursday announced the launch of a dedicated page for Indian sellers to register and sell on the company’s...
HAL wins biggest-ever domestic order for supply of 97 LCA...
- Apr 13, 2024
The Ministry of Defence has put out a tender for Hindustan Aeronautics (HAL) for procurement of 97 made-in-India LCA Mark 1A fighter jets. This deal...
NTPC eyes 40-mt coal output target from its owned mines for...
- Apr 08, 2024
National Thermal Power Corporation (NTPC) on Sunday announced that it had set a 40-million tonne (mt) target for coal production from its owned mines...
Wipro veteran Srinivas Pallia succeeds Thierry Delaporte as...
- Apr 07, 2024
Wipro has announced the appointment of Srinivas Pallia as its new managing director and CEO, succeeding Thierry Delaporte, who has resigned from the...
Pride Hotels signs Biznotel by Pride, Himatnagar, blending...
- Apr 05, 2024
The Pride Hotels Group has launched Biznotel by Pride in Himmatnagar, a town in Gujarat with a blend of historical significance, natural beauty and...
Tesla team to visit India in April-end to search for a site...
- Apr 04, 2024
Tesla will send a team from the US to India by late-April to study sites for a proposed $2 billion to $3 billion electric car...
Force Motors to shut down tractor business in...
- Mar 31, 2024
Pune-based Force Motors has said that it is closing its agricultural tractors business and related activities from March 31. The company has...
Rivals Ambani & Adani join hands, Reliance buys 26% stake...
- Mar 29, 2024
In a first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh...
Tendulkar-backed RRP Electronics unveils semiconductor...
- Mar 28, 2024
RRP Electronics, in a historic collaboration with a prestigious European consortium, has proudly announced inauguration of Maharashtra’s pioneering...
Bajaj Group’s Bajaj Beyond sets aside Rs 5,000 crore for...
- Mar 23, 2024
The Bajaj Group has committed Rs 5,000 crore towards social impact initiatives over five years, with a sharp focus on skill development, under Bajaj...
Asian Granito ropes in Ranbir Kapoor as brand ambassador to...
- Mar 23, 2024
Asian Granito India (AGL), one of the country’s leading tiles, engineered marble, quartz and bathware brand, has signed actor Ranbir Kapoor as its...
MoD inks Rs 2,890-crore contract with HAL for upgrade of 25...
- Mar 16, 2024
The Ministry of Defence (MoD) signed a contract with Hindustan Aeronautics (HAL) on Friday for Mid-Life Upgrade (MLU) of 25 Dornier aircraft along...
Paytm gets TPAP licence, online payments to go on after its...
- Mar 15, 2024
Digital payments company One97 Communications, which operates under the application (app), Paytm, was on Thursday granted a third-party application...
Jet Airways set to fly again as NCLAT clears JKC’s...
- Mar 13, 2024
The National Company Law Appellate Tribunal (NCLAT) on Tuesday cleared the decks for revival of Jet Airways as it upheld the resolution plan of the...
NMDC crosses 40 mt milestone in FY24, posts best-ever...
- Mar 02, 2024
NMDC, India’s largest iron ore producer, delivered its best -ever cumulative volumes up to February 2024. NMDC produced 3.92 million tonnes and...
Reliance, Walt Disney seal $8.5-billion deal to form...
- Feb 29, 2024
The country’s largest conglomerate, Reliance Industries, and Walt Disney on Wednesday announced the merger of their India TV and streaming media...
Finance Minister Sitharaman asks RBI to hold meetings with...
- Feb 27, 2024
Finance Minister Nirmala Sitharaman has asked the Reserve Bank of India (RBI) to hold monthly meetings with fintech firms to address their regulatory...
Reliance, Walt Disney in merger deal to create India’s...
- Feb 26, 2024
Reliance Industries and Walt Disney are set to merge their Indian media operations, according to a media report. The merger will see Reliance...
Byju’s top shareholders like Prosus and Peak vote to oust...
- Feb 24, 2024
Byju’s major shareholders, including Prosus and Peak XV Partners, voted on Friday to oust its founder as chief executive officer, escalating a...
LIC set to receive Income Tax refund of Rs 25,464 crore in...
- Feb 12, 2024
Life Insurance Corporation of India (LIC) has received an Income Tax refund order of Rs 25,464 crore, and it is likely to be realised during the...
Hyundai Motor picks JPMorgan and Citi as investment banks...
- Feb 10, 2024
Hyundai Motor has reportedly enlisted investment banks JPMorgan and Citi to advise on its anticipated Indian initial public offer (IPO), aiming for a...
Microsoft plans to provide AI skills to 20 lakh Indians by...
- Feb 08, 2024
Microsoft Chairman and CEO Satya Nadella on Wednesday announced that the company would provide 20 lakh people in India with AI skilling opportunities...
NALCO, NLC, GMDC and other top State-run companies bid for...
- Feb 06, 2024
The government on Monday said that 10 companies, including NALCO, Gujarat Mineral Development Corporation (GMDC) and NLC India, submitted bids for...
State-run oil companies line up Rs 1.2-lakh crore capex in...
- Feb 05, 2024
ONGC, IOCL and other oil PSUs will invest about Rs 1.2 lakh crore in the coming financial year, starting April 1, in oil and gas exploration,...
Sony scraps $10-bn Zee deal after failing to agree on...
- Jan 23, 2024
The Sony Group sent a termination letter to Zee Entertainment Enterprises (Zee) on Monday, informing the company of its decision to call off the...
RIL to open New Energy Giga Complex with 5 plants in...
- Jan 22, 2024
Billionaire Mukesh Ambani’s Reliance Industries (RIL) will commission a New Energy Giga Complex in Gujarat in the second half (H2) of 2024, the...
Gujarat and Karnataka top the list of best performers in...
- Jan 17, 2024
Gujarat and Karnataka are ranked as the best performers in developing startup ecosystem for budding entrepreneurs, according to the ranking of States...
ONGC makes two natural gas discoveries in Mahanadi basin...
- Jan 15, 2024
State-owned Oil and Natural Gas Corporation (ONGC) has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block...
Tatas strike two deals worth Rs 7,000 crore to snap up...
- Jan 13, 2024
Tata Consumer Products on Friday said that it would be buying a 100 per cent stake in Capital Foods, which markets its products under Ching’s...
Supreme Court says no to probe other than SEBI’s in...
- Jan 04, 2024
The Supreme Court on Wednesday said that the Adani Group did not need to face more investigations beyond the current scrutiny of the market...
Reliance, Walt Disney ink non-binding pact to merge Indian...
- Dec 27, 2023
Reliance Industries and Walt Disney have signed a non-binding term sheet to merge their Indian media operations, according to a newspaper report,...
Global client scraps $1.5-bn MoU with Infosys amid slump in...
- Dec 24, 2023
Information technology (IT) solutions company Infosys informed on Saturday that a global client had decided to terminate the Memorandum of...
NFRA flags gaps in audit of IL&FS by EY network firm SRBC &...
- Dec 23, 2023
The National Finance Reporting Authority (NFRA) has found a number of gaping holes in the audit of Infrastructure Leasing & Financial Services...
Walmart pumps $600 million into Flipkart; new investors...
- Dec 22, 2023
Walmart, e-commerce company Flipkart’s biggest shareholder, is set to infuse about $600 million in a new fund-raising for the startup, a Flipkart...
Adani buys a majority stake in IANS India for an...
- Dec 17, 2023
Billionaire Gautam Adani’s group has acquired a majority stake in news agency IANS India for an undisclosed sum as the group expands its presence...
Reliance, JSW, BPCL & 11 others bid for sops under green...
- Dec 16, 2023
Reliance Industries, JSW Energy, Torrent Power and Bharat Petroleum Corporation (BPCL) are among 14 companies that have bid for incentives under...
Apple asks its suppliers to make batteries in India to...
- Dec 08, 2023
In a development that will deepen India’s local value addition in the mobile and electronics manufacturing chain, Apple has asked its suppliers to...
FedEx invests $100 million in Hyderabad tech hub to boost...
- Dec 06, 2023
FedEx Express, an arm of New York Stock Exchange-listed, global express transportation company FedEx Corp, on Tuesday inaugurated its first tech hub...
ReNew Energy inks pact with ADB for a funding of $5.3...
- Dec 05, 2023
Renewable energy company ReNew Energy Global has inked an initial pact with the Asian Development Bank (ADB) for a funding of $5.3...
LIC set to open office in GIFT City to consolidate overseas...
- Dec 04, 2023
Life Insurance Corporation of India (LIC) is planning to open office in the Gujarat International Finance Tec (GIFT) City-International Financial...
Tesla’s Cybertruck at $60,990, over 50% more than price...
- Dec 02, 2023
Tesla’s long-delayed Cybertruck will be priced starting at $60,990, over 50 per cent more than what CEO Elon Musk had touted in 2019, and cost...
Aster DM Healthcare to sell 65% in Gulf business to Fajr...
- Nov 29, 2023
Hospital chain Aster DM Healthcare has agreed to sell a majority stake in its Gulf business to an investor group based in the region for $1 billion...
Taiwan’s Foxconn lines up $1.6-billion investment to...
- Nov 28, 2023
Taiwan-based Foxconn’s Hon Hai Technology on Monday announced investment of $1.6 billion to build a factory in India.Foxconn, a prominent Apple...
Coal India may double volume of e-auction to 60 mt in G2 of...
- Nov 24, 2023
Coal India is likely to e-auction approximately 60 mt of coal in the second half of the current financial year, according to estimates indicated by...
CG Power plans to set up a $791-million semiconductor unit...
- Nov 23, 2023
Shares of CG Power and Industrial Solutions were locked in the 20 per cent upper circuit at Rs 469, a record high, on Wednesday after the company...
Go First may fly into liquidation as lone bidder Jindal...
- Nov 22, 2023
Jindal Power, the only company whose expression of interest (EoiI to take over Go First was accepted by creditors, had decided not to follow through...
Tata Tech woos Morgan Stanley, Blackrock & others to invest...
- Nov 10, 2023
Tata Technologies (Tata Tech) is in talks with Morgan Stanley Investment Management, Blackrock and some US hedge funds to invest in its initial...
Dabur India eyes acquisitions, armed with Rs 7,000 crore of...
- Nov 09, 2023
With substantial cash reserve of Rs 7,000 crore, Dabur India is actively seeking acquisition opportunities in the healthcare and home and personal...
NMDC’s subsidiary Legacy is readying to mine gold in...
- Nov 07, 2023
State-owned iron ore miner NMDC’s subsidiary, Legacy Iron Ore, is set to mine gold in western Australia, the government has said in a...
Tata Motors joins hands with JLR to roll out premium EV...
- Nov 03, 2023
Tata Motors on Thursday announced that it had partnered with JLR for development of its premium pure electric series Avinya. Tata Passenger...
L&T enters fabless semiconductor chip design, lines up Rs...
- Nov 01, 2023
Larsen & Toubro (L&T) is foraying into fabless semiconductor chip design by setting up a subsidiary, the engineering major has said. The...
Ericsson sets up 6G R&D centre in Chennai, eyes tie-ups...
- Oct 29, 2023
Swedish telecom gear-maker Ericsson on Saturday announced setting up a 6G research and development (R&D) centre in Chennai. Ericsson is also...
With Wistron deal, Tata Group becomes first Indian company...
- Oct 28, 2023
The Tata Group has acquired Wistron’s operations in India, paving the way for it to manufacture and assemble Apple iPhones in India for both...
RBI nod for Ashok Vaswani as MD and CEO of Kotak Mahindra...
- Oct 22, 2023
Private sector lender Kotak Mahindra Bank on Saturday said that it had received the Reserve Bank of India’s (RBI) approval for appointment of...
NCLT’s nod for Himadri-Dalmia’s resolution plan for...
- Oct 20, 2023
Birla Tyres announced that the National Company Law Tribunal (NCLT) had approved the resolution plan for the company on Thursday in a regulatory...
Government eyes Rs 1,100 crore from a 7% stake sale in...
- Oct 18, 2023
The Union government will sell up to a 7 per cent stake in State-run housing finance company, Housing and Urban Development Corporation (HUDCO),...
Grasim Industries to mop up Rs 4,000 crore through a rights...
- Oct 17, 2023
Grasim Industries said that its board of directors at its meeting on Monday approved to raise Rs 4,000 crore via rights issue. The record date for...
TCS’ fifth buyback offer of Rs 17,000 crore at Rs 4,150...
- Oct 12, 2023
Tata Consultancy Services (TCS) announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on Wednesday. The buyback price was at a...
Four Vivo executives, including a Chinese national,...
- Oct 11, 2023
The Enforcement Directorate (ED) on Tuesday arrested four executives of Chinese smartphone-maker Vivo, including one Chinese national, a report by...
Rajnish Kumar Singh completes acquisition of Sheetal...
- Oct 07, 2023
Rajnishkumar Singh, the visionary behind Rajnish Wellness Ltd’s success with Dava Discount stores, has completed acquisition of Sheetal Diamonds...
Sadhana Nitro Chem sees high profits ahead with new plants...
- Oct 06, 2023
Sadhana Nitro Chem, a leading manufacturer of intermediate speciality chemicals, has commissioned new plants. The company has said that the new...
Cases under IBC resolution set to hit 300 in FY24, reveals...
- Oct 02, 2023
Number of resolutions of stressed assets under the insolvency law was likely to touch 300 this year, IBBI Chairperson Ravi Mittal said on Sunday and...
UAE’s IHC to sell stakes in Adani Green Energy and Adani...
- Sep 29, 2023
Abu Dhabi conglomerate International Holding Company (IHC) on Thursday said it would sell its stake in two of India’s Adani Group companies. The...
