Bengaluru/IBNS: Byju Raveendran, the founder of the bankrupt Indian edtech company Byju’s, allegedly attempted to use hidden loan funds to secretly buy back a US-based software company under the control of an American trustee, according to new court filings.
New Delhi/IBNS: The Adani Group has denied the charges of bribery and fraud brought against its chairman, billionaire Gautam Adani, by the US Department of Justice and the US Securities and Exchange Commission.
New York/IBNS: Bitcoin reached an all-time high of $97,628 on Thursday (Nov. 21), fueled by expectations of a favourable regulatory environment for cryptocurrencies under President-elect Donald Trump.
Mumbai/IBNS: Shares of Adani Group companies plummeted by up to 20 percent on Thursday (Nov. 21) following allegations against Gautam Adani and seven others in the United States for orchestrating a multibillion-dollar bribery and fraud scheme.
Berlin: Ford announced plans to cut around 14% of its European workforce, equating to 4,000 jobs, citing weak electric vehicle (EV) demand, limited government support, and competition from subsidized Chinese automakers, media reports said.
Bengaluru: The Indian government is reviewing a proposal to impose a temporary tax on Chinese steel imports, JSW Group Chairman Sajjan Jindal said, according to a Reuters report.
Washington DC: The United States may impose tariffs of nearly 40% on Chinese imports early next year, Reuters reported, citing the outcome of a poll of economists it conducted.
New Delhi: The Adani Group plans to invest around $2 billion to develop Mumbai’s largest international convention centre (ICC) near the international airport it operates, according to a report by Livemint.
The Indian Ministry of Commerce and Industry on Wednesday said discussions over relaunching the Free Trade Agreement between India and the UK will commence in early 2025.
Mumbai/IBNS: The Reserve Bank of India (RBI) on Tuesday (Nov. 19) issued a warning to investors regarding the circulation of deepfake videos featuring Governor Shaktikanta Das on social media.
Mumbai/IBNS: Nokia has signed a multi-year, multi-billion-dollar extension agreement with Bharti Airtel to deploy 4G and 5G equipment across key Indian cities, the telecom giant announced on Wednesday (Nov. 20).
New Delhi/IBNS: WhatsApp parent Meta plans to contest the Rs 213.14 crore fine imposed by the Competition Commission of India (CCI) for alleged anti-competitive practices tied to WhatsApp’s 2021 privacy policy update, according to media reports.
New York/IBNS: Bitcoin has surpassed the $94,000 mark for the first time, achieving a record all-time high, fueled by reports of potential crypto-friendly moves under US President-elect Donald Trump.
Thimphu: Tata Power Company Ltd has entered into a strategic partnership with Druk Green Power Corporation Ltd (DGPC) to collaborate and develop at least 5,000 MW of clean energy generation capacity in Bhutan.
New Delhi: India's renewable energy capacity is projected to reach 250 GW by March 2026, supported by a robust project pipeline exceeding 80 GW, according to a report by ICRA on Tuesday.
Nestle plans to ramp up marketing efforts, cut costs by at least $2.8 billion by 2027, and reorganize its premium drinks and water businesses into a separate global unit to accelerate growth under new CEO Laurent Freixe, Reuters reported.
New Delhi: The Indian government is mulling offloading a minority stake in four state-owned banks to meet the public shareholding rules mandated by the country's markets regulator SEBI, a government source told Reuters.
Kolkata/IBNS: West Bengal Information Technology (IT) and Electronics Minister Babul Supriyo said the state government is hopeful of rolling out a slew of policies including that on GCC, semiconductor as well as drone to facilitate the development of IT infrastructure in Bengal.
Adani Infra, a subsidiary of Gautam Adani's flagship Adani Enterprises, will buy a 30.07% stake in construction firm PSP Projects for Rs 6.85 billion ($81.2 million), Reuters reported, citing a company announcement by the latter.
TA Associates, a global private equity firm, on Tuesday announced the completion of a strategic growth investment in Vee Healthtek, a prominent provider of technology-enabled solutions and services for healthcare organizations.
Mumbai: Tata Group’s hospitality arm Indian Hotels Company Ltd (IHCL) has allocated capex of Rs 5,000 crore to increase its properties to over 700 by 2030, news agency PTI reported.
The Indian Army successfully conducted the Multilateral Annual Joint Humanitarian Assistance and Disaster Relief (HADR) Exercise, 'Sanyukt Vimochan 2024' at Ahmedabad and Porbandar on November 18-19.
TA Associates, a global private equity firm, on Tuesday announced the completion of a strategic growth investment in Vee Healthtek, a prominent provider of technology-enabled solutions and services for healthcare organizations.
New Delhi/IBNS: Indian aviation on Sunday (Nov. 17) achieved a historic milestone, surpassing 5 lakh domestic passengers in a single day for the first time.
Bengaluru/IBNS: Amazon India plans to shift its Bengaluru headquarters from the World Trade Centre (WTC) to a new office near the city’s airport, as reported by LiveMint.
Chennai/IBNS: Apple supplier Foxconn has instructed its recruitment agencies in India to eliminate references to age, gender, marital status, and the company name in job advertisements, Reuters reported, citing its sources.
San Francisco/IBNS: Daksh Gupta, Indian-origin CEO of the San Francisco-based artificial intelligence (AI) startup Greptile, recently ignited a fierce online debate after candidly sharing details about his company's intense work environment.
India is set to become a major focus for high-street fashion brands as international players increasingly turn to Asian growth markets like India for manufacturing, ANI reported, citing McKinsey & Company’s latest study.
Retail tomato prices fell by 22.4% month-on-month in November, driven by improved supplies across the country, the Consumer Affairs Ministry said on Sunday.
India's Tata Electronics has entered into an agreement to acquire a majority stake in Taiwanese contract manufacturer Pegatron's sole iPhone plant in India, establishing a joint venture aimed at bolstering Tata's role as an Apple supplier, Reuters reported, citing sources.
