Companies

Airport commissions second solar power plant.

Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar

RNESL will hold 40 per cent of the equity capital of SWSL, consequent to acquisition in the open offer, follow-on acquisition of shares from SPCPL and Khurshed Daruvala, and sell down, if any required.

Oct 10, 2021

Centre notifies 100% FDI in telecom sector via automatic route; India Inc welcomes

A four-year moratorium on AGR-related dues given to help cash-strapped telcos more time to strengthen their businesses and pay off their debts

Oct 9, 2021

It's official: Tata's bid wins Air India back after 68 years

The Centre on Friday declared Tata Sons' subsidiary Talace as the winner with the highest bid for national carrier Air India at Rs 18,000 crore

Oct 8, 2021

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Adani Green Energy closes India's largest renewables M&A deal with SB Energy Holdings

Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021.

Oct 4, 2021

Air India sale update: Govt receives final bids, Tata, SpiceJet in fray [details]

Air India Limited's sale is finally moving ahead as the Indian government has received the final financial bids for the airline's divestment on Wednesday.

Sep 15, 2021

Jet Airways threatened with bankruptcy proceedings

Jet Airways gets back its wings, likely to fly from first Quarter of 2022

Due to growing losses, the airline, which was previously India's largest private carrier, was forced to cancel all flights in April 2019, owing to lenders billions of dollars and laying off thousands of people

Sep 13, 2021

PayU acquiring BillDesk for $4.7 billion; makes it world's leading online payment provider [details]

The transaction, which is subject to approval from the Competition Commission of India, builds on previous successful acquisitions by PayU in India, including CitrusPay, Paysense and Wibmo.

Aug 31, 2021

SEBI bars Kotak Mahindra AMC from launching new Fixed Maturity Plan schemes for 6 months

Market regulator has also imposed a penalty of Rs 50 lakh on the the AMC and asked it to refund a part of the fund and fees collected from the unitholders of six FMP schemes by Kotak Mahindra

Aug 28, 2021

Hike CEO upbeat after raising funds from investors around the globe [details]

The Company's resurrection has become the trending topic of discussion in the tech community.

Aug 24, 2021

Online discussion forum Reddit is now valued at over $10 billion: Report

Online discussion forum Reddit said that it is now valued at more than $10 billion after raising an additional $410 million in funding, with the final round expected to grow to up to $700 million, the media reported.

Aug 13, 2021

Government intervenes to save IndiGo from Jet Airways-like crash landing

From first flight to 15-year legacy; IndiGo's fulfilling journey, memorable milestones [details]

IndiGo has achieved an extraordinary feat by cruising through turbulence and strong winds of the aviation industry and still going strong after 15 long years.

Aug 5, 2021

Young gunner Shahadat Hossainn becomes a master entrepreneur

Shahadat Hossainn said I adopt the style of professional management and organizes managerial functions by setting long term objectives, formulating strategic policies, developing management information systems,

Aug 3, 2021

IndiGo reports 292% YoY surge in revenue from operations; maintains strong balance sheet [details]

IndiGo said it has a "strong balance sheet" with a total cash of Rs 17,067.9 crore including free cash of Rs 5,620.7 crore.

Jul 28, 2021

Entrepreneur Ritam Gupta On Why He Never Had Any Role Model In Life

Ritam Gupta said I believe that everyone's life is unique and that there is no need to look up to someone for motivation or inspiration.

Jul 27, 2021

SEBI probing some Adani group cos, says Minister; Firm denies any query received so far

Minister of State for Finance, Pankaj Chaudhary informed Lok Sabha that the SEBI is investigating some Adani group companies with regard to compliance with regulations but the company denied receiving any communication in this regard so far

Jul 20, 2021

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