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Andhra Pradesh’s Adani solar contract under scanner: Adani deal under bribery scrutiny was approved against officials’ advice

The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India’s largest renewables contract. Two years earlier, Andhra Pradesh’s energy regulator had said

ITC announces January 1, 2025 as effective date for demerger of its hotel business

ITC Ltd on Tuesday announced that the company has fixed January 1, 2025 as the effective date for demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT). In a regulatory filing, the company informed that it has received an order from NCLT sanctioning the agreement.  Earlier in October

What led to drop in Ambani, Adani’s net worth slipping below $100 billion – A look at how 2024 panned out for two of...

Mukesh Ambani, Gautam Adani exit $100 billion club: With various business challenges looming over two of the biggest conglomerates in India – Adani Group and Reliance Industries, the country’s wealthiest billionaires and among Asia’s richest people, Reliance CMD Mukesh Ambani and Adani Group Chairman Gautam Adani, have both dropped out of the Bloomberg’s $100 billion

India to end 2024 with record office space leasing activity: Report

India’s office leasing market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83–85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday. The growth is primarily attributed to strong demand from sectors such as IT-BPM (information Technology

Big plans for India! Lubrizol- a Berkshire Hathaway firm to double business in 5 years, hire 250 more

Lubrizol Corporation, a Berkshire Hathaway company and a specialty chemical firm has big plans for India. Close on the heels of its $350 million investment in the country, the company specialising in delivering sustainable solutions aims to double its business in India over the next five years and actively expanding its global capability center in

HC dismisses plea against power contract to Adani; imposes Rs 50,000 cost on petitioner

The Bombay High Court on Monday dismissed a petition challenging a contract awarded by the Maharashtra government to Adani Group for supply of renewable and thermal power electricity, noting the plea was “unsubstantiated and reckless”. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar also imposed a cost of Rs 50,000

Sterlite Power raises Rs 725 crore from GEF Capital, ENAM Holdings

Sterlite Power on Monday said it has raised Rs 725 crore in a primary fundraising round from GEF Capital Partners and ENAM Holdings. As part of Sterlite Power’s demerger exercise, the Global Products and Solutions (GPS) business was hived out as an independent company in October 2024, a company statement said. Also ReadGoogle appoints Preeti

Google appoints Preeti Lobana as new Country Manager and Vice President for India

Google has appointed Preeti Lobana as the new Country Manager and Vice President for India. Lobana takes over from Sanjay Gupta, who has been promoted to President of the Asia Pacific region at Google. This move is part of Google’s strategy to further enhance its presence in India’s rapidly growing digital economy and leverage the
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Textile units under GST lens for mis-classifying services

Central Goods and Services Tax (CGST) officials in the recent months have investigated over two dozen textile manufacturing companies across the country for mis-classifying textile processing activities and subsequently paying lesser tax. According to official sources, the CGST department has observed that several textile manufactures are recording activities which involve ‘changing the nature of cloth’

AI being used for collusion, says CCI chairperson

Artificial intelligence (AI) is being used for “collusion” by sections of Indian industry, Ravneet Kaur, chairperson of Competition Commission of India (CCI) said on Sunday, adding that the regulator would equip itself to deal with it. “Companies are using AI to coordinate prices without explicit agreements, and are engaging in algorithmic discrimination under the garb

How Women Can Build Wealth Through Real Estate: Key investment tips

Owning a home is one of the most significant steps toward financial security, both for individuals and families. While men have traditionally taken the lead in property purchases in India, the trend is gradually changing, with more women actively investing in real estate. Recognizing this shift, both state governments and financial institutions have introduced various

Ghaziabad Namo Bharat Station to get tech-enabled co-working spaces

The National Capital Region Transport Corporation (NCRTC) is set to launch a co-working space, named MetroDesk, at the Ghaziabad Namo Bharat Station soon. This innovative initiative aims to turn urban transit areas into dynamic business hubs, introducing a pioneering coworking model within the Namo Bharat network. MetroDesk is tailored for professionals, entrepreneurs, and small businesses

8th Pay Commission: Central employees’ commuted pension to be restored after 12 years?

8th Pay Commission News: The long-standing demand for the restoration of commuted pensions is again in discussion. Currently, this pension is restored after 15 years, but employee organisations want the government to cut this commutation period to 12 years. Now, after the announcement of the 8th Pay Commission, employees are hopeful that the government may