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
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’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
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
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 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 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
Waaree Energies on Monday announced that the company has received two projects aggregating 398 MW, for the supply of solar modules. The orders are for projects of 249 MW and 149 MW respectively. In a regulatory filing, Waaree Energies said, “The company has today received orders for 2 projects aggregating 398 MW, for the supply
When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and
With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite
OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy
Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company
Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The
