The Supreme Court on Friday directed Aakash Educational Services not to give effect to the extraordinary general meeting (EGM) resolution to amend its Articles of Association (AoA). A bench of chief justice of India Sanjiv Khanna and justice PV Sanjay Kumar directed the institute, which is a subsidiary of Think and Learn, which runs edtech
Five major agriculture producers led by the US have accused India of providing support to its rice and wheat producers far in excess to what the World Trade Organisation (WTO) rules allow, an allegation which has been rejected by Indian representatives in Geneva as baseless. The counter-notification on the issue was brought by the US
Tiger Global-backed B2B seafood chain Captain Fresh is aiming to end this fiscal year with a profitable bottomline and revenue growth in the range of $500-550 million, compared to $168 million in FY24. The startup has plans to hit the public markets in FY26. “We started as an India-to-India business and then we became India-to-global
Adani Group’s Chief Financial Officer, Jugeshinder Singh, firmly denied allegations of bribery involving government officials to secure contracts. Speaking at a Trust Group event in Mumbai, Singh emphasised that no large payments were made, stating, “If you are paying that much cash to someone, I would certainly know.” Singh dismissed allegations made in the U.S.
The compensation paid by global capability centres (GCCs) is expected to be over 50% more than the remuneration paid out by other sectors in the software development domain in 2024-25. GCCs are expected to outpace information technology (IT) products & services and non-tech sectors in compensation, particularly in critical domains such as software development and
Power Mech Projects on Friday announced that the company has bagged an order worth Rs 510 crore (excluding GST) from Adani Power Limited. The order, it added, is related to the performance of Mechanical construction works for 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project (Project), at Raikheda village in Raipur District, Chhattisgarh. In
Backing the Adani Group, embattled in the US bribery case, CRISIL Ratings on Friday said that while the issue at hand is sub judice, the conglomerate has sufficient liquidity and operational cash flows to meet debt obligation and committed capex plans over the medium term. CRISIL Ratings also factored in the additional flexibility available to
As Donald Trump gears up for a second term in the White House, one of the key dynamics to watch will be the evolution of Indo-US relations, particularly in trade and semiconductors. While Trump’s first term was marked by protectionist policies and a tough stance against China, his second administration could lead to significant shifts
Gold prices have reached an unprecedented milestone, surpassing $3,000 an ounce for the first time in history. This surge is largely fuelled by a vigorous buying spree by global central banks, states Bloomberg. Since Russia’s 2022 invasion of Ukraine, central banks have increasingly turned to gold to diversify reserves and reduce dependency on the US
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
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After a brief lull in big-ticket IPOs, the Indian stock market is gearing up for another major listing – this time from a household name in consumer electronics. After Hyundai Motors India made waves last year, another South Korean giant, LG Electronics India, is ready to debut on the Indian stock exchanges. The consumer electronics
