Tata Motors Initiates Gigafactory Construction in UK
Tata Motors, the Indian automotive giant and owner of Jaguar Land Rover (JLR), has announced that it has begun construction of a battery cell gigafactory in the UK. The investment, worth over £4 billion, is one of the largest ever in the UK automotive sector and will create thousands of jobs and boost the country’s […]
Bharti Airtel: 38.6 Lakh Equity Shares for FCCB Holders
Bharti Airtel, one of India’s leading telecom operators, has announced that it will allot 38.6 lakh equity shares to certain holders of its Foreign Currency Convertible Bonds (FCCBs) at a conversion price of Rs 518 per equity share. This follows the receipt of notices for conversion of FCCBs of principal value of USD 27.795 million […]
TCS Ties Promotions to ‘Return to Office’ Mandate
Tata Consultancy Services (TCS), India’s largest IT services company, has announced that it will link promotions, hikes, and variable payouts to complying with its recent return-to-office policy. This means that employees who work from the office regularly will have a better chance of getting higher grades, salaries, and bonuses than those who work from home. […]
Best Agrolife Leads with ‘Warden Extra’ in India
Best Agrolife Ltd (BAL) is the first Indian agrochemical company to indigenously manufacture ‘Warden Extra’, a revolutionary product that combines fungicide and insecticide properties. Warden Extra is expected to boost crop production by protecting plants from diseases and pests. Warden Extra is a result of BAL’s innovative research and development efforts, which have received the […]
RBI Directs Paytm Bank: Stop New Customers from Feb 29
The Reserve Bank of India (RBI) has imposed additional restrictions on Paytm Payments Bank Ltd (PPBL) due to “persistent non-compliances” with the banking regulations. The RBI has ordered PPBL to stop accepting any deposits or credit transactions or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024. The […]
Zooom Resumes with Delhi-Ayodhya Flight; Eyes Expansion
Zooom, the domestic airline formerly known as Zoom Air, has resumed its operations in India after more than five years of hiatus. The airline launched its first passenger flight from Delhi to Ayodhya on January 31, 2024, using a Bombardier CRJ200ER aircraft. The flight marks the comeback of Zooom in the Indian aviation market, which […]
Sebi Reviews Penalty Disclosure Norms
Sebi, the market regulator in India, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, even an insignificant amount, which increases the compliance burden. The regulator in July 2023 mandated disclosure of all penalties to stock exchanges irrespective of the amount. Earlier, companies could use their discretion in disclosing fines. […]
Meesho Delists 2 Lakh Items After Quality Check
Meesho, the e-commerce platform backed by Softbank, has announced that it has delisted nearly 2 lakh products from its website in the last quarter of 2023 after conducting a quality evaluation based on customer reviews, ratings and feedback. The company has also invested in artificial intelligence to fortify quality checks and reduce the visibility of […]
Zydus Launches New Pill for Prostate Cancer
Zydus Lifesciences Ltd., a global innovation driven healthcare company, has announced the launch of Rexigo™, a new oral once-a-day pill for testosterone suppression in patients with advanced prostate cancer. The drug is the first and only generic version of Relugolix, which has been available in developed countries since 2020. Prostate cancer is one of the […]
Sony Notified by NCLT: ZEE-Sony Merger Underway
The merger of Zee Entertainment Enterprises (ZEEL) and Sony Pictures Network India (SPNI), which was approved by the National Company Law Tribunal (NCLT) in August 2023, is facing a legal challenge from a ZEEL shareholder. Mad Men Film Ventures, a ZEEL shareholder, has filed a petition in the NCLT requesting both ZEEL and Sony to […]