Oxford-TCS Partnership Ends, Future Collaborations Uncertain
Oxford University has announced that it has ended its relationship with Tata Consultancy Services (TCS) following technical glitches in online admission tests in 2023. TCS was hired by the university less than a year ago to design and deploy the admission tests for thousands of students annually. However, the university said that it received negative […]
Nazara’s Subsidiary Buys Comic Con India for ₹55 Cr
Nazara Technologies, a leading gaming and sports media company, has announced that its esports subsidiary NODWIN Gaming will acquire 100% of the shares of Comic Con India Pvt Ltd, the organizer of the popular pop culture events in India, at a valuation of ₹55 crore. The deal will be completed within 90 days through a […]
Bajaj Eyes CNG 2-Wheelers After 3-Wheeler Success
Bajaj Auto, the Indian two-wheeler giant, is planning to launch its first CNG-powered motorcycle in 2025, following the success of its CNG three-wheelers. The company aims to offer an affordable and eco-friendly alternative to petrol bikes, with lower running costs and emissions. Why CNG bikes? According to Rajiv Bajaj, the CEO of Bajaj Auto, there […]
Rs 8,325 Cr Prepaid by Airtel for 2015 Spectrum Liabilities
Bharti Airtel, India’s second-largest telecom operator, has prepaid Rs 8,325 crore to the Department of Telecom (DoT) towards part prepayment of the deferred liabilities pertaining to spectrum acquired in the 2015 auction. The company said that this move will reduce its interest cost by 10 per cent. Spectrum auction in 2015 Bharti Airtel had won […]
ONGC’s Green Energy Subsidiary Approved by Ministry
The Ministry of Petroleum and Natural Gas has given its approval for the establishment of a subsidiary company by Oil and Natural Gas Corporation Limited (ONGC), focusing on green energy and gas ventures. The newly formed company, proposed to be named ONGC Green Limited, will engage in businesses related to green hydrogen, hydrogen blending, renewable […]
Nova Agritech IPO: Key Points Before You Subscribe Today
Nova Agritech Ltd, a Hyderabad-based company that manufactures and markets products for soil health, plant nutrition and crop protection, is launching its initial public offering (IPO) today. The issue will close on January 25, 2024. Here are some key points to know before you subscribe:
Sony’s $10B Deal in India: Why It Failed
Sony India Deal Failed: Reasons and Consequences Sony Group Corp has called off its $10 billion merger with Zee Entertainment Enterprises Ltd (ZEEL), one of India’s largest media conglomerates, due to a leadership dispute and a regulatory probe. The deal, which was announced in 2021, would have created an entertainment giant with over 100 channels […]
Tata Motors Hikes Prices, EVs Gain Momentum
Tata Motors, one of India’s leading automobile manufacturers, has announced that it will hike the prices of its passenger vehicles, including electric vehicles (EVs), by 0.7 percent from February 1, 2024. The price hike is aimed at partially offsetting the rise in input costs faced by the company. The price increase will affect popular Tata […]
Margin Dispute: Hindustan Unilever vs Distributors
Hindustan Unilever faces distributors’ boycott over margin dispute Hindustan Unilever Ltd (HUL), India’s largest consumer goods company, is facing a boycott from its distributors over a change in its margin structure. The distributors claim that the revision will reduce their earnings and jeopardize the distribution network. HUL says that the new model will improve service […]
Gautam Adani: Turning Hindenburg Report into an Opportunity
A year ago, Gautam Adani, the founder and chairman of Adani Group, faced one of the biggest challenges of his career. A US-based short-seller, Hindenburg Research, published a report accusing him and his conglomerate of fraud and stock price manipulation. The report claimed that Adani had inflated his net worth by over $100 billion in […]