Singapore Centre Denies Sony’s Plea Against Zee
The Singapore International Arbitration Centre (SIAC) has rejected Sony’s request to stop Zee Entertainment from pursuing the merger scheme that was cancelled by the Japanese media giant. Zee Entertainment has approached the National Company Law Tribunal (NCLT) in India to enforce the merger that was approved by the same tribunal in August 2023. Background of […]
Crisil Upgrades Adani Power’s Bank Loan Rating
Adani Power Limited (APL), India’s largest private power producer, has received a rating upgrade from Crisil Ratings, a leading credit rating agency, on its Rs 38,000 crore of bank loan facilities. The rating has been upgraded to ‘AA-‘ from ‘A’ with a stable outlook, reflecting the strong improvement in the business and financial risk profiles […]
Class 1-8 Students to Get Free Sweaters, Bags by UP Govt
The Uttar Pradesh government has announced a budget allocation of Rs 1,000 crore for providing free sweaters, shoes, socks and bags to over 2 crore students of classes 1 to 8 in government schools. The scheme aims to encourage education and improve the infrastructure of primary schools in the state. According to Finance Minister Suresh […]
VECV and ITC Collaborate for Sustainable Logistics
Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV) Limited, has joined hands with ITC Limited to promote sustainable and environment-friendly mid-mile logistics solutions across various ITC locations in India. As part of this collaboration, ITC, through its vendor partners, will progressively deploy over 100 units of India’s first 5.5-tonne electric vehicle, the […]
First Time Ever: LIC Crosses Rs 1,000 Mark
Life Insurance Corporation (LIC), India’s largest life insurer and public sector undertaking (PSU), has achieved a historic milestone by crossing the Rs 1,000 per share mark for the first time on Monday, February 5, 2024. The stock hit an all-time high of Rs 1,028 per share, registering a gain of 8.8% in the current trading […]
Jio, HDFC Bank Eyeing to Buy Paytm Wallets
Paytm, India’s leading digital payments platform, is looking for a buyer for its wallets business, which is housed under Paytm Payments Bank. According to a report by Hindu Businessline, Jio Financial Services (JFSL) and HDFC Bank are among the frontrunners to acquire the business, which has over 300 million users. Why Paytm wants to sell […]
Jay Y. Lee: Acquitted in 2015 Samsung Case
Samsung Electronics Chairman Jay Y. Lee was acquitted by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group. Background of the case Lee, 55, was charged with stock price rigging, breach of trust […]
MeitY Empowers Paras Defense with SMART Tech: Boost for Digital India
The Ministry of Electronics and Information Technology (MeitY) has successfully transferred the Smart Food Grain Storage System (SAFEETY) technology to M/s Paras Defense and Space Technology Ltd, a leading defense and space company in India. The technology transfer took place during the launch event of the “Digital India FutureLABS Summit 2024” held at IIIT-Delhi on […]
Alpex Solar’s SME IPO to Open on Feb 8, Price Band Rs 109-115
Alpex Solar, a solar photovoltaic (PV) module manufacturer in North India, is launching its SME IPO on February 8, 2024. The issue will close on February 12, 2024. The price band for the IPO is Rs 109-115 per share. The minimum lot size is 1200 shares. The issue size is Rs 74.52 crores. About Alpex […]
Think Health Diagnostics: New Acquisition by Thyrocare
Thyrocare, a leading diagnostic and preventive healthcare service provider in India, has acquired Think Health Diagnostics, a home healthcare technology company that offers ECG services at home. The deal was announced on February 1, 2024, and will make Thyrocare one of the largest diagnostics at home healthcare service providers in India. Why Thyrocare acquired Think […]