In a fresh blow for Ola, Uber, Rapido, Delhi government’s transport department has asked the ride sharing platforms to halt their bike taxis effective immediately. “It has been brought to…
Category: Companies
Govt aims to vote out Vedanta’s Hindustan Zinc deal at EGM: Report
Government aims to vote out Anil Agarwal-promoted Vedanta’s plan to sell its global zinc assets to Hindustan Zinc Ltd (HZL) for cash consideration of $2.98 billion, said a report on…
Tony Jesudasan, key lieutenant at Anil Ambani’s Reliance, passes away at 71
Tony Jesudasan, Anil Ambani’s key lieutenant at Reliance Anil Dhirubhai Ambani Group (R-ADAG), passed away early Monday morning at the age of 71. Jesudasan was suffering from heart ailments, and…
Walmart-owned Flipkart to acquire a stake in online pharmacy start-up Pharmallana
Walmart-owned Flipkart is reportedly in talks to acquire a stake in Bengaluru-based healthtech start-up Pharmallama, according to a report by Livemint. People familiar with the matter told Mint that Flipkart…
‘Karnataka lost big investment’: Mohandas Pai on Ola setting up EV hub in TN
As electric vehicle maker Ola Electric gears up to establish an EV hub in Tamil Nadu, former Infosys director and chairman of Aarin Capital Mohandas Pai expressed his disappointment on…
Adani row: Bank of Baroda says it will continue lending to the conglomerate; here’s why
Bank of Baroda will continue to lend money to the Adani Group, said the lender’s chief executive officer and managing director Sanjiv Chadha. He said that, however, the conglomerate has…
Adani row: Mahua Moitra takes a dig, highlights article from another ‘foreign conspirator’ on ESG red flags
All India Trinamool Congress MP Mahua Moitra took a dig at the Adani Group and said that another “foreign conspirator” has now published an article on the conglomerate accusing it…
Gautam Adani’s wealth slips below $50 bn as Hindenburg report jolts Adani Group’s fortunes
Billionaire and chairman of the ports-to-power conglomerate Adani Group Gautam Adani’s net worth slipped to less than $50 billion as of February 20. As per Bloomberg Billionaires Index, the billionaire’s…
Pepsico recalls some Starbucks vanilla frappuccino drinks in US
Pepsico Inc recalled more than 25,000 cases of Starbucks chilled coffee drink after glass was found in some of the bottles, the U.S. Food and Drug administration said in a…
Samvardhana Motherson Automotive signs pact to buy German firm for Rs 4,790 cr
Samvardhana Motherson Automotive Systems Group BV (SMRPBV) on Sunday said it has inked a pact to acquire Germany-based SAS Autosystemtechnik GmbH at an enterprise value of 540 million euros (around…