Gautam Adani-controlled Adani Power signed a deal on August 18, 2022, to take over the thermal power assets of DB Power Limited (DBPL) from the Dainik Bhaskar Group for around…
Category: Companies
Vistara hikes salaries of pilots, cabin crew by 8% amid Gulf threat
Full-service airline Vistara will hike salaries of its pilots and cabin crew by up to 8 per cent from April amid deployment of higher capacities to meet rising post-Covid travel…
How Surf Excel beat Ariel, Ghadi Detergent to become a billion-dollar brand
Surf Excel – the popular detergent brand from the market leader Hindustan Unilever (HUL) – has turned into a $1 billion brand by annual sales. According to the Mumbai-based local…
Adani-Hindenburg issue, GoMechanic case will harm Indian businesses’ reputation: Tracxn
Recent issues, especially those dealing with corporate governance in Indian businesses, will impact investor sentiments in the start-up segment, a report by market research platform, Tracxn has revealed. The report…
Meet N Chandrasekaran’s super team who sealed Air India’s deal with Airbus, Boeing
Air India’s latest bid to acquire 470 aircraft from Airbus and Boeing is being termed historical and is expected to put the once glorious airline in the league of top…
Is Air India’s mega deal with Airbus and Boeing of 470 or 840 aircraft?
Tata-owned Air India’s deal with the two aircraft makers, Airbus and Boeing, to buy 470 aircraft is being hailed as the largest deal in the history of civil aviation, but…
‘Market rumour’: Adani Group issues clarification on reports of hiring Grant Thornton to conduct fresh audit
Adani Group has issued a clarification on media reports that stated that the conglomerate had hired accountancy firm Grant Thornton for independent audits of some of its companies. The conglomerate…
Who sold NDTV shares to Adani at a discount to the market price?
There was always a mystery around the shareholders of New Delhi Television Ltd (NDTV) who tendered their shares in the open offer made by Adani Group in December as the…
Wipro to roll out 87% variable pay to employees in Q3FY23
Indian IT major Wipro will be rolling out 87 per cent variable to employees in bands A to B3 for the December-ended quarter of FY 2022-23, the company announced to…
Adani Power’s Rs 7,017-crore acquisition deadline of DB Power expires
Adani Power’s planned Rs 7,017 crore acquisition of DB Power has failed as the deadline to complete the transaction expired. In a filing, the company said that the long-stop date…