Reliance Retail, the Mumbai-based Reliance Group’s consumer arm, is set to get a major bump in its business operations as the Competition Commission of India (CCI) approved its acquisition bid…
Category: Companies
Vedanta repays $100 million to Standard Chartered Bank, pledged shares released
Vedanta Limited, controlled by billionaire Anil Agarwal, has repaid $100 million to Standard Chartered Bank via release of encumbrance on March 10, 2023. In a regulatory statement, the company said:…
‘Look back at 2008’: How will Silicon Valley Bank collapse impact Indian IT sector?
The collapse of the Silicon Valley Bank has added to the uncertainty faced by Indian IT companies, which were already facing headwinds due to the macroeconomic slowdown in the West. This…
GST wing of CBIC starts probe insurance companies
The GST wing of the Central Board of Indirect Taxes & Customs (CBIC) is investigating over a dozen insurance companies for allegedly claiming wrongful input tax credits of amount pegged at Rs 1000 crore. CBIC officials…
CCI approves Reliance’s acquisition of METRO Cash & Carry India; check details here
The Competition Commission of India (CCI) has approved Reliance Retail Venture’s (RRVL) acquisition of the food wholesaler METRO Cash & Carry India. RRVL is a subsidiary of the Mukesh Ambani-led…
India’s costliest penthouse! Bajaj Auto’s Niraj Bajaj buys house worth Rs 252.5 cr in Mumbai
In the country’s costliest penthouse deal yet, Bajaj Auto Chairman Niraj Bajaj has reportedly bought a sea-facing apartment in Mumbai’s Malabar Hill for a whopping Rs 252.5 crore. Before this,…
India inches one step closer to forging a global alliance on alternative fuels
The eight member countries of the Shanghai Cooperation Council (SCO) have agreed to work towards developing hydrocarbon alternatives including hydrogen, biofuels and ammonia to address their expanding energy requirements. “The…
‘We are investing a lot’: This French multinational looks at India as its next big manufacturing hub
French multinational Schneider Electric is betting big on India’s economic growth to make it centre stage of its operations to developing new technologies for the world, a senior company official…
Is slowdown coming? Deal value at India Inc fell 60% in Feb, says report
Deals at India Inc. have slipped 54 per cent year-on-year (YoY) in terms of value in the month of February as per Grant Thornton’s Bharat Deal Tracker. The report noted…
Air India partners with Salesforce to digitise contact centre operations
Air India announced on Monday the Tata group-owned airline will be partnering with Salesforce to transform its customer service technology stack. “In line with our strategy to deliver a world-class, omni-channel…