Tata Power Uses AI for Mumbai Summer Power Reliability
Tata Power has implemented AI and IoT technologies to prepare Mumbai's electricity network for summer peak demand, aiming for uninterrupted supply.
Category : Corporate News
Adani Wins NCLT Approval for Jaiprakash Associates Takeover
The National Company Law Tribunal has approved Adani Enterprises' Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd, marking a major move in India's infrastructure sector.
Flipkart Rs 1 Milk Offer Faces Farmer Backlash
Bangalore Cooperative Milk Union Ltd (Bamul) opposes Flipkart's Rs 1 milk campaign, calling it harmful to dairy farmers and filing a complaint with the Competition Commission of India.
Maruti Suzuki to Contest Rs 5,786 Crore Tax Order
Maruti Suzuki India Ltd plans to challenge a Rs 5,786 crore income tax order before the Dispute Resolution Panel, citing a dispute over royalty payments to its Japanese parent Suzuki Motor Corp.
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Oil Firms Demand Advance Payments from Fuel Dealers
State-owned oil marketing companies are requiring petrol pump dealers to make advance payments for fuel supplies as refiners face revenue losses from frozen retail prices and global crude volatility.
Strong Governance Commands Big Premium from Investors: Mistry
Former HDFC CEO Keki Mistry highlights that global investors pay a premium for strong governance, emphasizing financial integrity, risk management, and AI ethics as key pillars for trust and sustainability.
Sigma Advanced Systems Revamps Board for Global Growth
Sigma Advanced Systems Ltd., a Hyderabad-based defence and aerospace firm, has reconstituted its Board by inducting Lt. Gen. B. S. Raju, Ambassador Nagendra Prasad, and Kartheek Raju. This strategic move aims to bolster governance and support the company'
Godrej EPC Unaffected by West Asia Crisis, Eyes Rs 3,000 Cr Orders
Godrej Enterprises' EPC division remains insulated from West Asia conflicts due to no oil-linked imports. The company eyes a Rs 3,000 crore order book, driven by India's renewable energy push and infrastructure growth.
ICSI Salem Chapter Hosts Professional Programme
The Salem Chapter of ICSI organised a one-day professional programme with 100 participants, featuring sessions on corporate governance and recognition for women and students.
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Thiel Slams Giving Pledge, Urges Billionaires to Withdraw
Billionaire Peter Thiel says The Giving Pledge has 'run out of energy' and is encouraging signatories to reconsider their commitments, citing concerns about philanthropic direction.
Uniqus Consultech Launches Valuations Practice
Uniqus Consultech, a tech-enabled global consulting platform, has launched its Valuations practice to enhance financial reporting and advisory services. The new practice offers comprehensive valuation solutions, leveraging AI technology to support clients
Oil Price Surge Hits India: Upstream Gains, Downstream Pressure
Rising crude oil prices due to Middle East disruptions pressure Indian oil marketing companies' margins, while upstream producers benefit from higher realizations and a weaker rupee.
IT Canteen Crisis: LPG Shortage Forces Lunchbox Return
Major IT firms like Infosys, TCS, and Cognizant have drastically cut canteen services due to LPG shortages from West Asia conflicts, forcing thousands of employees to pack homemade meals.
Investors Back Punjab's Growth: Sanjeev Arora
Punjab's Industry Minister Sanjeev Arora discusses new investments and urban rejuvenation plans, highlighting the state's economic revival and business opportunities.
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India Ramps Up LPG Production 36% to Counter Supply Squeeze
India's domestic LPG production increased by 36% in two weeks to meet cylinder demand, but overall cooking gas availability remains concerning due to Strait of Hormuz disruptions, officials said.
Punjab PSUs Turn from Profit to Heavy Losses in 2022-23
A CAG report reveals Punjab's state-owned companies suffered a sharp decline, with overall profits turning into losses of Rs 4,809.76 crore in 2022-23, largely due to poor performance in the power sector.
PSPCL Revokes Chief Engineer's Suspension After Board Review
Punjab State Power Corporation Limited (PSPCL) has revoked the suspension of Chief Engineer Harish Kumar Sharma following a unanimous board decision. The suspension, initiated last November over alleged fuel management irregularities, was canceled after a
UK's Largest Parking Operator NCP Enters Administration
Britain's National Car Parks (NCP) has entered administration, putting hundreds of jobs at risk and raising questions about the future of its 340 car parks nationwide. The company struggled with pandemic impacts and changing commuter habits.
Verka Booth Norms Change: Fee Hike, Extended Draw in Amritsar
Applicants in Amritsar are confused as Verka Milk Plant alters allotment rules, increasing fees and extending deadlines after forms were submitted with earnest money.
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Reliance Signs $3B Green Ammonia Deal with Samsung C&T
Reliance Industries has signed a binding 15-year agreement with Samsung C&T for green ammonia supply, valued over $3 billion, boosting India's clean energy exports.
UPL Global's Backward Integration to Boost Valuation: InGovern
Proxy firm InGovern reports that UPL Global's demerger will unlock value through backward supply integration, ensuring cost reliability and supply chain resilience in crop protection.
IndiGo Pays Rs 164 Crore in Coupons After Flight Cancellations
Civil Aviation Minister K Rammohan Naidu informed Rajya Sabha that IndiGo has distributed Rs 163.92 crore in travel coupons to over 3.6 lakh passengers affected by mass flight cancellations in early December due to pilot shortage.
India Post Premium Express: Next-Day Guaranteed Delivery
India Post introduces Premium Express Delivery, promising next-day guaranteed delivery for speed post services, enhancing logistics efficiency and customer satisfaction nationwide.
35% Urban Indians Bought Fake Goods Last Year: Report
A new report reveals 35% of urban consumers in India purchased counterfeit products in the past year, with apparel, FMCG, and medicines among the most affected sectors.
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No Fuel or LPG Shortages in India, Says Government
The Indian government confirms adequate crude oil stocks and no dry-outs at fuel pumps or LPG distributorships, while encouraging a shift to PNG connections to ease supply concerns.
Howard Lutnick's Surprise India Visit Sparks Market Buzz
Cantor Fitzgerald CEO Howard Lutnick's unexpected visit to India has ignited speculation about potential financial deals and strategic investments in the Indian market.
Vedanta Raises Rs 2,575 Crore via NCDs for Debt Refinancing
Vedanta Ltd's committee approves raising Rs 2,575 crore through non-convertible debentures to diversify funding and reduce borrowing costs amid strong investor interest.
Bleevo Marks First Brand Anniversary in Chennai
Bleevo, a Chennai-based women-led OOH branding and marketing agency, celebrates its first anniversary. The agency focuses on human-first solutions and has worked with brands like Kaleesuwari and Ramraj.
Rs 1,250 Crore Loan Rating Sparks Buzz for FMCG Firm
A Rs 1,250 crore loan rating for an undisclosed FMCG firm has sparked market buzz, hinting at potential expansion or debt restructuring amid competitive pressures.
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Goldman Sachs: Energy Sector Diverges Amid Middle East Conflict
Goldman Sachs report highlights energy sector divergence due to Middle East conflict: refiners and LNG outperform, while utilities and cleantech lag amid supply disruptions and geopolitical risks.
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