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Adani-owned Ambuja Cements buys south Indian rival for $1.25 bn

Manufacturing

13 June, 2024

Adani-owned Ambuja Cements buys south Indian rival for $1.25 bn

India's Ambuja Cements said on Thursday that it has acquired Penna Cement Industries for an enterprise value of 104.22 billion rupees ......

Reliance's Jio Platforms gets space regulator's nod to launch satellite internet

TMT

13 June, 2024

Reliance's Jio Platforms gets space regulator's nod to launch satellite internet

A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from ......

Saudi wealth fund PIF in talks to create boxing league

Consumer

12 June, 2024

Saudi wealth fund PIF in talks to create boxing league

Saudi Arabia's Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the ......

Ola Electric gets SEBI approval for $660-mn IPO

Consumer

11 June, 2024

Ola Electric gets SEBI approval for $660-mn IPO

Indian e-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering, said ......

Sensex, Nifty end flat ahead of inflation data, Fed policy later this week

Finance

11 June, 2024

Sensex, Nifty end flat ahead of inflation data, Fed policy later this week

Indian shares closed flat on Tuesday, coming off a sharp rise last week, as investors moved on from election related ......

IndiGo's biggest shareholder to offload 2% stake in airline

Infrastructure

11 June, 2024

IndiGo's biggest shareholder to offload 2% stake in airline

IndiGo airline's biggest shareholder will sell a 2% stake worth $394 million in the low-cost Indian carrier on Tuesday, per ......

Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

TMT

11 June, 2024

Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 ......

RBI rejects reappointment of Raj Kumar Bansal as MD, CEO of Edelweiss ARC

Finance

11 June, 2024

RBI rejects reappointment of Raj Kumar Bansal as MD, CEO of Edelweiss ARC

India's central bank has rejected Edelweiss Asset Reconstruction Company's request to reappoint Raj Kumar Bansal as its managing director and ......

Cognizant to buy Belcan for $1.3 bn from PE firm AE Industrial Partners

TMT

10 June, 2024

Cognizant to buy Belcan for $1.3 bn from PE firm AE Industrial Partners

Information technology services provider Cognizant Technologies said on Monday it has agreed to acquire digital engineering firm Belcan for nearly ......

BlackRock appoints MD for UAE, Oman, Bahrain

People

10 June, 2024

BlackRock appoints MD for UAE, Oman, Bahrain

BlackRock on Monday said it hired Mohammad Al Fahim as managing director and head of the United Arab Emirates to ......