Business

Reliance Consumer Products Partners with Sri Lanka’s Elephant House for Beverage Expansion in India

Reliance Consumer Products (RCPL) has solidified a strategic partnership with Elephant House, a prominent Sri Lankan beverage manufacturer. This collaboration aims to introduce, market, distribute, and sell Elephant House brand beverages throughout India, thereby augmenting RCPL's beverage offerings. Elephant House...

Tata Sons Announces Sale of 0.6% Stake in TCS for Over ₹9,300 Crore

Tata Sons, aiming to alleviate its debt, plans to sell 0.65% equity in Tata Consultancy Services (TCS) for ₹9,362.3 crore. This move precedes a potential IPO, with related stocks rallying. TCS dividends, contributing 95% of FY23 revenue, highlight its strategic...

Adani Green Energy operationalises 126 MW wind power plant in Gujarat

Adani Green Energy announced the operationalisation of an additional 126 MW capacity in its 300 MW wind power project in Gujarat. This comes after the earlier operationalisation of 174 MW, marking a significant milestone for the company. Key Points: Expansion...

Food regulator FSSAI certifies nearly 100 jails as ‘Eat Right Campus’

The Food Safety and Standards Authority of India (FSSAI) has certified nearly 100 jails across the nation as 'Eat Right Campus,' a part of its broader Eat Right India movement. This initiative aims to ensure safe, healthy, and sustainable food...

Reliance to buy 13% of Paramount’s stake in Viacom18 for Rs 4,286 crore

Reliance Industries, India's largest private company, has announced its acquisition of Paramount Global's entire 13.01% stake in Viacom 18 Media for Rs 4,286 crore ($517 million). This significant transaction underscores Reliance's strategic positioning in the media industry, further solidifying its...

Numaligarh Refinery Opens First Overseas Office In Bangladesh

India’s Numaligarh Refinery Limited (NRL) opens its first overseas office in Dhaka, Bangladesh, signaling its commitment to international expansion and stronger regional ties. High Commissioner of India to Bangladesh, Pranay Verma, inaugurates NRL’s liaison office in the presence of NRL...

Tata Motors To Establish Rs 9,000 Crore Manufacturing Unit In Tamil Nadu

In a strategic move to bolster its production capacity in South India, automaker Tata Motors has announced plans to set up a new manufacturing unit in Tamil Nadu. With an investment of Rs 9,000 crore over the next five years,...

PM Modi Lays Foundation Stone of three Semiconductor Facilities worth 1.25 Lakh Crore

Prime Minister Narendra Modi inaugurated three semiconductor projects virtually, with a combined investment of approximately Rs 1.25 Lakh Crore. These projects signify a significant step towards bolstering India's semiconductor industry. The three facilities include a semiconductor fabrication unit in Dholera,...

Tata Power Solar Completes India’s Largest Solar And Battery Energy Storage Systems Project

Tata Power Solar Systems Limited (TPSSL), a fully integrated solar company in India and a subsidiary of TPREL (Tata Power Renewable Energy Limited), has achieved a significant milestone by completing the country’s largest Solar and Battery Energy Storage Systems (BESS)...

Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFC

Aditya Birla Capital's decision to merge with its wholly-owned subsidiary, Aditya Birla Finance, is poised to reshape the NBFC landscape in India. This strategic move not only consolidates their financial services arm but also aligns with RBI's regulations, avoiding the...