Business

Petroleum Ministry Approves ONGC’s Green Energy Unit

The Ministry of Petroleum and Natural Gas has granted approval for the formation of a subsidiary company by the Oil and Natural Gas Corporation Limited (ONGC), dedicated to the green energy and gas sector. This significant move was announced during...

Competition Commission of India Greenlights JSW Group’s 38% stake buy in MG Motor India

The Competition Commission of India (CCI) has given the nod to significant business transactions, signaling a shifting landscape in the corporate sector. Among the approved deals is the JSW Group's strategic move to acquire a substantial 38% stake in MG...

India’s First Self-Made Aircraft Seat Unveiled At Wings India 2024

  In a significant milestone for the Indian aviation industry, Timetooth, a Bengaluru-based engineering company, has unveiled India's first-ever domestically manufactured aircraft passenger seat at the Wings India 2024 event. This groundbreaking development marks a departure from the industry norm,...

AIIB Invests $58.4 Million in India’s Largest Renewable Energy InvIT

The Asian Infrastructure Investment Bank (AIIB) has infused INR 4.86 billion (about USD 58.4 million) into Sustainable Energy Infra Trust (SEIT), India's largest Renewable Energy Infrastructure Investment Trust (InvIT). SEIT, supported by Mahindra Susten Private Limited and Ontario Teachers’ Pension...

Sony Terminates $10 Billion Merger Deal with Zee Entertainment

On January 22, Sony issued a notice terminating the merger agreement with Zee Entertainment Enterprises Ltd. (ZEEL) and Culver Max Entertainment Private Limited (CME), formerly known as Sony Pictures Networks India Private Limited. The $10-billion deal, signed on December 22,...

Maharashtra Secures Investments of Rs 3.53 Trillion at Davos

In a significant stride towards its ambitious goal of becoming a USD 1 trillion economy, Maharashtra Chief Minister Eknath Shinde announced the signing of 19 Memoranda of Understanding (MoUs) during his visit to the World Economic Forum Annual Meeting in...

PM Modi Inaugurates Boeing’s Global Engineering & Technology Centre Campus near Bengaluru

On January 19, Prime Minister Narendra Modi inaugurated Boeing's state-of-the-art global engineering and technology centre campus near Bengaluru. The Boeing India Engineering and Technology Centre (BIETC) campus, situated at Hightech Defence and Aerospace Park in Devanahalli, boasts a significant investment...

Adani Group Announces Rs 50,000 Crore Investment for 1 GW Data Centre in Maharashtra

In a major development at the World Economic Forum 2024, the Adani Group unveiled plans to invest Rs 50,000 crore over the next decade in establishing a 1 GW hyperscale data centre in Maharashtra. The conglomerate's flagship company, Adani Enterprises...

Apple Surpasses Samsung as Top Smartphone Maker for the First Time Since 2010

In a significant industry shift, Apple Inc.'s iPhone has outpaced Samsung Electronics Co. devices, securing the title of the best-selling smartphone series in 2023. This marks the first time since 2010 that Samsung has conceded the top spot in the...

TCS ranked second most valuable IT brand in global list

Tata Consultancy Services (TCS), a prominent name in the global IT services sector, has achieved a significant milestone by being rated the second most valuable IT services brand in the world, according to the 2024 Global 500 IT Services Ranking...