Abu Dhabi’s IHC invests ₹15,400 crore in Adani companies

Based in Abu Dhabi, IHC has invested ₹3,850 crore each in three Adani portfolio companies – Adani Green Energy Ltd. (AGEL), Adani Transmission Ltd. (ATL) and Adani Enterprises Ltd. (AEL). Based in Abu Dhabi, IHC has invested ₹3,850 crore each in three Adani portfolio companies – Adani Green Energy Ltd. (AGEL), Adani Transmission Ltd. (ATL) […]

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Important indices rise by more than 2.5%, LIC debuts below issue price

A security guard walks past logos of Life Insurance Corporation of India (LIC) and BSE at the BSE building in Mumbai, India, May 17, 2022. | Photo credit: NIHARIKA KULKARNI Major benchmark stock indexes rose more than 2.5% on Tuesday after recovering, helped by favorable signals. The S&P BSE Sensex gained 1,344.63, or 2.54%, to […]

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Twitter’s deal account shows Musk signing without looking for more information

Submitted proxy statement shows billionaire rushing to close deal, contrary to current stance Submitted proxy statement shows billionaire rushing to close deal, contrary to current stance Twitter Inc. on Tuesday released its report on the deal negotiations with Elon Musk, showing that it chose not to ask the questions about the social media company’s business, […]

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Kerala HC reverses BPCL order banning employees from enrolling in post-retirement healthcare scheme

The petitioners pointed out that the system was introduced with a view to occupational risks arising from employment The petitioners pointed out that the system was introduced with a view to occupational risks arising from employment The Kerala High Court has ordered Bharat Petroleum Corporation Limited (BPCL) to continue offering the Post Retirement Medical Benefit […]

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HDFC unveils spot home loan offer on WhatsApp

The mortgage bank HDFC Ltd. has announced “Spot Offer on WhatsApp”, a platform that will allow potential borrowers to get approval for a home loan, in principle, instantly. HDFC has partnered with Cogno AI to develop the solution, built on the WhatsApp Business Platform, to offer conditional home loan approval in minutes, the lender said. […]

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OTT company MX Player aims to increase user base by 50 million

OTT firm MX Player, which offers users free web series, music, games and short videos, aims to grow its domestic user base by 50 million to 250 million (25 crore) this year, a top Manager. It is a free downloadable ecosystem app where most people can enjoy content in multiple languages ​​for free. This year […]

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PM inaugurates the country’s first 5G testbed

Prime Minister Narendra Modi on Tuesday inaugurated the country’s first 5G testbed, which will allow startups and industry players to test their products on-site, reducing dependency on overseas facilities. Speaking at the Silver Jubilee celebrations of India’s Telecoms Regulatory Authority (TRAI), the Prime Minister said the 5G testbed, which has been set up at a […]

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Russia Jumps to Fourth as India’s Oil Supplier: Tanker Data

Russia became India’s fourth-largest oil supplier in April, with volumes set to rise further in the coming months as low prices boost demand from the world’s third-largest oil consumer and importer, tanker tracking data showed. Russia’s share of India’s oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up […]

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