GAIL Injects Rs 2,100 Crore in JBF Petrochemicals
India’s largest natural gas company GAIL has injected Rs 2,100 crore into privately insolvent chemical company JBF Petrochemicals Ltd, which it acquired in bankruptcy proceedings....
Category : BUSINESS
Tata Elxsi Collaborates with Cultos Global to Integrate NFT with Cloud Platform
Tata Elxsi has partnered with Cultos Global to compile a blockchain mechanism with its TETHER Connected Vehicle Platform (TCVP) for a driver rewards programme. Tata Elxsi’s TCVP...
SpiceJet Ordered to Pay Rs 380 Crore to Kalanithi Maran
Indian domestic budget airline SpiceJet has been ordered by the Delhi High Court to pay Rs 380 crore, an interest liability, to Kalanithi Maran, the...
Bankrupt Go First Submits 6-month Revival Plan to DGCA
Go First Airline’s Interim Resolution Professional (IRP) submitted a six-month revival plan to the Directorate General of Civil Aviation (DGCA) on June 2. Its operations...
UPI Transactions Hit Record High of Rs 14.3 Trillion In May, Surge in 10 Days
In May, the value and volume of Unified Payments Interface (UPI) transactions hit a new high of Rs 14.3 trillion and Rs 9.41 billion, respectively....
RBI Launches ‘100 Days 100 Pays’ Campaign to Return Unclaimed Deposits
The Reserve Bank of India (RBI) launched the ‘100 Days 100 Pays’ campaign on June 1 to track and resolve the top 100 unclaimed deposits...
NCLT Rejects DHL’s Insolvency Plea Against Eicher Over Unpaid Dues
The National Company Law Tribunal (NCLT) on May 29 dismissed an insolvency plea by DHL Supply Chain Limited against Royal Enfield bicycle maker Eicher Motors...
Xiaomi Partners With Optiemus to Deepen Local Soucing in India
Xiaomi India has inked a contract with Indian homegrown brand Optiemus Electronics Ltd. (OEL) to manufacture audio products in India, marking the first time an...
SVJN Gets Approval to Set up Another Hydropower Project in Nepal
One of India’s Mini Ratnas, Satluj Jal Vidyut Nigam Limited (SVJN) has received approval from the Investment Board Nepal (IBN) to develop a second hydropower...
Ola Electric Commences Construction of India’s To-be Largest Battery Cell Gigafactory
The CEO of EV producer Ola Electric, Bhavish Aggarwal announced the commencement of construction at the company’s first battery cell gigafactory in Krishnagiri, Tamil Nadu...