Ola Electric on Saturday said it is investigating the incident of its electric scooter catching fire in Pune and will take appropriate action. A video of the company's electric scooter catching fire has been widely circulated on social media with users raising questions over the safety standards of the vehicle. Reacting to the incident, Ola [...]
Rakesh Jhunjhunwala-backed airline Akasa Air is all set to roll out its commercial operation from June, its CEO Vinay Dube has said here. Speaking at an interactive session on the sidelines of Wings India 2022, Dube on Friday said the airline hopes to have a fleet of 72 aircraft in the next five years. "We [...]
Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order," Reliance [...]
Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing. The transaction will be executed at a price of Rs 187.88 per share. "...pursuant to the above referred agreement dated February 25, 2022 entered inter alia into between [...]
Markets regulator Sebi on Friday imposed penalties on three individuals for violation of insider trading norms in the shares of Titan Company Ltd during the April 2018 to March 2019 period when they were designated employees. A fine of Rs 1 lakh each has been imposed on G S Saravanan, Ashik M P and V [...]
FMCG major Emami on Friday said it has acquired the 'Dermicool' brand from Reckitt for a total consideration of Rs 432 crore. The acquisition is funded through internal accruals and is subject to the customary closing conditions, the company said in a statement. The Dermicool brand is popular for providing respite from the prickly heat [...]
India's sugar export is estimated to rise by 7 per cent to 75 lakh tonnes in 2021-22 marketing year ending September, the government said in the Rajya Sabha on Friday. In a written reply to the Rajya Sabha, Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti said: "As a result of various [...]
Expressing concern over unregulated virtual digital assets such as cryptocurrencies, Congress MP Gaurav Gogoi on Friday said the government should come out with legislation soon to prevent their misuse for purposes such as terror financing and drug smuggling. The government is still sending mixed signals on virtual digital assets and there should be clarity on [...]
Country's largest mortgage lender HDFC Ltd has sold over 28.89 lakh shares held in Hindustan Oil Exploration Ltd (HOEC) during July 2021 to March 2022 for Rs 61 crore. Out of 1,15,72,786 equity shares of Rs 10 each held by the Corporation in Hindustan Oil Exploration Company Ltd (HOEC), the Corporation has sold 28,89,638 shares [...]
Internet company Glance InMobi has acquired Indian gaming company Gambit Sports for an undisclosed amount as part of its plan to build the biggest platform for NFT-based live gaming experiences across markets. Glance Games, a lock screen gaming platform of Glance, claims to have over 45 million monthly active users across Asia, with close to [...]
