NEWS
Hyperloop One ceases operations after failing to secure contracts
22 Dec 2023
In a significant development, Hyperloop One, the high-speed freight transportation company based in Los Angeles, U.S., is set to shut down.
ISRO: Triumphs and milestones of 2023
22 Dec 2023
In 2023, the Indian Space Research Organization (ISRO) will have achieved remarkable milestones, solidifying its position in the field of space exploration. Notably, the successful launch of Chandrayaan-3 marked a pivotal moment, showcasing India’s prowess in lunar missions.
Zomato denies an acquisition offer for Shiprocket amidst market speculation
22 Dec 2023
In response to recent reports suggesting a potential $2 billion acquisition offer for delivery platform Shiprocket, Zomato has strongly denied the claims.
Tata’s Harrier and Safari awarded 5-star rating in maiden Bharat-NCAP crash test
22 Dec 2023
Two home-grown sports utility vehicles – the new Harrier and Safari models of Tata Motors – have been given 5-star safety ratings in the maiden crash-tests conducted by the newly-established Bharat New Car Assessment Programme vehicle safety assessment programme.
Zomato explores a $2 billion acquisition of Shiprocket
21 Dec 2023
In a strategic move, Zomato, the renowned food delivery platform spearheaded by Deepinder Goyal, is eyeing the acquisition of Shiprocket, a prominent e-commerce shipping startup.
LIC gets a 10-year exemption from the 25% public shareholding rule
21 Dec 2023
In a significant development, the state-owned Life Insurance Corporation of India (LIC) announced on Thursday, 21 December 2023, that it has secured a one-time exemption from the Finance Ministry regarding the 25% public shareholding rule.
Adani plans a $1 billion boost for the renewable energy arm
21 Dec 2023
In a strategic move to accelerate its green energy ambitions, billionaire Gautam Adani and his family are set to inject $1 billion into Adani Green Energy Ltd.
Toyota announces a global recall of 1.12 million vehicles due to airbag concerns
21 Dec 2023
In a press statement released on Wednesday, 20 December 2023, Toyota Motors declared its decision to recall 1.12 million vehicles globally, citing potential issues with airbag deployment linked to a short circuit in a sensor.
IMF projects India’s GDP growth at 6.3% in FY24-25
21 Dec 2023
The International Monetary Fund (IMF) has projected India’s real GDP to grow at 6.3 per cent in the current financial year (2023-24) and the next fiscal year (2024-25), supported by macroeconomic and financial stability.
CCI approves Nirma’s acquisition of 75% stake in Glenmark Life Sciences
21 Dec 2023
The Competition Commission of India (CCI) has approved acquisition of majority shareholding of Glenmark Life Sciences (GLS) Limited by the Nirma Limited.
Warner Bros. Discovery CEO explores potential deal with Paramount Global
21 Dec 2023
In a strategic move within the entertainment industry, Warner Bros. Discovery CEO David Zaslav recently engaged in talks with Paramount Global CEO Bob Bakish.
India remains on top with $125 bn inward remittances
20 Dec 2023
India continues to be the largest recipient of overseas remittances, with inward flow of $125 billion in 2023, a 12.3 per cent surge
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