NEWS
CMA CGM acquires 48% stake in Brazil port terminal operator Santos Brasil
23 Sep 2024
French shipping giant CMA CGM has acquired 48 per cent stake in Brazilian port terminal operator Santos Brasil Participacoes, for about $1.15bn
Chandrayaan-4 mission to demonstrate technologies for safe return from Moon
23 Sep 2024
India last week announced four planned space missions, including one to planet Venus, a fourth mission to Moon and building an Indian Space Station and finally taking an Indian to and from the Moon
Anil Ambani invests Rs1,104 cr as Reliance Infra achieves debt-free status
23 Sep 2024
Anil Ambani has made a spectacular comeback with fresh equity investment in Reliance Infrastructure after the company along with Reliance Power achieved debt-free status by clearing around Rs8,000 core debt.
New blast furnace ups crude steel capacity at Tata Steel Kalinganagar by 5 million tonnes
22 Sep 2024
Tata Steel on Friday commissioned a 5 million tonnes per annum capacity blast furnace at Kalinganagar, Orissa, raising the plant’s crude steel capacity to 8 million tonnes from 3 million tonnes.
OYO to acquire G6 Hospitality from Blackstone for $525 m in cash
22 Sep 2024
Oravel Stays, the parent company of hospitality and travel technology company OYO, has agreed to acquire economy lodging franchisor G6 Hospitality, the parent company of Motel 6 and Studio 6 brands
Tata Motors, Tata Power team up for setting up commercial vehicle charging stations
22 Sep 2024
Tata Power EV Charging Solutions Limited, a subsidiary of Tata Power Ltd, has signed a memorandum of understanding (MoU) with group company Tata Motors Ltd
Tata Steel secures £500 m UK govt grant for green steel initiative at Port Talbot
21 Sep 2024
Tata Steel has secured a £500 million grant from the UK government for the construction of an electric arc furnace at its Port Talbot steel plant in Wales
CCI finds Amazon and Flipkart favouring select phone makers like Samsung and Xiaomi
20 Sep 2024
The Competition Commission of India (CCI) has found e-market places Amazon and Flipkart to be colluding with select smartphone makes such as Samsung, Xiaomi and other major companies
Cabinet accepts recommendations on simultaneous elections
20 Sep 2024
The union cabinet has accepted the recommendations of the high-level committee chaired by former President Ram Nath Kovind recommending simultaneous elections
Cabinet approves extension of MSP, price stabilisation schemes till 2025-26
20 Sep 2024
The union cabinet has decided to continue with the schemes under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) that ensure remunerative prices
India to explore Venus for better understanding of planetary geology
20 Sep 2024
A meeting of the union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a mission to explote planet Venus and the development of a spacecraft for the mission
US Fed cuts interest rate by 50 bps to balance risks to economy
19 Sep 2024
The US Federal Reserve on Thursday announced a 50 percentage point reduction in its key interest rate in a bid to ensure that the economic goals, including employment and inflation rate roughly are in balance.
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