Corporate finance

Hindustan Unilever faces Rs 447.5 crore GST demands and penalties

02 Jan 2024

Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.

Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel

27 Dec 2023

The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.

Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel

27 Dec 2023

The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.

Vedanta Resources Ltd. secures $1.25 billion for debt refinancing and credit facilities

14 Dec 2023

In a strategic move, Vedanta Resources Ltd., the parent company of Vedanta Ltd., has successfully secured $1.25 billion from private lenders for debt refinancing and a new credit facility.

Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns

14 Dec 2023

In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.

SpiceJet plans to raise Rs2,250-cr through private placement

14 Dec 2023

The board of directors of SpiceJet has approved a proposal to raise around Rs2,250 crore, through the issuance of equity shares/equity warrants under a private placement basis to various investors.

Meta CEO Zuckerberg sells over 560,000 shares amid stock surge

05 Dec 2023

Meta’s Chief Executive, Mark Zuckerberg, has offloaded a significant number of shares despite the social media giant’s stock surging to nearly a two-year peak in November 2023.

The U.S. government probed Hindenburg claims before $553 million Adani loan

05 Dec 2023

The U.S. government has dismissed the corporate fraud allegations made by short-seller Hindenburg Research against Indian billionaire Gautam Adani.

Major U.S. health insurers Humana and Cigna set to enter merger discussions

30 Nov 2023

Cigna, a major health insurer in the U.S. healthcare sector, is reportedly engaged in discussions for a merger with its peer, Humana.

Alipay exits India: Chinese payment giant to sell Zomato stake for nearly $400 million

29 Nov 2023

Alipay, the Chinese payments group, is set to divest its 3.4% stake in the Indian food delivery powerhouse Zomato for an estimated sum of almost $400 million.

Alipay exits India: Chinese payment giant to sell Zomato stake for nearly $400 million

29 Nov 2023

Alipay, the Chinese payments group, is set to divest its 3.4% stake in the Indian food delivery powerhouse Zomato for an estimated sum of almost $400 million.

Alipay exits India: Chinese payment giant to sell Zomato stake for nearly $400 million

29 Nov 2023

Alipay, the Chinese payments group, is set to divest its 3.4% stake in the Indian food delivery powerhouse Zomato for an estimated sum of almost $400 million.

Alipay exits India: Chinese payment giant to sell Zomato stake for nearly $400 million

29 Nov 2023

Alipay, the Chinese payments group, is set to divest its 3.4% stake in the Indian food delivery powerhouse Zomato for an estimated sum of almost $400 million.

Alipay exits India: Chinese payment giant to sell Zomato stake for nearly $400 million

29 Nov 2023

Alipay, the Chinese payments group, is set to divest its 3.4% stake in the Indian food delivery powerhouse Zomato for an estimated sum of almost $400 million.

Adani Group nears Rs 11 lakh crore market cap amid ongoing investigation in the Adani-Hindenburg case

28 Nov 2023

In a remarkable market recovery witnessed on Tuesday, 28 November 2023, shares of various Adani Group entities, propelled the market capitalization of the Gautam Adani-led conglomerate close to the Rs 11 lakh crore mark.

The U.S. Appeals Court grants a favorable ruling to chemical manufacturers in the PFAS lawsuit

28 Nov 2023

The U.S. 6th Circuit Court of Appeals, based in Cincinnati, Ohio, delivered a favorable ruling on Monday, November 27, 2023, for 3M, E.I. du Pont de Nemours and Co.,

Enforcement Directorate raids DLF premises in money laundering probe involving Supertech Group

25 Nov 2023

The Enforcement Directorate (ED) has conducted extensive searches at the premises of DLF in Gurugram.

Hero Electric aims to resolve Rs 140 crore penalty imposed by MHI

24 Nov 2023

Hero Electric has urged the government to resolve the ongoing dispute concerning the Rs 140 crore penalty imposed by the Ministry of Heavy Industries (MHI).

Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

IndiGo's parent company, InterGlobe Aviation, set to contest tax claims exceeding Rs 1,666 crore

23 Nov 2023

IndiGo’s parent company, InterGlobe Aviation, stated on Wednesday, November 22, 2023, that they would challenge tax demands worth over Rs 1,666 crore.

Blackstone to close their multi-strategy fund following a 90% drop in assets

22 Nov 2023

According to reports from Tuesday, 21 November 2023, Blackstone is planning to close a fund that exposes its investors to a variety of hedge funds and trading strategies.

Blackstone to close their multi-strategy fund following a 90% drop in assets

22 Nov 2023

According to reports from Tuesday, 21 November 2023, Blackstone is planning to close a fund that exposes its investors to a variety of hedge funds and trading strategies.