Category : Corporate News


Mumbai LPG Shortage Hits Restaurants, Domestic Delays Reported

Mumbai and MMR experience LPG cooking gas shortages with 2-3 day delays for domestic refills. Commercial cylinder supply halted, sparking crisis for hotels and restaurants. Government denies domestic shortage but confirms commercial restrictions.

Rs 116 Crore IDFC Fraud Hits Chandigarh MC After Haryana

A major financial fraud involving Rs 116 crore has surfaced in the Chandigarh Municipal Corporation, following similar scams in Haryana. Authorities are investigating the alleged misappropriation linked to the Infrastructure Development Finance Company.

Reliance Buys 6M Barrels of Russian Oil for March

Reliance Industries has purchased 6 million barrels of Russian Urals crude oil for March delivery, with prices ranging from a $1 discount to a $1 premium against dated Brent, according to a Reuters report.

Nvidia Links CEO's $4M Bonus to 2027 Revenue Goals

Nvidia has introduced a new variable compensation plan for CEO Jensen Huang, linking a $4 million cash bonus to specific revenue targets for fiscal 2027, reflecting its pay-for-performance strategy.

Indian Cement Cartel Exposed After 12 Years of Collusion

The Competition Commission of India reveals a 12-year cement cartel involving Dalmia Cement and Shree Digvijay, with India Cements implicated in the final years. The investigation uncovered coordinated pricing practices.

Tech Mahindra Denies Mass Layoff Rumors, No Major Cuts

Tech Mahindra has officially denied rumors of mass layoffs, stating there is no proposal for significant headcount reduction. The company reaffirms its commitment to workforce stability amid industry speculation.

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