AGR Relief Boosts Vodafone Idea Outlook, Debt Burden Eases but Risks Remain
Citi Research says Vodafone Idea's AGR relief improves its outlook, easing debt burden, but risks remain due to high leverage and competitive pressures.
Category : Corporate News
Chanakya University New Block; Pradhan on Higher Ed Reforms for Viksit Bharat 2047
Chanakya University inaugurated a new academic block. Union Minister Dharmendra Pradhan emphasized India's higher education transformation towards Viksit Bharat 2047.
Faith Economy Goes Digital: Dharma Stack Co-Built
Innovations Venture Studio partners with Swadharma (formerly 3ionetra) to co-build the Dharma Stack, digitizing India's faith economy for streamlined religious services and donations.
NCLAT Backs Adani, Rejects Vedanta in Jaypee Insolvency
The NCLAT has upheld the Adani Group's bid for Jaypee Infratech, dismissing Vedanta's plea. This clears the path for Adani to acquire the debt-laden realty firm.
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India Manufacturing PMI Edges Up to 54.7 in April
India's manufacturing PMI increased to 54.7 in April, marking the second slowest improvement in operating conditions in four years, according to HSBC.
Sun Pharma Eyes Speciality Drug Future with Organon Buy
Sun Pharma's acquisition of Organon's women's health and biosimilar portfolio signals a strategic shift towards high-margin speciality drugs, aiming to reduce reliance on generic drug sales and boost global presence.
GameStop CEO Offers $56B to Buy eBay
GameStop CEO Ryan Cohen has made an unsolicited $56 billion offer to acquire eBay, aiming to turn it into a major Amazon competitor. The offer includes cash and stock, with Cohen citing synergies in collectibles and live commerce.
Market Opens Strong: Sensex Surges 343 Points, Nifty Above 24,050
Indian stock markets opened positively with Sensex gaining 343 points and Nifty crossing 24,050. Crude oil prices remained steady as investors eye assembly election results.
Global Oil Supply Gap of 4.8 mbpd May Boost OMCs Margin
A global crude oil supply gap of 4.8 million barrels per day could lead to demand destruction and improve margins for oil marketing companies, according to a report.
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New Labour Codes Reduce Net Salaries: Companies Issue Explainer
New labour codes lead to moderate dip in take-home salaries as PF and gratuity contributions rise. Companies like SAP India offer one-time uplift to offset reduction.
India to Become Top 5 Market for Nestlé in 5 Years
Nestlé India aims to break into top five global markets in five years, driven by scale, demographics, and growth. CMD Manish Tiwary discusses Q4 performance, input costs, and demand outlook.
Tata Trusts Face Internal Rift Over IPO and Director Appointments
Tata Trusts' boardrooms face a May 8 meeting to review nominee directors amid a debate over Tata Sons' IPO, with Noel Tata opposing and Venu Srinivasan favoring listing.
Air India CEO Race Narrows to Four Candidates
The selection for Air India's next CEO has narrowed to four candidates, including Nipun Aggarwal and Vinod Kannan. The board may meet on Thursday to decide, as delays impact the airline's turnaround.
Chandigarh Admin Proposes Punjab Right to Business Model
The Chandigarh Administration has proposed adopting the Punjab Right to Business model to streamline business processes, reduce red tape, and improve ease of doing business in the city.
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GU Approves Deficit Budget of Rs 48.8 Crore in Final Meet
Gujarat University's board of management and executive council held their final meeting, approving a deficit budget of Rs 48.8 crore for 2026-27 and new academic courses.
Dharashiv DCC Bank to Sell 93 Acres of Terna Sugar Factory Land
The Dharashiv DCC Bank approved selling 93 acres of Terna sugar factory land to recover Rs 312 crore in defaulted loans amid a liquidity crisis.
US Lifts Travel Ban for Foreign Doctors Already in Country
The Trump administration quietly exempted physicians from its travel ban on 39 countries, allowing foreign doctors already in the US to continue working and processing visas.
Punjab wheat procurement nears completion, 98% arrived
Punjab's wheat procurement is in its final phase, with over 98% of the estimated 122 lakh tonnes arriving in mandis. Of 119.9 lakh tonnes received, 99% has been procured, but lifting remains slow at 56%.
Fed Warns Private Credit Stress Could Trigger Contagion
Federal Reserve Governor Michael Barr warned that stress in the private credit market could cause psychological contagion, potentially spilling into the broader financial system.
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Coastal Karnataka's road and rail upgrades at KCCI forum
Key infrastructure upgrades in coastal Karnataka, including NH-75 and NH-66 improvements, railway electrification, and a proposed bypass, were discussed at the Kanara Chamber of Commerce and Industry's forum.
Delhi-NCR Office Leasing Falls 28% in Q1 2025
Delhi-NCR office market saw gross leasing drop 28% to 3 million sq ft in Q1 2025 due to lower new supply. Net leasing fell 60%. Long-term outlook remains strong.
BCCL Accident: Compensation Agreed for Victims' Families
Following the death of four workers buried in coal slurry at a BCCL washery, protests led to a tripartite meeting. Compensation of Rs 20 lakh and a job for each family was agreed.
Centre to Approve Rs 37,500 Crore Coal Gasification Scheme
The Centre is set to approve a Rs 37,500 crore scheme to promote coal gasification, aiming to reduce imports and boost clean coal technology.
India Ramps Up Raids to Curb LPG Hoarding Amid West Asia Tensions
India has increased raids on hoarders to stabilize LPG supply as West Asia tensions threaten imports. The government assures adequate stock and price stability.
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West Bengal 2026 Polls: Sectors That May Be Affected
The 2026 West Bengal elections could impact key sectors like industry, agriculture, and services. Policy changes and political uncertainty may influence investment and growth.
PR Society Delhi Elects New Board Unopposed for 2026-28
The Public Relations Society of India (PRSI) Delhi Chapter has elected its new governing board unopposed for the 2026-28 term, with GS Bawa taking charge as chairman.
Harvard Resumes Merit-Based Salary Increases After Cuts
Harvard University will allow schools to resume merit-based salary increases for the 2026-27 fiscal year, signaling partial recovery after federal funding cuts and austerity measures.
Central Railway Starts Auto Freight from Igatpuri
Central Railway has commenced its first automobile freight operations from Igatpuri, loading 100 cars in 25 specially designed NMG wagons for safe and efficient transport.
Nestle India Flags Volatile Input Costs, Cautious on Geopolitics
Nestle India flags input cost volatility amid geopolitical uncertainties, but remains focused on volume-led growth, rural expansion, and cost efficiencies for FY27.
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Mobile Money Payments Hit $2 Trillion in 4 Years
Mobile money transactions have doubled to $2 trillion in four years, driven by a surge in digital payments globally, according to a new report.
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