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Reliance said in a stock exchange filing on Saturday its industrial investments subsidiary will acquire Cayman Islands-based Columbus Centre Corp (Cayman) for an equity value of approximately $98.15 million. (Reuters Photo)

Reliance to buy control of Mandarin Oriental New York in $98 mln deal

The closing of the transaction is anticipated by the end of March 2022, the company said

9 Jan 2022 3:46 PM IST

There were only three bidders this year -- Airtel, Vodafone Idea and Reliance Jio -- against seven bidders during the last spectrum auction in 2016. (PTI file photo)

Hughes, Airtel form JV to offer satellite broadband services in India

HCIPL has a combined base of over 200,000 VSATs

5 Jan 2022 12:16 PM IST

The company said devices running the legacy services would no longer reliably function, including data, phone calls, SMS and emergency functionality. (Getty images)

Blackberry bids adieu to mobile mart

The Blackberry phones, which had the highly convenient Qwerty keyboards, were a great choice for corporate professionals

5 Jan 2022 8:15 AM IST

Amul to invest Rs 1,500 cr in 2 yrs to set up dairy, edible oil, bakery, potato processing plants. (AFP Photo)

Amul to set up Rs 500 crore plant in Telangana

A Memorandum of Understanding (MoU) was signed in this regard in the presence of industries minister K.T. Rama Rao here

30 Dec 2021 2:51 AM IST

AirAsia India was making all payments as per credit terms on due dates from September 2021. (Photo: AirAsia.com)

Paid all dues to AAI: AirAsia India

An airline has to pay for air navigation, landing and parking among others to the AAI

29 Dec 2021 12:18 PM IST

The Union Health Ministry had announced in June that the Biological E would supply 30 crore doses of Corbevax to India by December. (ANI)

Biological E aims to produce 100 Mn doses/month of Corbevax from Feb...

According to a press release issued by the vaccine maker soon, the company plans to deliver more than one billion...

28 Dec 2021 3:03 PM IST

ITCs renewable portfolio comprises of 138 MW of wind power plants and 14 MW of solar plants with 53 MW of additional solar capacity under execution. (Photo: Agencies)

ITC commissions first off-site solar plant in Tamil Nadu

The company-'s 46 MW wind power plant in Andhra Pradesh serves to over 15 ITC establishments in eight states

28 Dec 2021 1:19 PM IST

One of the biggest beneficiaries of this investment will be the local farmers; the company planning to purchase locally produced raw material directly from them and will increase the realisations to farmers by at least 50 per cent right from day one of operations, it said. Twitter

CenturyPly to set up biggest plant in YSR Kadapa district

The plant is expected to transform the business scenario in the region with the company investing Rs 800 crore in Phase...

25 Dec 2021 8:16 AM IST

The statement said SPNI will have a cash balance of USD 1.5 billion at closing. (Photo: PTI)

Zee Entertainment, Sony Pictures Networks India sign definitive...

The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due...

22 Dec 2021 11:01 AM IST

Indian Oil Corp Ltd, the countrys top refiner, on Wednesday reported its first quarterly loss in more than four years in the March quarter. (AFP Photo)

IOCL acquires 4.93 per cent equity stake in Indian Gas Exchange

The Board of Directors of Indian Oil approved the deal at its meeting held on December 20

21 Dec 2021 2:59 PM IST

The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended. (PTI Photo)

LIC IPO unlikely to take place this fiscal due to delay in valuation

Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh...

19 Dec 2021 1:08 PM IST

Sabeer Ahluwalia (on the left) with Neil Shaw. (DC Image)

Eastern India gets a private jet club - Yaqoot Air Charter

The private jets will provide air strips in exotic locations that are usually not covered by regular airlines

18 Dec 2021 4:12 PM IST