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CATEGORY

Company Updates

Xiaomi India Appoints Sudhin Mathur as New Chief Operating Officer

In Short:Xiaomi India has appointed Sudhin Mathur as its new COO. With a strong background from Sony Ericsson and LG Mobiles, Mathur aims to...

ITI and SEPC Secure Development Contracts in Bihar

In Short:Bihar has awarded two major development projects worth over ₹480 crore. ITI Limited will supply 100,000 solar street lights for ₹300 crore, enhancing...

Govt Unveils Draft Guidelines for Payment Security and Financial Aid in PM Surya Ghar

In Short:The Ministry of New & Renewable Energy (MNRE) has proposed guidelines for financial assistance related to rooftop solar installations under the PM Surya...

GMR Group Acquires 10% Stake in Delhi Airport, Fraport Exits India

In Short:GMR Group is buying a 10% stake in Delhi International Airport Ltd from Fraport AG for about ₹1,058 crore ($126 million), raising its...

Carrefour Launches Strategic Return to India Through Exclusive Franchise Deal

In Short:Carrefour is returning to India through a franchise deal with Apparel Group. They plan to launch Carrefour's exclusive brands, starting in North India...

Tata Sons Allocates ₹10,000 Crore for Arms Investment in FY24

In Short:In FY24, Tata Sons invested nearly ₹10,000 crore in various subsidiaries, including Tata Projects and Tata Electronics, focusing on growth and capital needs....

Elon Musk Announces SpaceX’s Plan to Launch First Starships to Mars in 2 Years

In Short:SpaceX plans to launch its first uncrewed Starships to Mars in two years to test landing reliability, as announced by Elon Musk. If...

ED Seizes ₹5,115 Crore in Properties Linked to Amtek Group Loan Fraud

In Short:The Enforcement Directorate (ED) has attached assets worth over ₹5,000 crore as part of an investigation into a bank loan fraud by the...

Godfrey Phillips Shareholders Support Bina Modi’s Reappointment as MD

In Short:At Godfrey Phillips India's Annual General Meeting, nearly 87% of shareholders voted to reappoint Bina Modi as Managing Director, despite ongoing family inheritance...

Veritas Finance joins Unicorn ranks with ₹240 crore funding boost

In Short:Veritas Finance, a Chennai-based lender for micro and small businesses, has become a unicorn with a valuation of ₹8,500 crore after raising ₹240...

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