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Industry body withdraws case after IOCL cancels green-hydrogen tender The Independent Green Hydrogen Producers Association had accused IOCL of having a conflict of interest in the tender and favouring its joint-venture company GH4India Pvt Ltd.

Purplle plans offline push as it looks to raise $100 million from Abu Dhabi Investment Authority The fundraise is expected to take place in the coming months and may be a part of the company’s pre-IPO round, a source told Mint.

NCLAT reserves order on IDBI, Axis Bank pleas against Zee-Sony merger The appellate tribunal will decide on 15 April whether the challenges to legal sanction of the Zee-Sony merger could be heard when the merger itself has been called off

Byju’s seeks arbitration over NCLT trial in dispute with investors Investors have alleged that the edtech firm has violated the tribunal’s order, which prohibited Byju's from issuing shares to participants in the rights issue without first expanding its authorized share capital

Vodafone Idea's ₹20,000-crore FPO likely next week It is learnt to have appointed Axis Bank, Jeffries Group and State Bank of India as lead bankers for managing the share sale, and a price band may be fixed early next week, which will likely be at a discount to the current price.

Vedanta stock up over 3% after board approves fundraising of ₹2,500 crore via debt securities Vedanta said that the fundraise will take place through the issue of non-convertible debentures on a private placement basis, said the board at its meeting held earlier today

Former JSW Sports CEO launches ₹350 cr sports tech, gaming fund A Sebi-registered category-II alternative investment fund, CCC will soon launch an offshore feeder fund in Gift City to raise capital from international investors

SingleInterface raises $30 mn from PayPal, Asia Partners The company said it will use the capital infusion to extend its reach worldwide, and to continue deepening its portfolio of hyperlocal marketing, engagement, and commerce products.

Westbridge Capital likely to double down on Rapido A successful capital raise would bolster Rapido's resources for expansion and growth in a competitive market

Vistara crisis: From roster revision to slashing daily operations, airline CEO unveils plan to address pilot shortage Tata Group's Vistara airline grapples with pilot shortage as some protest pay changes before Air India merger. CEO addresses concerns, plans to revise roster to ease pilot...

HDFC Bank share price gains 3% as Q4 gross advances rise 55% YoY to ₹24.69 lakh crore; deposits grow 26% HDFC Bank’s deposits aggregated to approximately ₹23.80 lakh crore in Q4FY24, increasing by 26.4% YoY and 7.5% QoQ. Retail deposits growth was 27.8% YoY and 6.9% QoQ, while wholesale...

Vodafone Idea board to consider ₹20,000 cr fundraise in 6 April meet With the approval in place, the telecom company is expected to complete the equity fundraising by the end of June

Amazon's AI-based 'just walk out' checkout tech was powered by 1,000 Indian workers manually, say reports Amazon's celebrated ‘Just Walk Out’ technology, allowing customers to seamlessly bypass checkouts, had a surprising reliance on an overseas workforce. The Information revealed that around...

Sterlite Power unit’s CEO Manish Agarwal quits The departure of Manish Agarwal, an energy infrastructure veteran, comes as the power transmission and energy solutions company is exploring an IPO.

Byju Ravindran's networth plunges to zero in Forbes Billionaire Index 2024 Byju Raveendran, the founder of India's edtech giant Byju's, has seen his net worth evaporate from a staggering ₹17,545 crore ($2.1 billion) to a mere zero, according to the latest Forbes Billionaire Index 2024.

Good Glamm, Serena Williams serve up beauty brand Wyn The beauty brand will be launched in over 685 Ulta stores across the US, followed by a global rollout.

VCs shift focus on ESG norms, not just ‘financial parameters’ for startup funding Investors prioritize ESG performance over financial viability in startups, promoting responsible business activities. Startups are advised to incorporate environmental and social aspects early to attract better...

Amazon.com Inc.’s cloud division lays off several hundred tech, sales staff in fresh round of job cuts In a fresh round of job cuts, Amazon.com's Amazon Web Services eliminated several hundreds of employees from the sales marketing and tech roles

How a domestic rating agency wants to take on the big guns If allowed, Care Ratings will be the first Indian rating agency to rate sovereign debt, a space dominated by global companies such as S&P, Moody’s and Fitch.

Motorola targets 8-10% India market share in 2 years It will double the manufacturing capacities as well as share of exports from the country, top executives said