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Trustees of CIG Realty Fund move SAT against Sebi order Sebi had in December barred the trustees from accessing the capital markets and had ordered the appellants not to take any new assignment as trustees of AIF for two years

After Unilever decides to spin off ice cream biz, HUL plans a tempcheck in India HUL’s ice cream unit, which includes Kwality Wall’s, Cornetto, and Magnum, accounted for less than 3% of its overall business in FY23

ATC to get 2.9% in Vodafone Idea, converts OCDs worth ₹1,440 cr to equity Vodafone Idea owes significant dues to vendors and tower services providers including ATC and Indus Towers.

‘Will roll it back in a heartbeat if...’: Zomato founder Deepinder Goyal explains ‘pure veg mode’ rationale Deepinder Goyal assured the customers about rolling back the new scheme in case of any significant negative social repercussions of this change

Telangana union chief questions Zomato's new 'Pure Veg Mode' move, asks 'will company now...?' Salauddin released an official statement after Zomato's new move and opined that it will enable deliveries from pure veg restaurants only, and exclude those restaurants that serve both vegetarian and...

B Capital closes second Opportunities Fund at $750 million The firm will look to make primary and secondary investments in later-stage companies across its core sectors of technology, healthcare, and climate tech, with a focus on North America and Asia.

Grasim raises ₹1,250 crore from IFC through sustainability-linked NCDs The company said the funds would be used to support decarbonisation through Birla Opus, its new paints business.

Nvidia's Blackwell GPU may reach Indian shores as early as October Yotta Data Services has an existing deal with Nvidia to source over 16,000 GPUs spread over two fiscal years

Citibank to launch digital payments product Spring in India in Q2 Currently available in about 24 countries, Spring by Citi processes business-to-business and direct-to-consumer payments, and integrates with payment methods across geographies.

Unilever rejig plan: Consumer goods giant to split off $8.6 billion ice cream unit; 7,500 jobs to be axed Unilever Plc is set to separate its ice cream business, which includes brands such as Ben & Jerry’s and Magnum, as CEO Hein Schumacher streamlines the operations of the UK consumer goods...

Ajay Singh's consortium raises offer for Go First by ₹100-150 crore, says report The consortium, which includes budget carrier SpiceJet's managing director Ajay Singh and Busy Bee Airways, increased the bid amount between 1 billion rupees ($12.06 million) and 1.5 billion rupees, one of the...

Why MDF producers are not out of the woods yet Influx of inferior quality MDF into India from Vietnam and Indonesia was the main worry for domestic players, and the implementation of the BIS norms will address this issue.

IT raids at Meghana Foods eateries in Bengaluru, Karnataka IT raids at Meghana Foods eateries in Bengaluru, Karnataka. More details are awaited.

Kishore Biyani makes surprise bid to settle Bansi Mall's debt, outbidding Runwal Group Retail tycoon Kishore Biyani has made a surprising ₹476-crore offer to lenders led by Canara Bank, outbidding Runwal Group's approved bid of ₹475 crore for the debt-ridden Bansi Mall Management Co that owns...

Deloitte plans restructure to cut costs, will likely pare down to 4 business units from 5, says report Deloitte plans to restructure by reducing business units to four amidst cost-cutting measures ahead of a market slowdown, with a focus on audit, strategy, technology, and tax. The Big Four...

A former Delhi top cop is named Religare director. Burmans say rules broken. Asthana, an Indian Police Service officer from the 1984 batch of Gujarat cadre, had joined Religare in August as group head of corporate affairs and business advisor

Reddit’s CEO Steve Huffman leaves ‘young troll’ image behind in run-up to IPO Co-founder and CEO of Reddit, Steve Huffman built the platform's first website himself in the programming language Lisp. He had started programming as a kid, and would later say that he spent his “formative years as a...

Nvidia's new B200 'Blackwell' unleashes next-gen AI for humanoid dreams. All you need to know Nvidia CEO Jensen Huang unveiled the company's latest AI chip, the B200 'Blackwell,' at the GTC 2024 conference, claiming it's 30 times faster than its predecessor. The chip aims to extend Nvidia's lead...

Elon Musk defends ketamine use, says it is ‘beneficial’ for investors The billionaire tech mogul, in an interview with former CNN anchor Don Lemon, also claimed that he has a doctor's prescription for the use of ketamine

Nvidia launches AI-powered playground for building the future of 6G Nvidia launches cloud-based research platform for 6G research and testing