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Implementation of RCap resolution plan by 31 March deadline untenable: IIHL On 27 February, NCLT allowed IIHL to take over the debt-laden Reliance Capital under the corporate insolvency resolution process. The Hinduja entity's final resolution plan was worth ₹9,650 crore and approved by a...

Crunchyroll sees uptick in active users as anime finds favour in India Over the past nine months, the company has added 70 titles dubbed in Hindi, 45 of which are also available in Tamil and Telugu

Paytm Payments Bank to close from March 15. Here's all that customers need to know The RBI has directed Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after March 15. Here's what you need to know:

TikTok Ban in US: House passes bill with majority, Senate vote next, TikTok contests move & more | Top 10 Updates The move comes as US lawmakers restarted talks about banning Chinese social media apps in the country. These apps, including TikTok, boast millions of American users and are being...

Godrej Properties acquires second land parcel in Hyderabad for ₹1,300 crore residential project Overall the purchase of both land acquisitions will take the booking value potential in Hyderabad to ₹4,800, Godrej Properties said

Paytm layoffs: Teams may be cut by 20% in size, says report. Company says employee assessment ‘routine’ A Paytm spokesperson denied that there are job cuts, stating that routine annual assessment exercises are ongoing. Speculation however has been doing the rounds amid the ongoing regulatory...

SpiceJet secures lease agreements for 10 aircraft to bolster summer capacity On March 7, SpiceJet announced the resolution of a ₹413 crore dispute with Echelon Ireland Madison One. This has resulted in savings of ₹398 crore and the acquisition of two airframes, the company added

Ferrovial subsidiary Cintra to acquire 24% stake in IRB Infra Trust from GIC The acquisition also includes a 24% stake in MMK Toll Road Pvt Ltd, the investment manager of the Trust

Fitch raises India FY25 GDP forecast to 7% from 6.5% Rating agency Fitch on March 14 revised upwards its projection for India's economic growth due to robust domestic demand and sustained business growth. It, however, moderated its view on rate cuts.

Funding Winter shuts over 35,000 startups in 2023. Will VCs fund tech platforms this year? Indian startup ecosystem faced challenges in 2023 with funding winter intensifying, leading to venture closures. Deal volume and size declined, mega rounds dropped by 70%, and unicorns decreased. Tech...

Reliance Industries to buy out Paramount's 13.01% stake in Viacom18 for $517 million Reliance Industries is already the majority owner in Viacom18 which has 40 TV channels such as Comedy Central, Nickelodeon and MTV.

TikTok tells staff that strategy stays the same after House vote The US House of Representatives on March 13 approved a bill to ban TikTok in the country unless its Chinese owner sells it.

Vedanta to appeal against Sebi order to pay ?77.62 crore to Cairn Vedanta on Wednesday said it will appeal against Sebi's order to pay ?77.6 crore penalty to Scottish explorer Cairn UK Holdings Ltd for delay in paying dividends to its erstwhile shareholder

'Hindenburg report tried to shake our foundation but...': Gautam Adani recalls rout prompted by US short seller Despite challenges and allegations, Gautam Adani emphasized the importance of resilience and embracing complexity in his entrepreneurial journey, leading to significant growth in the...

Apple allowing third-party app downloads in EU may help India, too While the move is selective to a filtered group of apps, and applicable only in the European Union, industry stakeholders said the decision is of great significance, and will lend global precedent in anti-competition and digital...

Byju Raveendran gets longer lifeline as Karnataka HC extends interim relief But that could also mean a delay for Byju?s in accessing money raised via a rights issue

Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy As on December 31, 2023, Specified Undertaking of Unit Trust of India (SUUTI) held around 7.82 per cent stake in the diversified conglomerate ITC.

Meesho announces its largest Esop buyback, worth $25 million The e-commerce company bought back shares worth $1 million in February 2020, $5 million in November 2020, and $5.5 million in October 2021.

Tata Motors signs MoU with Tamil Nadu govt to set up ₹9,000-crore vehicle manufacturing facility The MoU envisaged an investment of ₹9,000 crore over the next five years and would help create up to 5,000 jobs, the company said in a regulatory filing.

India’s first semiconductor fab to begin production in 2026 Tata Group’s semiconductor fabrication unit in Assam will be the first of a few approved foundries to begin commercial operations, ending a decades-long wait for India to develop its own fab industry