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Sidbi to raise ₹10,000 crore from rights issue next fiscal to expand equity capital The proposed rights issue will be carried out in two tranches of ₹5,000 crore each next fiscal to expand its capital base by ₹10,000 crore and support the growing balance sheet, which is expected to rise by a...

Elon Musk issues warning on ‘free speech’ for X employees: ‘Anyone who does no comply will be…’ Elon Musk reaffirms commitment to free speech on social media platform 'X', warns employees against compromising it.

Dhanlaxmi Bank's independent director quits citing attitude of MD & CEO, multiple other issues Sridhar Kalyanasundaram, Independent Director of Dhanlaxmi Bank, has resigned, citing disregard for his input by other board members in support of the CEO's attitude.

Foxconn to double workforce, investment in India by ‘this time next year’ Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has expanded its presence in India by investing in manufacturing facilities in southern states, including an iPhone factory in Tamil Nadu, as...

Peepul Capital hires Avendus to sell stake in Unibic Foods Peepul is looking to sell a part of its stake or its entire stake in the firm, two people in the know said

The Good Bug raises $3.5 mn in Series A The funding will help develop new products, expand its team and invest in brands, the company said

Nod for Zee-Sony deal violates Sebi order, Axis tells NCLAT Axis Finance claims the merger could not have been sanctioned until an integral part of the scheme—Punit Goenka as head of the merged entity—was resolved

‘Firms seek India, but watchful’ Companies are concerned over the long-term outlook of the India-China relationship, says Nick Allan, chief executive of Control Risk

‘We want to partner banks to gain foothold in home loans’ CEO Ganesh Narayanan says CA Grameen will also look to increase its share in housing loans by adopting a co-lending model to tie up with banks

Gentari, Edelweiss, Actis vie for O2 Power solar projects The transaction, having an equity and enterprise value of $50 million and $200 million, respectively, is being managed by EY.

Jio AirFiber set to debut on September 19: Unveiling price, specs, and key differences from JioFiber Reliance Jio to launch wireless internet solution called Jio AirFiber on September 19, offering speeds of up to 1.5 Gbps.

SoftBank seeking to invest or partner with OpenAI: Report SoftBank may invest billions in AI companies, including a possible partnership with Open AI and a potential acquisition of Graphcore.

Akasa Air takes legal action against 43 pilots for joining other airlines without serving a notice period: Report Akasa Airline takes legal action against pilots who joined other airlines without notice period, seeks compensation.

‘Will stay at top end with our EV offerings’ Mercedes-Benz’s global EV strategy is to exit the volume segment play

Dixon to open plant for Xiaomi This will be one of two such new facilities by Dixon, the second of which is expected in one of the southern Indian states

Pokémon GO takes to Hindi in Indian outing The Pokémon Co. and its American partner, software developer Niantic Inc., have allocated ₹125 crore over five years for activities like advertising and marketing

Sterlite Tech opens $56mn US fibre plant Sterlite’s investment as well as expansion efforts reinforces its commitment to the US market, specifically in meeting the demand for 5G, fibre-to-the-premises, and rural broadband solutions

UK gov agrees to support Tata Steel’s investment In a media statement issued on Friday, the company is expected to receive a grant from the UK government of up to 500 million pounds.

SEBI imposes ₹2.46 crore fine on two companies, seven individuals SEBI imposes penalties of ₹2.46 crore on two companies and seven individuals for regulatory violations.

Mauritian regulator revokes licences of Adani-linked firm under probe: Report Mauritian regulator revokes licenses of firm linked to Adani Group's funds under probe.