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Resolution professional invites bids for Go First The last date for the submission of expressions of interest is 9 August and the last date for submission of objections to provisional list of interested bidders is 24 August

L&T, Spain’s Navantia sign pact to build submarines for Indian Navy Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines, the first of which was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy at the end of 2023

As iPhone maker Foxconn dumps $19.5 billion Vedanta chip plan in India, a look at timeline since signing of JV Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, in a setback to Prime Minister Modi's chipmaking plans for India.

No question of amicable settlement with SpiceJet: Marans The Maran Group issued the clarification on reports of amicable settlement between the Marans and SpiceJet, following the Supreme Court order dated 7 July

Indian startups raise $3.8 bn in H1 2023, lowest half-yearly funding in 4 years; Saas, D2C, fintech top invested sectors Indian startups raised $3.8 billion in H1 2023, a 36% decrease from H1 2022 and the lowest in four years, with fintech, SAAS, and D2C as the most funded sectors. M&A...

Adani raises $1.4 billion from stake sale in 3 companies; $9 billion raised in 4 years Gautam Adani has raised $1.38 billion from stock sales in three of his group firms, bringing the total amount raised over the past four years to $9 billion. The funds will be used to fulfill the conglomerate's...

In Battle With Microsoft, Google Bets on Medical AI Program to Crack Healthcare Industry Search company is fine-tuning chatbot technology via medical licensing exams

Isha Ambani, ex CAG Rajiv Mehrishi appointed directors on Jio Financial Services Earlier, Reliance announced its plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).

SFIO begins probe into edTech major Byju’s irregularities: Report In June, citing governance lapses, Byju's auditor’s resigned while three of its key Board members stepped down.

Delhi High Court turns down PepsiCo's appeal against revocation of potato patent Delhi High Court rejected PepsiCo's appeal against the revocation of a patent for a potato variety used in Lay's chips, stating that India's rules do not allow a patent on seed varieties

Adani Enterprises buys 30% stake in Trainman, online train ticket booking platform Adani Enterprises has acquired a 30% stake in Start Enterprises, the parent company of Trainman, an online platform for booking train tickets

RailTel receives order for providing onsite SOC and NOC, facilitating immigration services The scope of the project encompasses the supply, installation, testing, commissioning, and training of the SOC and NOC solution, along with 5 years of ongoing support

Microsoft India president Anant Maheshwari resigns, firm elevates COO The firm has appointed the company's chief operating officer Irina Ghose as managing director of India, while MD Sashi Sreedharan has been promoted to a more senior position.

Vedanta Limited adds semiconductors and display glass ventures to its portfolio Vedanta Limited, an Indian conglomerate, has announced the addition of Semiconductor and Display Glass ventures to its portfolio, aiming to boost the country's electronics ecosystem and reduce imports

SpiceJet must pay Marans entire ₹380 crore, says SC Airline failed to pay ₹75 crore on time; need to send a clear message, says SC bench

Reliance Retail plans to buy out minority shareholders After buyback, RRVL, the holding company of Reliance Retail, will be fully promoter-owned

JLR clocks £400 mn free cash flow in Q1 The Coventry-based maker of luxury SUVs like Range Rover, Discovery and Discovery said sales during the first quarter of the financial year 2024 improved significantly on the back of a continuous improvement in chip and other supply constraints.

IOCL plans ₹22,000 cr rights issue for energy transition The development comes a week after the board of Bharat Petroleum Corp. Ltd approved an ₹18,000-crore rights issue

Mahanadi Coalfields to provide VR-based safety, operational training to 17,000 workforce The Coal India subsidiary has earmarked a budget of ₹6.5 crore for skill enhancement among coal miners.

Tata Motors' JLR free cash flow seen at £400 million in Q1FY24 Retail sales for the first quarter of FY24 showed a similar surge, with 101,994 units sold, representing a 29% increase compared to Q1FY23.