Page 344 - Industry News

NCLAT clears Sapphire Media's acquisition of Big 92.7 FM, upholds order

Earlier, the National Company Law Tribunal (NCLT) cleared Sapphire Media's resolution plan in a ruling on May 6, 2024, with the plan being filed for approval by the resolution professional in NCLT

Adani Defence acquires 86% shareholding in MRO firm Air Works at Rs 400 cr

Air Works, which has a workforce of more than 1,300 personnel, handles MRO work for commercial as well as defence aircraft

ICAI prez: Disciplinary committee probing Byju's auditing 'lapses'

Byju's financial disclosures had come under ICAI's scanner because of a 22-month delay in the submission of its financial reports

Oil and gas producers call for tax reforms in the upcoming Budget

Seek relief from state levies, Customs duties, pitch for single window clearance system

Switzerland-based TIL to invest Rs 20,000 crore in Vadhvan Port project

Terminal Investment Limited Sarl (TIL) invests in, develops, and manages container terminals across the globe

Indians ordered an average of 158 biryanis per minute: Swiggy report

Swiggy said Biryani is still the undisputed dish in terms of demand for the 9th consecutive year as India ordered 83 million Biryanis, according to the delivery firm's yearly report

Govt-owned oil refiners struggle to get adequate crude supplies from Russia

Oil executives from three of the nation's government-owned processors said they haven't been able to obtain enough Russian crude for January loading in the so-called spot market

Karnataka govt approves 9 industrial projects worth Rs 9,823 crore

Urging investors acquiring KIADB (Karanataka Industrial Area Development Board) plots to operationalise their units within the prescribed timelines, he cautioned that penalties would be imposed

UFO Moviez sells its entire stake in associate company Mukta V N Films

The financial details were not disclosed in the filing. Additionally, UFO Moviez also sold 2,40,000 share warrants of Mukta V N Films

UP's Kanpur, 'Manchester of the East', pivots to military ware hub

The industrial town has netted investments in an array of defence and military projects across aircraft, drones, arms and ammunition, propellant systems, among others

Hyatt in exclusive talks with Playa Hotels on options, including buyout

Playa, which runs 24 high-end, all-inclusive resorts across Mexico, said its board has been evaluating opportunities and has engaged with a number of potential counterparties

ICAI expects to finalise int'l networking guidelines for CA firms this FY

Institute of Chartered Accountants of India (ICAI), which has more than four lakh members, is also working on ways as part of larger efforts to make the country a global accounting and auditing hub

India's data centre capacity to more than double by FY27: CRISIL Ratings

Data centres cater to the computing and storage infrastructure demand as enterprises rapidly shifting their businesses to digital platforms, including cloud, a trend that has accelerated post Covid-19

MFN status suspension not to delay EFTA trade pact with India: Switzerland

The Swiss government has suspended the Most Favoured Nation (MFN) status, which could potentially impact Swiss investments in India and lead to higher taxes on Indian companies operating there

Waaree Energies board approves Rs 850 cr investment in energy facilities

It also approved a capital expenditure of Rs 2,073 crore and an investment of Rs 650 crore for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant

Govt to kick off critical minerals mission to bolster energy transition

While much of 2024 was spent in doing ground work, the next is poised to be a landmark year for India's mineral and mining sector

FMCG industry expects consumption revival in 2025 after a challenging year

The makers also expect a shot in the arm in the upcoming annual budget, which would help the stressed middle-income group

Indian aviation set to soar in 2025 with more planes, flights, and airports

The future trajectory of revised norms to tackle pilot fatigue and efforts to reduce carbon emissions will be on the radar

Farewell to the titans: Remembering industry leaders we lost in 2024

From Japan's "100-yen shop" creator to India's architect of modern banking, we remember the industry titans who bid farewell to this world this year

Silver lining: Hotels providing customised deals to senior citizens

From specialised senior-friendly tours to redesigned hotel amenities, the industry is becoming increasingly attuned to the unique requirements of elderly travellers