Business News

Business

ITC Boosts Stake in Oberoi and Leela Mumbai Ahead of Hotel Demerger

ITC has increased its stake in EIH Ltd, parent company of Oberoi Hotels, by 2.44%, and in HLV Ltd, synonymous with The Leela Mumbai, by 0.53%, ahead of the January 1, 2025, demerge...

Business

Revolutionizing Farming: Coromandel International Joins Forces with Mahindra's Krish-e

Coromandel International and Mahindra & Mahindra's Krish-e partner to extend drone spraying services, Gromor Drive, to farmers across India, aiming to reduce input costs and increa...

Business

Rama Mohan Rao Amara Appointed as SBI Managing Director

The government appoints Rama Mohan Rao Amara as the managing director of the State Bank of India for a period of three years, filling the vacancy left by CS Setty's elevation to ch...

Business

myTVS Pioneers Quick Commerce for Auto Parts and Lubricants

myTVS, a digital auto aftermarket platform, enters the quick commerce segment for auto parts and lubricants through supply chain partnerships, aiming to establish 50 dark stores by...

Business

EU Grants €1.3B to Build Revolutionary Chip Facility in Italy

The European Commission approves €1.3 billion for a revolutionary semiconductor packaging facility in Italy, aiming to enhance Europe's chip supply chain and technological autonomy...

Business

Porsche-Piech Family Pushes for VW Plant Closures to Cut Costs

The Porsche-Piech family, majority shareholder of Volkswagen Group, is pushing for the closure of several plants in Germany to cut costs and increase competitiveness. However, boar...

Business

Sam Altman's Oklo Secures Historic 20-Year Deal for AI-Powered Small Nuclear Reactors

Oklo, led by Sam Altman, signs a 20-year deal with Switch Inc. to build nuclear reactors supplying up to 12 gigawatts of power by 2044, highlighting Big Tech's reliance on nuclear ...

Business

One MobiKwik Systems Ltd Sees Massive 90% Surge on Market Debut

One MobiKwik Systems Ltd, a fintech company, made a strong market debut with a 90% surge above its issue price. The IPO was subscribed 119.38 times, reflecting strong investor inte...