Management - general
L&T’s power transmission and distribution division wins major orders from Middle East, Africa
31 Oct 2024
Engineering and construction giant Larsen & Toubro (L&T) on Wednesday said its Power Transmission & Distribution (PT&D) division has won new orders
Noel Tata appointed chairman of Tata Trusts
13 Oct 2024
Noel Naval Tata, half-brother of Ratan Tata has been appointed the new chairman of Tata Trusts, on the passing away of Ratan N Tata, ending all speculation about the succession at Tata Sons.
Boeing workers reject deal with management, opt for strike
13 Sep 2024
Boeing workers belonging to the International Association of Machinists and Aerospace Workers (IAM) struck work on Thursday, rejecting a four-year contract the company signed with the union.
Hindenburg: To Modi via Adani, Sebi and PAC
07 Sep 2024
Colonisers of yesteryears are now shadow boxing - fighting what they think are systemic faults that governments and its agencies in the former colonies are incapable of rectifying.
Delhi HC disrupts SpiceJet flights with order to ground 3 engines for default on lease payments
18 Aug 2024
The Delhi High Court has ordered SpiceJet to ground three of its leased engines for failure to pay lease rentals to the lessors.
Wipro appoints Sanjeev Jain as chief operating officer
19 May 2024
Wipro appoints Sanjeev Jain as chief opeWipro Limited on Friday announced the appointment of Sanjeev Jain as the company’s chief operating officer (COO) in place of Amit Choudhary
Godrej family announces formation of 2 groups
02 May 2024
The 127-year-old diversified Godrej Group on Wednesday announced a formal division into two separate groups – one controlled by brothers Adi Godjej and Nadir and the other by their cousins Jamshyd Godrej and Smita Godrej.
IREDA granted `Navratna’ status
29 Apr 2024
State-owned Indian Renewable Energy Development Agency (IREDA) has been granted 'Navratna' status by the Department of Public Enterprises, the company stated in a stock exchange filing on Friday.
Sail suspends 2 directors, 26 other officials over alleged corruption
20 Jan 2024
State-owned Steel Authority of India Limited (Sail) has suspended two directors, and 26 senior officials, including executive directors, over alleged corruption, according to a regulatory filing with the stock exchanges.
Musk aims for 25% voting control at Tesla prior to advancing AI objectives
16 Jan 2024
In a recent announcement on social media platform X, Tesla’s CEO, Elon Musk, expressed his discomfort with the idea of steering the automaker towards leadership in artificial intelligence (AI) and robotics without securing at least 25% voting control.
Hertz shifts gears: Opts for gas cars over EVs, including Teslas
12 Jan 2024
Hertz Global Holdings, a car rental company, is set to sell about 20,000 electric vehicles. This number even includes cars that have been manufactured by Tesla.
BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges
12 Jan 2024
In a recent disclosure by US-based asset manager BlackRock, the valuation of its stake in ed-tech giant Byju’s has been further reduced to approximately $1 billion, marking a significant 95% decrease from its peak valuation of $22 billion in 2022
Adani's big move: Gautam Adani unveils Rs 2 trillion investment plan for Gujarat
10 Jan 2024
Indian billionaire entrepreneur Gautam Adani revealed plans for a substantial investment exceeding Rs 2 trillion in Gujarat during his address at the Vibrant Gujarat Global Summit.
Boeing's 737 Max 9 incident raises safety concerns and prompts grounding
08 Jan 2024
An emergency landing of an Alaska Airlines Boeing 737 Max 9 in Portland, Oregon, USA, has prompted the Federal Aviation Administration (FAA) to order inspections, affecting about 171 planes owned by Alaska, United, and other carriers.
IndiGo announces removal of fuel charges amid ATF price drop
04 Jan 2024
IndiGo, one of India’s leading airlines, announced on Thursday, 4 January 2024, that it would eliminate fuel charges on all domestic and international flights.
Disney secures support from activist investor ValueAct Capital
04 Jan 2024
In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz.
SpaceX faces allegations of wrongful employee firings
04 Jan 2024
SpaceX, the renowned rocket and satellite manufacturer, has come under scrutiny as a U.S. labor agency accuses the company of unlawfully terminating eight employees.
Akasa Air to close a deal for 150 Boeing 737 MAX planes in an effort to expand its fleet
03 Jan 2024
In a move to capitalize on the surging demand in India’s rapidly growing aviation market, budget carrier Akasa Air is reportedly finalizing an order for approximately 150 Boeing 737 MAX narrow-body planes.
Bitcoin surges beyond $45,000, setting a new two-year high
02 Jan 2024
In a remarkable milestone, Bitcoin has surged past the $45,000 mark, marking its highest value in nearly two years.
Pratt & Whitney engines ground Go First airline, Wadia alleges Rs 10,000 crore damages
28 Dec 2023
Blaming Pratt & Whitney (P&W) engines for the grounding of Go First airline, Wadia Group Chairman Nusli Wadia asserted that the U.S. company has inflicted damages exceeding Rs 10,000 crore on the airline.
Apple appeals an import ban on watches amid a patent dispute
27 Dec 2023
In an attempt to overturn a ban on the import of its watches, Apple has lodged an appeal following a complaint from medical monitoring technology company Masimo.
Hyperloop One ceases operations after failing to secure contracts
22 Dec 2023
In a significant development, Hyperloop One, the high-speed freight transportation company based in Los Angeles, U.S., is set to shut down.
Zomato denies an acquisition offer for Shiprocket amidst market speculation
22 Dec 2023
In response to recent reports suggesting a potential $2 billion acquisition offer for delivery platform Shiprocket, Zomato has strongly denied the claims.
Zomato explores a $2 billion acquisition of Shiprocket
21 Dec 2023
In a strategic move, Zomato, the renowned food delivery platform spearheaded by Deepinder Goyal, is eyeing the acquisition of Shiprocket, a prominent e-commerce shipping startup.
Toyota announces a global recall of 1.12 million vehicles due to airbag concerns
21 Dec 2023
In a press statement released on Wednesday, 20 December 2023, Toyota Motors declared its decision to recall 1.12 million vehicles globally, citing potential issues with airbag deployment linked to a short circuit in a sensor.