 "Adani Power Battles Himachal Pradesh for Rs 280 Crore Hydropower Refund")
Adani Power Limited has approached the Supreme Court to challenge a recent decision by the Himachal Pradesh High Court regarding a refund of Rs 280 crore linked to two hydropower projects in Kinnaur district. The Supreme Court has requested a response from the Himachal government on this matter. In July, the High Court overturned a ...
 "Surge in Mumbai Property Registrations: Government Eyes ₹1,050 Crore Windfall")
In August 2024, property registrations in the Mumbai municipal region are projected to rise by 7 percent, reaching approximately 11,650 units, according to Knight Frank India. This marks an increase from 10,902 registrations in August 2023, reflecting strong demand in both the primary and secondary property markets. The Maharashtra government is expected to generate over ...
 "Odisha’s Majhi Unveils ₹1,151 Crore Development Revolution for Urban Transformation")
Odisha Chief Minister Mohan Charan Majhi recently announced the launch of 481 developmental projects valued at Rs 1,151 crore during a local self-governance day event. He emphasized the significance of self-governance in delivering essential services to citizens and urged elected officials to prioritize public needs over political interests. Majhi highlighted the importance of empowering municipalities ...
 "NMDC Faces ₹1,620 Crore Penalty Amidst Controversial Mining Dispute in Dantewada")
Chhattisgarh’s Dantewada district has penalized the National Mineral Development Corporation (NMDC) with Rs 1,620.5 crore for alleged mining law violations. NMDC argues that the penalty is unjust and has been imposed without considering relevant facts. The authority claims NMDC transported iron ore without the necessary railway transit pass, violating multiple mining regulations. In a letter, ...
 "Canadian Firm Invests ₹250 Crore to Revolutionize Karnataka’s Agricultural Landscape")
Karnataka State Minister M B Patil announced that Vitera, a prominent Canadian agricultural company, is investing Rs 250 crore to improve agricultural infrastructure in Vijayapur district. This investment aims to establish modern cold storage facilities, which will significantly reduce post-harvest losses for local farmers and enhance the overall efficiency in the production, supply, and sale ...
 "UBS Offloads ₹4,961 Crore in Shares; Eyes Bandhan Bank’s Future")
UBS Group AG, a Swiss financial giant, recently sold shares in seven companies, including Oil India and Dixon Technologies, for a total of Rs 4,961 crore through open Market transactions on the National Stock Exchange (NSE). UBS Principal Capital Asia was the main vehicle for these transactions, offloading significant shares in companies like Rail Vikas ...
 "Max Estates Pursues Rs 800 Crore Fundraising for Strategic Land Acquisitions")
Max Estates, a prominent real estate developer in the Delhi-NCR region, is set to raise Rs 800 crore by selling equity shares to institutional investors as part of its Qualified Institutional Placement (QIP) initiative. The company’s board has approved the plan, confirming a floor price of Rs 628.74 per share. Major domestic mutual fund companies ...
 "Balmer Lawrie Targets Rs 6,000 Crore Revenue by 2030 with Strategic Growth Plan")
Balmer Lawrie, a diversified public sector company, is set to achieve a revenue target of Rs 6,000 crore by 2030. Currently generating Rs 2,400 crore, the firm recently signed a Memorandum of Understanding with the government for a revenue goal of Rs 3,400 crore in the current financial year. The company, which operates in grease ...
 "LIC Faces ₹605.58 Crore GST Demand Amid Taxation Controversy")
Life Insurance Corporation of India (LIC) has received a tax demand notice amounting to approximately Rs 605.58 crore due to a short payment of Goods and Services Tax (GST) for the financial year 2019-20. The notice indicates issues related to incorrect input tax credit claims and late payment interest. This demand includes a breakdown of ...
 "Facing turbulent times, SpiceJet has temporarily furloughed 150 cabin crew members for three months, citing a lean travel season and a reduced fleet size. This move, intended to secure long-term stability, comes amidst the airline’s ongoing struggles with prolonged losses, unpaid dues to lessors, and legal battles. Despite these challenges, SpiceJet assures that affected employees will maintain their health benefits and earned leave. The budget carrier, which last reported a profit in 2017-18, hopes to welcome the crew back following its upcoming fleet expansion, bolstered by a Rs 3,000 crore fundraising effort expected to complete by September.")
Struggling with a severe cash crunch, budget airline SpiceJet has decided to furlough 150 of its cabin crew for three months. This latest move highlights the financial challenges the company faces. Find out how this decision impacts employees and the airline’s operations in our detailed report. Download Latest Movies in HD Quality Downloading In 15 ...
