Chennai’s Chief Minister M K Stalin recently met with Prime Minister Narendra Modi to discuss delays in the second phase of the Chennai Metro Rail project. He urged for prompt approval of a shared funding agreement between the central and state governments, similar to what was established for phase one. The project completion has been ...
The father of Akshay Shinde, accused in the Badlapur sexual assault case, has reached out to Union Home Minister Amit Shah and Maharashtra Deputy Chief Minister Devendra Fadnavis, seeking police protection for his family. This request follows threats they have reportedly received after Shinde’s death, which he claims was a politically motivated murder. Akshay, aged ...
 "India’s UPI seeks global expansion, negotiating digital payment systems in Africa and South America, aiming for launches by 2027.")
India is actively working with several countries in Africa and South America to establish digital payment systems based on its successful Unified Payments Interface (UPI) model. Ritesh Shukla, CEO of NPCI International Payments Ltd, announced that two projects are expected to launch by early 2027, following agreements with Peru and Namibia earlier this year. The ...
 "Xiaomi seeks to recall India’s antitrust report, claiming disclosure of sensitive data amid accusations of breaching competition laws.")
Xiaomi has requested India’s antitrust body to retract its report, which indicated that Xiaomi and Walmart’s Flipkart violated competition laws. The company claims the report contains sensitive business information that should have been redacted. This request could postpone the ongoing antitrust investigation that started in 2021. Xiaomi’s main concern revolves around details regarding its smartphone ...
 "Amid financial turmoil, SpiceJet seeks to raise Rs 3,000 crore, battling significant dues and investor skepticism.")
SpiceJet, facing significant financial challenges with dues over Rs 601 crore, has successfully attracted interest for its Rs 3,000 crore share sale to qualified institutional buyers. The placement has reportedly been oversubscribed, drawing attention from various investors, including several family offices. The funds raised will be crucial for the airline to settle outstanding statutory liabilities, ...
 "Strides Pharma secures overwhelming approval to launch OneSource, a pivotal CDMO, as it seeks final nod from NCLT for growth.")
Strides Pharma Science announced that it has received overwhelming approval from shareholders and secured creditors for the formation of OneSource, a specialty contract development and manufacturing organization (CDMO). This decision comes after meetings facilitated by the National Company Law Tribunal (NCLT). The creation of OneSource will integrate the Oral Technologies business from Strides, Sterile Injectables ...
 "NLC India seeks to accelerate mining at Machhakata coal block, aiming for a major boost in its production capacity by 2030.")
NLC India Ltd, a state-owned company, is planning to begin mining at the Machhakata coal block in Odisha ahead of schedule. This block, the largest among NLCIL’s mining projects, holds 1.4 billion tonnes of coal reserves and a capacity of 30 million tonnes per annum. NLCIL successfully bid for the Machhakata coal block in a ...
 "Salesforce plans to acquire Own Company for .9 billion, enhancing data security amid rising cyber threats as it seeks growth.")
Salesforce has announced its acquisition of Own Company, a data protection and management solutions provider, for $1.9 billion in cash. This move aims to enhance Salesforce’s data security and privacy offerings, especially as customers prioritize safeguarding their data from loss and cyber threats. The company expects this deal to contribute positively to free cash flow ...
 "Telangana’s Flood Crisis: 16 Lives Lost, CM Seeks National Emergency Aid")
Heavy rains in Telangana since August 31 have led to tragic consequences, with at least 16 lives lost and significant property damage estimated at Rs 5,438 crore. Chief Minister A Revanth Reddy appealed to Prime Minister Narendra Modi to declare the situation a national calamity and provide support for the flood-hit areas. The state government ...
 "ByteDance Seeks .5 Billion Loan Amid Evolving Global Ambitions")
ByteDance, the Chinese company behind TikTok, is seeking a $9.5 billion loan, marking the largest dollar loan for a corporation in Asia outside of Japan. Major banks like Citigroup, Goldman Sachs, and JPMorgan are coordinating this effort, which is set for three years with an option to extend. The loan will help refinance a previous ...
