Air India and Vistara’s grand merger is projected to be completed by the end of 2024 or early 2025. This was announced by Air India CEO Campbell Wilson and Vistara CEO Vinod Kannan on May 13, 2024. This integration aims to streamline Tata Group’s aviation interests and create a stronger, more competitive airline. As of …
Zomato Payments Private Ltd has chosen to retract its application for a PA (Payment Aggregator) license. The payments division of Zomato Ltd has opted to voluntarily surrender its license granted by the RBI for operating as an online payment aggregator. Citing a deficiency in competitive advantage, Zomato Payments Pvt. will surrender its certificate of authorization …
Crompton Greaves Consumer Electricals Ltd. (Crompton), a leading manufacturer of energy-efficient consumer products, has been recognised for its unwavering commitment to environmental, social, and governance (ESG) practices. This recognition comes in the form of a top ranking within the Dow Jones Sustainability Index (DJSI) – a coveted distinction for companies demonstrating leadership in sustainability. Global …
On May 13, 2024, Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, announced, through an exchange filing, that it will develop a Global Artificial Intelligence (AI) Center of Excellence in Paris. The new AI centre will be located in the soon-to-be-constructed TCS PacePortTM in Paris’ La Défense neighbourhood. When …
L&T Technology Services Limited (LTTS), a leading player in the global digital engineering and R&D services landscape, has secured a prestigious accolade. Information Services Group (ISG), a renowned global technology research and advisory firm, has named LTTS a Top 15 Sourcing Standout in its 1Q 2024 Global ISG Index™. This recognition signifies LTTS’ exceptional performance …
On May 13, 2024, Shriram Finance Limited (SFL) announced that its Board of Directors had approved the divestment of its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus, a leading global growth investor. Transaction Details Warburg Pincus will buy stakes from each seller via its affiliate, Mango Crest Investment Ltd. The proposed …
DLF is a commercial real estate development company based in Delhi, The company has reported its Q4 FY 2023-24 earnings after market hours today, It has reported a surge in both Revenue and Net profits for this quarter. DLF Q4 Performance DLF has reported a net profit of Rs.920 crores in this quarter against a …
On May 13, 2024, the Nifty 50 rose 0.15% and closed at 22,104, and the Sensex was up 0.22%, closing at 72,776. Top Gainers and Losers On the sectoral front, Nifty Pharma, Nifty Healthcare, Nifty Metal and Nifty Realty ended in the green. Meanwhile, Nifty Auto, Nifty PSU Bank, Nifty Oil and Gas and …
On May 13, 2024, SpiceJet announced in an exchange filing that it had entered Phuket, Thailand’s beautiful island paradise. Starting May 31, 2024, SpiceJet will start daily non-stop flights connecting Delhi and Phuket. The company stated that this new service would complement the airline’s existing operations to Bangkok from Kolkata and Delhi. SpiceJet’s daily non-stop …
On May 13, 2024, Bharti Airtel announced that it had entered into a long-term partnership with Google Cloud to provide cloud solutions to Indian businesses. The strategic partnership will provide cutting-edge cloud solutions from Google Cloud to fast-track cloud adoption and modernisation for Airtel’s customers. Additionally, Airtel aims to offer a range of cloud-managed services …
