Firms/companies

Deloitte to acquire rival PwC's network firms in Sri Lanka and Maldives

Deloitte to acquire rival PwC's network firms in Sri Lanka and Maldives

10 Oct 2023

Deloitte, a world-renowned accounting firm, is planning to acquire some of the network firms from its competitor, PricewaterhouseCoopers (PwC), in the Maldives and Sri Lanka regions.

Tata Steel shares attract investors’ attention after Fitch boosts rating to 'BBB-'

Tata Steel shares attract investors’ attention after Fitch boosts rating to 'BBB-'

10 Oct 2023

Tata Steel Ltd.'s shares are set to attract attention in Tuesday's, 10 October, morning trading session following an upgrade

Exxon nears a $60 billion deal to acquire Pioneer

Exxon nears a $60 billion deal to acquire Pioneer

06 Oct 2023

Exxon Mobil is in advanced talks to buy Pioneer Natural Resources for around $60 billion.Exxon is about to make its largest deal since the acquisition of Mobil in 1998

Tesla reduces prices on Model 3 and Model Y cars in the United States

Tesla reduces prices on Model 3 and Model Y cars in the United States

06 Oct 2023

Elon Musk’s Tesla has recently reduced the prices of its Model 3 and Model Y electric vehicles in the United States

IndiGo to increase air fares by introducing fuel charges up to Rs. 1000

IndiGo to increase air fares by introducing fuel charges up to Rs. 1000

06 Oct 2023

Air travel costs within the country are expected to increase as IndiGo announced on Thursday, 5 October, 2023, the implementation of a fuel surcharge.

How will the new rule changes by the European Commission affect the tech giants?

How will the new rule changes by the European Commission affect the tech giants?

07 Sep 2023

On Wednesday, 6 September 2023, the European Commission unveiled a list of service providers that meet the criteria for inclusion within the scope

Motorola unveils affordable moto G84 featuring snapdragon 695, priced below $250

Motorola unveils affordable moto G84 featuring snapdragon 695, priced below $250

01 Sep 2023

Last week, Motorola gave a sneak peek of the Moto G84 on Flipkart, and today, the company officially unveiled this mid-range smartphone in India. While sporting the somewhat dated Snapdragon 695 chipset with 5G support, it manages to offer an attractive package for its price.

Reliance group secures BCCI media rights, emerges as cricket broadcasting powerhouse

Reliance group secures BCCI media rights, emerges as cricket broadcasting powerhouse

01 Sep 2023

Over the next five years, Indian cricket will find a new broadcasting home on the Viacom 18 network. In an e-auction held on Thursday, 31 August 2023, the media conglomerate, a subsidiary of Reliance Industries, successfully secured both the linear and digital rights from the BCCI (Board of Control for Cricket in India)

Google launches AI-powered search in India

Google launches AI-powered search in India

01 Sep 2023

During the introduction of the new Bing, Microsoft CEO Satya Nadella referred to Google as the '800-pound gorilla' of the online search space.

Disney attempts to provide free cricket to gain momentum in streaming wars with rivals

Disney attempts to provide free cricket to gain momentum in streaming wars with rivals

29 Aug 2023

Walt Disney is aiming to revamp its streaming business in India by providing cost-free cricket content on smartphones. This strategic move is anticipated to drive an increase in advertising revenue and counterbalance the effects of a decline in subscribers.

FirstCry founder Maheshwari under investigation for suspected $50 million tax evasion

FirstCry founder Maheshwari under investigation for suspected $50 million tax evasion

29 Aug 2023

The Indian income tax department is currently investigating potential tax evasion allegations involving Supam Maheshwari, the founder of three prominent Indian unicorns: FirstCry.com, Globalbees Brands Ltd., and Xpressbees, as reported by individuals with knowledge of the situation.

Boeing 737 MAX deliveries face delay due to new supplier defect

Boeing 737 MAX deliveries face delay due to new supplier defect

24 Aug 2023

Boeing announced on 23 August 2023 that it has discovered a new quality issue with its 737 MAX aircraft, specifically concerning a supplier, Spirit AeroSystems.

Inox Wind promoters allocate Rs500 crore to clear debt

Inox Wind promoters allocate Rs500 crore to clear debt

17 Aug 2023

Inox Wind Ltd, a leading provider of wind energy solutions, announced that its promoter and entities within the promoter group have contributed Rs 500 crore to the company for the purpose of repaying debt.

Boeing initiates production of AH-64E Apache helicopters for Indian Army

Boeing initiates production of AH-64E Apache helicopters for Indian Army

17 Aug 2023

Boeing, the US-based aerospace and defense company, announced the initiation of production for AH-64E Apache attack helicopters in Mesa, Arizona.

Gangwal family considers Rs3,730-crore IndiGo stake sale in block deal

Gangwal family considers Rs3,730-crore IndiGo stake sale in block deal

16 Aug 2023

The Gangwal family, promoters of the private airline IndiGo Airlines, were preparing to conduct a block deal on 16 August to sell their shares valued at Rs3,730 crore, or around $450 million.

M&M aims to double exports in 3 years with new OJA platform

M&M aims to double exports in 3 years with new OJA platform

16 Aug 2023

Mahindra & Mahindra (M&M), the leader among India’s tractor industry companies, has set its sights on a remarkable goal. It aims to double its exports from India within the next three years.

Eicher division will supply electric trucks for Amazon India’s delivery operations

Eicher division will supply electric trucks for Amazon India’s delivery operations

10 Aug 2023

On Wednesday, Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV), announced its partnership with Amazon aimed at electrifying the e-commerce company's delivery operations in India.

Chevron to acquire PDC Energy in $6.3 billion all-stock deal

13 Jul 2023

Reliance Retail to buy out minority shareholders

Reliance Retail to buy out minority shareholders

11 Jul 2023

Reliance Retail will pay Rs1,362 per share to a host of global investors, including KKR, Mubadala, Abu Dhabi Investment Authority, General Atlantic, GIC and TPG, who together hold a 10.09 per cent stake in the company

Thomson Reuters to acquire legal AI firm Casetext for $650 mln

10 Jul 2023

RIL-bp starts production at third deepwater field in KG D6 block

RIL-bp starts production at third deepwater field in KG D6 block

10 Jul 2023

At its peak, the three fields in the KG D6 block will together produce around 30 million standard cubic metres of gas a day (1 billion cubic feet a day), amounting to a third of India’s current domestic gas production

Net claims of non-residents on India decline to $367.8 billion in March

10 Jul 2023

India negotiates cross-border digital currency payments

10 Jul 2023

RBI eyes global currency role for rupee

RBI eyes global currency role for rupee

10 Jul 2023

The internationalisation of the rupee is a continuous process involving progressive capital account convertibility, wherein the domestic currency increasingly acquires the character of a de facto freely convertible currency for international financial transactions, says an RBI group

TCS signs £840 million fresh contract with UK pension scheme Nest

10 Jul 2023

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