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Eleven Power to pursue legal remedies after HERC halts licence process

Eleven Power to pursue legal remedies after HERC halts licence process

Medanta co-founder Sunil Sachdeva-led Eleven Power Private Ltd (EPPL) has said it will pursue legal remedies after the Haryana Electricity Regulatory Commission (HERC) halted the process of granting it a parallel electricity distribution licence for Gurugram and Nuh.

Jio's strong market debut boosts confidence in India's IPO pipeline

Jio's strong market debut boosts confidence in India's IPO pipeline

Jio Platforms Ltd.’s sparkling debut was met with enthusiasm among investors, paving the way for more potential offerings by some of the country’s largest privately held companies.

The massive demand for Jio’s listing showed investors remain willing to commit significant capital to marquee deals, even against a difficult backdrop for Indian equities, according to investment bankers.

NCLT completely hijacked by Ministry of Corporate Affairs: Supreme Court

NCLT completely hijacked by Ministry of Corporate Affairs: Supreme Court

In a stinging remark, the Supreme Court on Thursday orally remarked that the Ministry of Corporate Affairs has completely hijacked the National Company Law Tribunal and its appellate body, NCLAT.

While calling for autonomy for the NCLT and NCLAT presidents over appointments, a bench comprising Chief Justice Surya Kant.

Cyclone Arnab: Andhra CM orders fast-track relief, early compensation

Cyclone Arnab: Andhra CM orders fast-track relief, early compensation

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday directed officials to expedite relief operations, restore electricity, and fast-track compensation for people in areas affected by Cyclone Arnab, as the government continued relief and restoration work following the cyclone.

Amazon plans 3,000 electric trucks with Tata Motors for India logistics

Amazon plans 3,000 electric trucks with Tata Motors for India logistics

Amazon and Tata Motors on Tuesday announced a collaboration to deploy 3,000 electric trucks across Amazon’s transportation network in India, marking what the companies said would be the largest electric-truck deployment by an e-commerce company in the country.

The move marks Amazon’s most significant effort yet to extend fleet electrification beyond last-mile delivery.

L&T secures ₹5,000 crore-plus orders for Dhaka Metro Line 1 systems

L&T secures ₹5,000 crore-plus orders for Dhaka Metro Line 1 systems

Infrastructure major Larsen & Toubro (L&T) on Tuesday said its transportation business vertical has secured major design-and-build orders for two key system packages of the Dhaka Mass Rapid Transit Development Project (Line 1), or Dhaka Metro, in Bangladesh.

The company classifies contracts valued above ₹5,000 crore as major orders.

No pressure from US to reduce Russian oil imports, says Hardeep Puri

No pressure from US to reduce Russian oil imports, says Hardeep Puri

​India has faced no pressure from the US to reduce its Russian crude imports, oil minister Hardeep Singh Puri said on Tuesday at an industry event.

"I never felt anything," ‌Puri said when asked ​if there has been ​pressure to cut Russian oil imports.

Sarvam to build AI framework for Army, Navy and Air Force under HQ IDS

Sarvam to build AI framework for Army, Navy and Air Force under HQ IDS

Indian frontier model company Sarvam has signed a memorandum of understanding (MoU) with Headquarters Integrated Defence Staff (HQ IDS), Ministry of Defence, to set up an umbrella framework for artificial intelligence (AI) projects across the Indian Army, Navy and Air Force.

The framework also extends to joint, tri-service and integrated organisations under HQ IDS.

Noel Tata challenges resolution to reappoint Chandra as Tata Sons chairman

Noel Tata challenges resolution to reappoint Chandra as Tata Sons chairman

Tata Trusts chairman Noel Tata on Monday challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons, which was passed at the September 17 board meeting of the holding company of the country's largest conglomerate.

Noel Tata wrote to Tata Sons' company secretary Suprakash Mukhopadhyay on Monday, challenging the resolution for the reappointment of Chandrasekaran beyond February 2027 as well.

Microsoft India offers voluntary exit with 1 month salary per yr of service

Microsoft India offers voluntary exit with 1 month salary per yr of service

Microsoft will offer employees in India a standard severance package, including one month of base salary for each completed year of service, health insurance and career transition services, as part of its voluntary retirement programme, the company said.

Microsoft India employees selected for the voluntary retirement scheme must decide by December 1, the company said.

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