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Flipkart Internet receives Rs 924 cr infusion from its Singapore entities

Flipkart Internet receives Rs 924 cr infusion from its Singapore entities

Flipkart Internet, the marketplace arm of the Walmart-owned e-commerce giant Flipkart, has received a significant cash injection of approximately Rs 924 crore ($111 million) from its related entities based in Singapore. Regulatory filings with the Registrar of Companies (ROC) revealed that this infusion occurred in two parts during January.

Flipkart operates multiple units in India, encompassing various businesses such as logistics and the e-commerce marketplace.

Torrent Power soars 5% on bagging orders of Rs 3,140 cr; up 66% in 6 mths

Torrent Power soars 5% on bagging orders of Rs 3,140 cr; up 66% in 6 mths

Shares of Torrent Power soared 5 per cent on BSE to Rs 1,172 in Saturday's special trading session after the company won power supply projects worth Rs 3,140 crore. All securities will trade with revised circuit limits of 5 per cent today.

The stock of the power utility has surged 66 per cent in the last 6 months from a level of Rs 705 reached in September last year. In the past one month, it is up 10 per cent. Its 52-week high of Rs 1,235 was reached on 15th of last month.

Delhi court orders Bloomberg to remove 'defamatory' article against Zee

Delhi court orders Bloomberg to remove 'defamatory' article against Zee

A sessions court in New Delhi on Friday ordered Bloomberg Television Production Services India to take down an article published against Zee Entertainment Enterprises on February 21 after Zee argued that the article was “false and factually incorrect, with a pre-meditated and malafide intention to defame the company.”

The article mentioned details pertaining to corporate governance and business operations of Zee, which were inaccurate in nature and led to a 15 per cent drop in the share price of the company, Zee said in a statement.

CDC notifies guidelines for individuals, organisations to curb Covid spread

CDC notifies guidelines for individuals, organisations to curb Covid spread

In response to the ongoing challenges posed by the Covid-19 pandemic, the Centers for Disease Control and Prevention (CDC) have provided comprehensive guidelines aimed at preventing the spread of respiratory viruses.

These guidelines offer practical advice for individuals and organisations to navigate the complexities of illness, recovery, and preventing transmission.

Bengaluru blast: Cyberabad police conducts checks as precautionary measure

Bengaluru blast: Cyberabad police conducts checks as precautionary measure

The Karnataka police have intensified the investigation into the low intensity bomb blast at a popular eatery here, in which 10 people were injured, officials said on Saturday.

According to official sources, images of the suspect's movement have been captured by the CCTV cameras at the Rameshwaram cafe in Brookefield area and those nearby.

JSW Steel, Italy govt sign agreement to relaunch Piombino steel hub

JSW Steel, Italy govt sign agreement to relaunch Piombino steel hub

JSW Steel Italy has signed a memorandum of understanding (MoU) with the Italian government to relaunch the steelworks site of Piombino with an investment of 143 million euros.

In a statement, the company said that an MoU was signed with Italian authorities and its subsidiary, JSW Steel Italy SRL.

FIU imposes Rs 5.49 cr penalty on Paytm PB for money laundering violations

FIU imposes Rs 5.49 cr penalty on Paytm PB for money laundering violations

Financial Intelligence Unit-India (FIU-IND) has imposed a Rs 5.49 crore penalty on Paytm Payments Bank for violating anti-money laundering rules, the Finance Ministry said on Friday.

FIU-IND initiated a review of Paytm Payments Bank on receipt of specific information from law enforcement agencies in respect of few entities and their network of businesses engaged in a number of illegal acts, including organising and facilitating online gambling.

Delhi Airport set to reach 100 million capacity with new terminal

Delhi Airport set to reach 100 million capacity with new terminal

The Indira Gandhi International Airport is poised to significantly enhance its passenger handling capacity to over 100 million per year with the upcoming inauguration of Terminal 1, which is nearing completion, according to a report by Financial Express (FE).

Currently, the airport's three terminals collectively manage nearly 70 million passengers annually. Under phase 3A of the expansion initiative, Terminal 1 is on track to augment its capacity from 20 million to 40 million passengers per year.

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

Shares of CG Power and Industrial Solutions (CG) surged 11 per cent to Rs 494.40 in Friday's intraday trade amid heavy volumes, after the company said that it will build an outsourced semiconductor assembly and test facility in India in association with Industrial Solutions Limited, Renesas, and Stars Microelectronics.

The joint venture (JV) will be 92.3 per cent owned by CG, with Renesas, and Stars Microelectronics holding equity capital of approximately 6.8 per cent and 0.9 per cent, respectively.

Cabinet approves Rs 75,021 crore rooftop solar scheme for 10 mn households

Cabinet approves Rs 75,021 crore rooftop solar scheme for 10 mn households

The Union Cabinet on Thursday approved a rooftop solar scheme as 'PM Surya Ghar: Muft Bijli Yojana' to install rooftop solar panels across 10 million households with a total outlay of Rs 75,021 crore.

The decision was made at the Cabinet meeting presided over by Prime Minister Narendra Modi.

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