24 C 
The fare for the YesvantpurMadgaon Vande Bharat Express varies depending on the travel class.
Veranda Expects JK Shah listing in the next few days, banks on strong valuation
The company has received all the regulatory approvals from SEBI, NSE and BSE and is now evaluating an appropriate date for the listing ceremony
Binance Blockchain Week 2026, under this years theme of Evolve, will convene leading policymakers, central bankers, institutional asset managers and technology leaders.
According to the industry body FIMI, prices are expected to remain volatile in the short-term though they may elevate in the long-term fuelled by increased demand.
Ethanol boom gives animal feed makers a cheaper alternative to soybean meal
Rising supplies of DDGS, a by-product of grain-based ethanol production, are helping poultry, dairy and aquaculture feed manufacturers cut costs, with potential implications for domestic soybean meal demand.
Tata Motors PV posts 5,451-crore Q2 consolidated loss on JLR restructuring charges
The management expects the company to end FY27 with double-digit growth of around 12-13 per cent
ABB India Q3 profit rises 10% to 440 crore; orders hit record 4,733 crore
Indias structural growth drivers in industrialisation, electrification, digitalisation and the energy transition continue to support attractive growth opportunities for ABB India, Country Managing Director, Sanjeev Sharma
Bondbazaar appoints S Sambath Kumar as the new CEO, replacing founder Suresh Darak. Who is he?
Bondbazaar announced S Sambath Kumar as its Chief Executive Officer (CEO)
Tata Sons rejects Noel Tatas request for video recording of September 17 board meeting
Board members had approved a third term for Chandrasekaran with a 4:1 vote, with Tata being the sole dissenter
Eicher Motors posts 15% rise in Q2 profit as Royal Enfield sales hit record
Royal Enfield posted record quarterly sales of 3.77 lakh motorcycles, while Eicher Motors reported a 15 per cent rise in Q2 profit and plans to ramp up production amid demand
India's emerging VC managers face tougher test as seed funding declines
India's startup base crossed 250,000 in October, but seed funding fell 37 per cent in the first nine months of 2026, raising challenges for first- and second-time VC managers
ABB India Q3CY26 results: Net profit rises 11% to 440 cr, revenue up 19.4%
Electrification and automation major ABB India on Friday posted an 11 per cent rise in net profit to Rs 440 crore in the September quarter compared to the year-ago period, driven by higher revenues. The company follows a January-December fiscal year. The net profit was Rs 398 crore in the quarter ended on September 30, 2025, an exchange filing showed. Revenues from operations rose to Rs 3,738 crore in the quarter from Rs 3,130 crore in the same period a year ago. ABB India Managing Director Sanjeev Sharma said, We delivered a strong third quarter, with record Q3 orders, revenue growth and a healthy backlog reflecting continued customer confidence in ABB's technology and solutions. He stated that the demand remained broad-based across industries, supported by investments in productivity, energy efficiency and sustainable growth. Looking ahead, he stated that India's structural growth drivers in industrialisation, electrification, digitalisation and the energy transition continue
MAN Industries PAT rises to Rs 82 cr in Q2
MAN Industries (India) Ltd has announced a substantial increase in consolidated profit after tax during the September quarter. The company's revenue from operations also saw a notable rise year-on-year, reflecting strong performance. The acquisition of National Pipe Company has positively impacted scale and profitability for the firm. Shipping disruptions in the Strait of Hormuz temporarily affected revenue but shipments are being executed.
EID Parry to sell Sivagangai distillery unit for 45.9 crore, reports 40% decline in Q2 profit
Revenue from the sugar segment rose 32 per cent to 486 crore, supported by higher sales volumes and better realisations, said Muthiah Murugappan, Whole-time Director and CEO
D2C brands turn to hybrid fulfilment models to speed up deliveries
For fashion brands, the shift is also about bringing inventory closer to customers while retaining control over product discovery and larger purchases
Grasim Industries posts 234 crore loss on one-time impairment charges
Revenue increased 26 per cent to 50,105 crore (39,900 crore), while EBITDA was up 25 per cent to 6,513 crore on strong performance across cellulosic fibres, cement, paints and B2B e-commerce businesses
Why Jensen Huang will lose 900 crore after Nvidia exit just 0.08% of his 11.5 lakh crore fortune
Jensen Huang is set to forfeit 900 crore ($108 million) in unvested Nvidia stock awards following his reported exit. The amount is just 0.08% of his estimated 11.5 lakh crore fortune, with nearly 97% of his wealth tied to Nvidia shares.
Agnikul to set up Andhra Pradesh facility for orbital data centre units
Agnikul Cosmos will invest 510 crore in an Andhra Pradesh facility to build orbital data centre units, aiming to integrate AI computing hardware with its rocket upper stages
Razorpay moves closer to public market debut as Sebi gives green signal to IPO
Razorpay has received Sebi's approval for its proposed IPO, bringing the fintech company's stock market debut closer. Targeting a potential 2027 listing, the company is reportedly exploring a Rs 5,500-6,500 crore fundraising amid valuation and profitability scrutiny.
SMARR Realty's Three-Day Property Fest Sees Strong Footfall and Investor Response
New Delhi [India], November 13: NCR-based real estate developer SMARR Realty concluded its three-day Property Fest 2026, drawing numerous visitors and generating encouraging interest in its commercial real estate portfolio. Held in New Gurugram, the fest brought together prospective investors, customers and channel partners to explore three developments: Vista Corner and Vista Centre in Sector 89, and SMARR City Centre 92 in Sector 92. The event offered visitors an opportunity to understand the projects, interact with the sales team and explore exclusive festival offers and booking benefits.
Temasek-backed Sembcorp Green Infra has received SEBI approval for its 3,750 crore IPO, entirely comprising a fresh issue. The company plans to use the proceeds to repay existing debt as it expands its renewable energy portfolio.
Manipal Hospitals Q2 PAT rises 21.6% to 380 crore; revenue up 37.3%
Revenue from operations rose 37.3% y-o-y to 3,399.4 crore during the quarter; inpatient volumes grew 35% to around 169,000, while outpatient volumes increased 27.2% to approximately 1.74 million
Hyderabad's food safety authority suspended the licences of eight cloud kitchens and restaurants, including Biryani By Kilo and ITC Aashirwad, following inspections that uncovered serious hygiene violations. Officials found cockroach and rodent infestations, spoiled food, and expired ingredients.
Inox Green Q2 profit rises 54%; completes payment for Wind Worlds 4.5 GW O&M business
In a regulatory filing, the company said it had successfully raised 300 crore through a qualified institutional placement
In South Carolina, volunteers are collecting discarded oyster shells and returning them to coastal waters for habitat restoration. The SCORE program has seen significant community involvement, with over 25,000 volunteers participating in oyster reef projects. Recycled shells create environments where marine life can thrive and support local ecosystems. The restoration began to reveal positive changes just a few years after implementation.
Nalco to commission India's first gallium recovery plant this month: CMD
Nalco targets 488,000 tonnes of aluminium output in FY27, expects margin pressure in H2 as global prices soften and plans to commission its Anugul smelter expansion by 2030
Delhi govt plans 5-acre 'world-class' Chhath ghat at ITO featuring sculptures, fountains and a plaza
The Delhi government is set to develop a 5-acre Chhath ghat along the Yamuna near ITO. This project aims to create an aesthetically appealing and environmentally sustainable site for Chhath puja. It will include various artistic features, landscaping, and amenities for public comfort. A consultant will prepare a detailed report and plans for construction based on the public works department's guidelines.
Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay Software Ltd and Sembcorp Green Infra recently received approval from Sebi for their initial public offerings, marking a major milestone in their growth journeys. Razorpay aims to secure Rs 5,000-6,000 crore to enhance its financial services platform, while Sembcorp Green Infra plans to raise Rs 3,750 crore to bolster its renewable energy initiatives.
'Sandpapergate' only part of the story behind reverse swing's decline
Reverse swing is a crucial skill for fast bowlers, but its prevalence is declining in test cricket. Factors contributing to this decline include the impact of the 2018 Sandpapergate scandal and changes in match conditions. Some players are now hesitant to work on the ball due to fear of repercussions. Additionally, the rise of wobble-seam bowling has reduced the focus on reverse swing techniques.
China rules out hosting 2028 UN climate talks: Report
China has ruled out hosting the UN climate talks in 2028 after considering the option for months. Another Asian-Pacific nation may now have the opportunity to host COP33 due to this decision. Earlier, India had withdrawed from hosting this event, while South Korea has expressed interest. The upcoming climate talks will assess global progress on climate action and evaluate the goals of the Paris Agreement.
WazirX on Crypto's Inflation, ETF and Nvidia Headwinds
Mumbai (Maharashtra) [India], November 13: Crypto markets weakened over the week as inflation concerns, rising bond yields and sustained ETF withdrawals outweighed early support from recovering equities and lower energy prices. In the supplied weekly snapshot, Bitcoin fell approximately 5.5%, from USD 74,979 to USD 70,880, while Ethereum declined around 5.4%, from USD 2,124 to USD 2,010. Both approached important support regions, with stretched selling momentum creating scope for temporary rebounds but offering no confirmation of a sustained recovery.
An auctioneer named Malo de Lussac discovered a valuable oil painting by Eugne Delacroix in central France. This painting, titled 'Study of Reclining Lions,' had been in one family since the mid-1800s. It depicts seven lions and includes certificates authenticating its provenance, linking it to Delacroix's work. The artwork estimated at 200,000 to 300,000 sold for 455,000 in late March.
RBI approves Pratap Singh as Fino Payments Bank MD and CEO for 3 years
Singh, a banking veteran with over 29 years of experience across India and the UK, will take charge from November 27, subject to shareholder approval, the bank said on Friday
Modi says energy security steps taken over last decade helped India weather West Asia crisis
Prime Minister Narendra Modi inaugurated various welfare projects worth over Rs 15,600 crore in Bengaluru. These projects include initiatives related to renewable energy and petroleum infrastructure. Modi emphasized the importance of energy security amid the ongoing crisis in the Middle East. The Prime Minister also dedicated the Metro Pink Line to the public for improved connectivity.
INOX Air Products plans 27% capacity expansion on buoyant demand
Steel will account for nearly 84 per cent of the upcoming on-site capacity, followed by solar at 7%, non-ferrous metals at 5.5% and electronics and semiconductors at 2.5%
Is Microsoft Outlook outage resolved today? Microsoft has started restoring its services after a major outage disrupted Outlook, Hotmail and Microsoft 365 across several countries. Some users have regained access, but others still face email and login problems. Claude's Microsoft 365 tools have also been affected. Microsoft has yet to confirm full recovery or announce when all services will return to normal. Microsoft 365 has more than 430 million users, according to the company. Downdetector recorded nearly 130,000 Outlook complaints at the peak of the disruption.
The ET Business & Professional Services Innovation of the Year category highlights innovative services that effectively address specific organizational needs, focusing on measurable value creation. Eligible companies must demonstrate client adoption, repeat business, and exemplary execution while showcasing how their unique service delivery models differentiate them in the market.
Mutlibaggers: 7 stocks held by 100+ MF schemes in October rally up to 300% in FY27
An ETMarkets analysis identified seven stocks held by over 100 mutual fund schemes that have more than doubled in FY27 so far. Sterlite Technologies led with 303% gains, followed by Welspun Corp, Ather Energy and Laurus Labs.
Rahul Gandhi files reply in defamation case linked to Hathras gangrape case
Rahul Gandhi has submitted his reply regarding the defamation complaint related to his statements in Hathras. The court previously dismissed the complaint, prompting Gandhi to challenge this decision. Legal representation for three acquitted men claims Gandhi's remarks were defamatory and insulted them. A notice seeking damages was issued to Gandhi after his comments during a village visit. The next hearing is scheduled for December 7, following the judge's leave.
Former Nvidia CEO Jensen Huang reportedly had an intimate relationship with a second employee at the chipmaker, bringing the number of extramarital affairs involving him to three. The revelations come amid a board probe into whether Huang was targeted in a foreign intelligence operation.
Jagatjit Industries Q2 net loss narrows to Rs 4 cr, revenue rises 90%
Jagatjit Industries Ltd has reported a net loss of Rs 3.96 crore for the second quarter of FY27, significantly improving from Rs 27.91 crore lost during the same period last year. Total income surged to Rs 195.43 crore, up from Rs 103.11 crore. In the first half of FY27, the company posted an overall net loss of Rs 12.23 crore, a decrease from Rs 37.81 crore.
Rabbit Island, located in southwestern Louisiana, is undergoing an extensive restoration project aimed at reviving habitats for colonial waterbirds. Initiated in 2020, the initiative tackles erosion and habitat loss brought on by various challenges. The first season saw over 11,600 nests discovered, exceeding expectations considerably. To further combat erosion, limestone rock baskets were installed, enhancing the area's viability for wildlife.
COVID-era Wuhan party boss under investigation, says China's anti-graft watchdog
Wang Zhonglin, the former party chief of Hubei and Wuhan, is under investigation for corruption. This follows his earlier prominence during the COVID-19 pandemic, particularly appointed as Wuhan's top official in February 2020. He served as governor of Hubei in 2021 and later became the highest-ranking official in the province. Additionally, several other senior officials from pandemic-era Hubei have faced investigations and serious consequences.
CCPA penalises Ola over advance tip solicitation, terms it unfair practice
The Authority has also directed Ola to immediately discontinue the practice, holding that it misleads consumers, constitutes an unfair trade practice and employs a dark pattern.
Twelve people killed in bus-truck collision in Assam's Kaziranga
A tragic accident occurred near Kaziranga National Park when a minibus collided with a container truck. At least seven people have died due to the crash, and efforts to retrieve the bodies are ongoing. Local authorities are assessing the situation and managing relief operations for the injured. The minibus was reportedly speeding and lost control before the collision. The critically injured have been transferred to nearby hospitals for treatment.
Mumbai (Maharashtra) [India], November 13: Nurture Well Industries Limited (BSE: 531889), a diversified FMCG food company with a growing presence across bakery and processed food segments, today announced its unaudited consolidated financial results for the Second Quarter and Half Year ended September 30, 2026.
The successful reintroduction of California red-legged frogs to Yosemite marks a significant achievement in conservation efforts that began in 2016. With the first breeding in 2019 and the special release of the 10,000th frog, affectionately named 'Twain', these frogs now thrive in the valley, representing generations of recovery. Future plans include raising and releasing additional juveniles to ensure continued population growth within this iconic national park.
Tata Sons rejects Noels request for audio-video recording of Sept 17 board-meet
The company said it has no practice of sharing audio-video recordings of in-person board meetings, intensifying differences between Tata Trusts and Tata Sons over the leadership decision.
Tata Sons rejects Noel Tata's request for Sept 17 board meeting recording
Noel, the only dissenter on the vote for the reappointment, had sought the recordings through a series of communications to Tata Sons
Gillette India Q2 profit jumps 11% to 159 crore as cost savings cushion commodity pressures
Revenue from operations rises 4.4% to 846 crore from 811 crore a year earlier
Crystal Crop Protection's unlisted shares are commanding a 16-18% grey market premium ahead of its Rs 455.5 crore IPO. The public issue opens on November 18, with a price band of Rs 259-272 per share.
Paytm has received preliminary RBI approval to issue digital wallets through its subsidiary PPSL. The company must complete a system and cybersecurity audit and obtain final authorisation before restarting its wallet services for customers.
Grasim Industries Q2FY27 results: Net profit jumps to 2,306 crore
The Aditya Birla Group flagship's standalone net profit jumped to 2,306 crore ($244.93 million) for the quarter ended September 30, from 805 crore a year earlier
TVS Motors India 2W business head Gaurav Gupta to exit on December 24
Gupta, who is a Senior Management Personnel (SMP) of the company, will cease to be an employee and a member of the senior management from the close of business hours on December 24
KPI Green Energy Q2 net profit dips 21% to 92 cr
Total revenue jumps 16% year-on-year to 741 crore
Risto to set up 100 EV charging stations in Keralam; new logo unveiled
Risto aims to provide users with a seamless and convenient charging experience while supporting the development of green mobility infrastructure through this new initiative
Paytm gets RBI's in-principle approval to issue prepaid wallets in India
Paytm Payments Services has received in-principle RBI authorisation to issue prepaid payment instruments, including wallets, subject to obtaining final approval from the central bank
New Delhi [India], November 13: Meevaa Foods by Zappfresh, the export-grade vegetarian frozen foods range from Zappfresh, has had its brand identity recognised on Branding Style Guides, an international archive of brand identity systems used by designers, agencies, marketers and design students worldwide. Launched in January 2026 and just ten months into its journey, Meevaa's 68-page brand guidebook has been tagged as a Featured guidebook and has made it to the platform's Most Popular section, a category of only 30 brand guidelines selected from across the world, where it is the only frozen food brand. The platform's wider library holds over 3,500 brand guidelines from around the world.
MobiKwik has received RBI registration to operate as an NBFC through its subsidiary, MobiKwik Financial Services. The company expects to begin operations in three to six months and aims to disburse 5,000 crore in loans over the next three to four years.
New Delhi [India], November 13: Recykal, India's leading technology platform for waste management and circular economy, announces cricket icon Sachin Tendulkar joining as a strategic investor, reinforcing its mission to make responsible waste behaviour a national habit.
Passenger vehicle dispatches record highest-ever for any October this year: SIAM
Two-wheeler and three-wheeler sales also report positive growths in October 2026 on y-o-y basis
IPO-bound Atomberg looks beyond appliances with 100 crore R&D push
The company plans to use IPO proceeds to deepen its engineering capabilities and expand into new consumer categories and proprietary components
Microsoft global outage hits Outlook, Teams and AI services: What went wrong?
Microsoft's global outage disrupted Outlook, Teams, Copilot and other services, affecting businesses, airlines and government operations. Microsoft is exploring alternative fixes after initial recovery efforts failed to restore services fully.
BYD brings its luxury electric brand Denza into India, introduces two models
Dish TV Q2 results: Net loss at 295 cr, higher than revenue of 292 cr
Dish TV India's consolidated net loss in September quarter FY27 widened to Rs 295.74 crore, exceeding its revenue from operations of Rs 292 crore for the period due to higher expenses. In the year-ago period, the loss stood at Rs 132.65 crore. Revenue from operations was flat at Rs 292 crore in September quarter as against Rs 291 crore a year ago. Total expenses were up 36.74 per cent to Rs 590.67 crore. In the September quarter, Dish TV's subscription revenue was Rs 179.5 crore, down 22.76 per cent. It contributed 61.5 per cent to Dish TV's revenue in the quarter. However, the company said it had a gain of 2.10 lakh subscribers during the quarter. Dish TV's active subscriber base increased to 75.56 lakh as against 73.46 lakh at the end of June 2026. This marks a sequential improvement following the decline of 4.38 lakh in the active subscriber base during Q1 FY27, it said. Operating revenue was flat at Rs 292 crore in the September quarter. It includes subscription revenues,
CCPA fines Ola 10 lakh over pre-ride tipping feature, orders discontinuation
The authority found that messages such as Adding a tip might help increase the chances of getting a ride faster and Tip now to boost the chances of getting a ride sooner created a misleading impression that additional payments could accelerate ride confirmation.
Pune (Maharashtra) [India], November 13: Symbiosis International (Deemed University) announces the closing of its registration window for the Symbiosis National Aptitude (SNAP) Test 2026 on 25th November 2026 (Wednesday). SNAP is a national-level entrance examination for M.B.A. aspirants. With over five decades of academic excellence, Symbiosis remains a top choice for students seeking management education that is globally relevant, industry-aligned, and academically rigorous.
SpiceJet Board to consider fundraising proposal on Nov. 18 amid operational headwinds
Shares of the company rose nearly 5% to 8.67 apiece in late afternoon trade on the BSE
ASEAN's Myanmar dilemma deepens as Thailand pushes for junta's return
ASEAN is poised to reassess its decision regarding Myanmar's military-backed leadership during the upcoming summit. Following recent elections won by the military, several member nations have increased engagement with Myanmar officials. Thailand has advocated for Myanmar's inclusion in high-level meetings, paving the way for potential diplomatic dialogues. Humanitarian concerns and civil conflicts continue to pose challenges for ASEAN's consensus and collective action.
Delhivery signs MoUs to deploy up to 2,000 electric commercial vehicles
The logistics firm plans to deploy 1,500-2,000 electric commercial vehicles over 12-18 months and scale the fleet to about 5,000 units within three years
Ola Electric expects dealer shift to weigh on gross margins, improve operating costs
Bhavish Aggarwal said operating margins would improve meaningfully from Q3 onward, though gross margins were expected to decline somewhat
How Jensen Huang transformed Nvidia into a tech giant: From gaming graphics to AI superpower
Nvidia co-founder Jensen Huang transformed the company from a gaming graphics chipmaker into a global AI powerhouse. His early bet on GPUs, CUDA software and AI computing helped Nvidia become a critical supplier of chips and infrastructure powering the artificial intelligence boom.
Bajaj Auto tops auto PLI payouts in FY26, ahead of Tata Motors, Ola
Investment exceeds five-year projection, but employment reaches only 46 percent of target
RBI approves Pratap Singh's appointment as MD & CEO of Fino Payments Bank
Fino Payments Bank on Friday said the Reserve Bank of India has approved the appointment of Pratap Singh as MD & CEO of the bank for a period of three years. The appointment is effective from November 27, 2026, or the date of taking over charge, whichever is earlier, Fino Payments Bank said in a regulatory filing. The board will take necessary steps for his appointment, which will be subject to approval of shareholders of the bank, it said. Currently, Chief Financial Officer of the bank Ketan Merchant is serving as the lender's interim CEO. Merchant was appointed interim CEO following the arrest of then Managing Director and CEO Rishi Gupta for violating laws related to the Goods and Services Tax in February. The Directorate General of GST Intelligence (DGGI) arrested Gupta for alleged use of shell companies and payment aggregators to funnel illicit funds generated by online money gaming. Singh is a banking sector veteran with over 29 years of experience across India and the UK,
SpiceJet board to consider fresh fundraising proposal on November 18
Budget carrier SpiceJet on Friday said its board will consider a proposal for raising fresh funds on November 18. In recent times, the airline has been facing significant financial and operational headwinds. It has also curtailed flights. SpiceJet said its board would meet on November 18 to consider and approve the proposal for raising fresh capital. The fresh capital could be raised y way of issuance of equity shares, preference shares, debt securities and/or other permissible instruments, through preferential issue, qualified institutions placement or any other mode, it said in a regulatory filing. Shares of the company rose nearly 5 per cent to Rs 8.67 apiece in late afternoon trade on the BSE. The airline's domestic market share dropped to 0.6 per cent in September from 1.2 per cent in August, according to the latest DGCA data.
Pushpa Jewellers posts 83% rise in Q2 profit on strong demand
Income rose 83% to 314 crore (172 crore prior); EBITDA up 60% to 27 crore (17 crore)
MakeMyTrip ropes in 30,000 domestic, 3,500 international hotels, homestays
MakeMyTrip announced that the second edition of 'Travel Ka Muhurat Sale' goes live from November 14, 2026, for travellers planning their year-end holidays
Delhivery partners with Tata Motors, Euler Motors, Montra Electric to deploy up to 2,000 eCVs
Delhivery plans to put close to 5,000 eCVs into operation within three years
Santosh Janardhan, Meta Platform's long-time head of infrastructure and co-head of engineering, will leave the tech giant in early 2027. Current vice president of infrastructure Dave Brown will suceed.
Mumbai (Maharashtra) [India], November 13: Golkunda Diamonds & Jewellery Limited (BSE: 523676), a manufacturer and exporter of fine jewellery to leading international retail chains, today has announced its unaudited financial results for the quarter ended September 30, 2026 (H1 & Q2 FY27).
SpiceJet to file overdue financial results after BSE warns of suspension
SpiceJet's share of India's domestic aviation market, the world's third-largest, has plunged to just 0.6% from nearly 15% in 2019
Jindal Power gets $470-million loan for Botswana project
Axis Bank Ltd., ICICI Bank Ltd. and Export-Import Bank of India have together provided the 9-year door-to-door facility to Jindal Power
Why Ola Electric is closing stores and turning to dealer-led retail network
Ola Electric has stopped taking orders through its own stores and plans to shut most of them by December, as it shifts to dealers to cut costs, improve working capital and ramp up sales
Aamir Khan Productions and Excel Entertainment are partnering to launch a microdrama platform in India. The venture will combine their existing content libraries with original productions and digital creator partnerships, with a telecom partner supporting distribution.
The Sydney-listed litigation financier bankrolled Kleros Capitals $6.4 million legal battle against Tata Powerand could walk away with a 40x return if Singapores apex court upholds the award.
Adani Energy acquires smart metering player IntelliSmart for 3,050 crore
Adani Energy Solutions on Friday said it has acquired IntelliSmart Infrastructure from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) for Rs 3,050 crore, a move that will boost the Adani Group entity's presence in the smart metering space. The Rs 3,050-crore transaction includes the acquisition of 100 per cent equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. IntelliSmart Infrastructure provides advanced metering infrastructure for electricity and deploys certain smart gas meters in the country. In an exchange filing, Adani Energy Solutions Ltd (AESL) said it has completed the acquisition of 100 per cent of the equity share capital of IntelliSmart from NIIF and EESL, and the optionally convertible debentures of IntelliSmart held by NIIF have been redeemed. On October 30, the fair trade regulator, the Competition Commission of India (CCI), approved Adani Energy
MSCI rejig: Which stocks may see the biggest inflows & outflows?
In a significant update, MSCI has revealed modifications to its indices, impacting several Indian stocks starting November 30. This shift is predicted to boost India's representation within the MSCI Emerging Markets Index. Notable stocks like Coforge and LIC are anticipated to attract considerable investments, while PI Industries may experience a decline.
Im a piece of sh--: Inside Jensen Huangs final hours as Nvidia CEO
Jensen Huang spent decades building Nvidia into a multi-trillion-dollar AI chip behemoth. Now, in the eyes of the people in the room, he had given up.
Nvidia co-founder Jensen Huang resigned as CEO after admitting to an extramarital affair and facing allegations involving a woman suspected of being a Chinese spy. His final hours at the company were filled with despair, according to a report.
