Tata Consultancy Services Ltd. has won a large deal from the country’s largest commodity exchange Multi Commodity Exchange () to build a new technology platform for trading as well as post-trade functions. The project, dubbed Udaan, is among the largest and most complex projects that is currently undertaking in India, bringing low-latency, high volumes and … Read more
Union minister Nitin Gadkari on Thursday said that the government will make it mandatory for all vehicle manufacturers to make flex-fuel engines, after it gets permission from the Supreme Court. Flex-fuel, or flexible fuel, is an alternative fuel made of a combination of gasoline and methanol or ethanol. Addressing the annual session of industry body … Read more
Consumer financier Bajaj Finance, which launched its wallet business this July, is aiming to onboard 20-25 million wallets onto its fold by March 2023. The company is currently onboarding 800,000 to 1 million new wallets every month, managing director (MD) Rajeev Jain said. Addressing an analyst call organised by Morgan Stanley, Jain said, “We are … Read more
Treasury Sec. Janet Yellen said Congress has until October 18 to raise the debt limit. She previously said the government’s ability to pay its bills will run out sometime in October. The GOP struck down a bill that would have raised the limit on Monday, refusing to help Democrats. See more stories on Insider’s business … Read more
The Supreme Court on Tuesday threw out Adani Gas Ltd’s challenge to the decision of the Petroleum and Natural Gas Regulatory Board (PNGRB) to award the city natural gas distribution (CGD) network for Sanand, Bavla and Dholka in Gujarat to Gujarat Gas. A bench of Justices U U Lalit, S R Bhat and Hrishikesh Roy … Read more
Swiggy is finalising a new financing round of about $500-600 million that is likely to be led by US asset manager Invesco, according to three people aware of the matter. The exercise is likely to catapult the valuation of the online food delivery company to as much as $10 billion, which is double the valuation … Read more
Currently, India imports almost all semiconductors to meet demand estimated to reach around $100 billion by 2025. (Representative image) India and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia along with tariff reductions on components for producing semiconductors by the end of the year, people familiar with the … Read more
FMCG major Adani Wilmar on Monday said it has opened 12 physical stores under the brand name “Fortune Mart” across six states and plans to start outlets across the country. “Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products,” the company said … Read more
AAHL will acquire a 74% stake in April Moon Retail Pvt Ltd for ₹7.40 lakh, Adani Enterprises said in a regulatory filing on Monday Adani Airport Holdings Ltd (AAHL) will acquire a majority stake in April Moon Retail Pvt Ltd (AMRPL) for a strategic partnership to operate duty free outlets at ariports. A wholly-owned subsidiary … Read more