Tata Consumer Products Ltd (TCPL) announced that it has signed definitive agreements to fully acquire Capital Foods, owner of Ching's Secret and Smith & Jones, and Organic India, the Fabindia-backed organic teas and health products maker.
TCPL will pay an enterprise value on a no cash-no debt basis of ₹5,100 crore for 100% stake in Capital Foods.
TCPL said the takeover of Organic India will cost ₹1,900 crore.
Leading power sector financer REC Limited will be given the reins of the National Rooftop Solar scheme as the Centre shifts its focus to decentralised solar for meeting green energy targets.
REC will be made the nodal agency for the scheme to spread its reach across the country and plug the inefficiencies.
Shri Vivek Kumar Dewangan is the Chairman & Managing Director of REC Limited.
South Korean firm Simmtech announced setting up its plant in Sanand at a cost of Rs 1,250 crore as part of creating a semiconductor ecosystem in the state.
South Korean firm has been allotted 30 acres of land and the work will start in the next two-three months. The company will need 6-7 months to set up the plants.
Simmtech is the world's biggest manufacturer of semiconductor substrates.
The US and UK militaries launched strikes against Houthi targets in Houthi-controlled areas of Yemen, marking a significant response after the Biden administration and its allies warned that the Iran-backed militant group would bear the consequences of its attacks on commercial shipping in the Red Sea.
British Prime Minister Rishi Sunak.
Karnataka Chief Minister Siddaramaiah launched the fifth and final poll guarantee of the Congress--'Yuva Nidhi' scheme--at Freedom Park in Shivamogga.
The scheme offers unemployment assistance to graduates and diploma holders who got their degrees in the academic year 2022-23.
The India Meteorological Department (IMD) launched weather related services for farmers, known as Panchayat Mausam Sewa Portal, in English, Hindi and twelve regional languages to help farmers in planning the agricultural activities like sowing, transplantation, application of irrigation, fertilizers, pesticides, etc.
External Affairs Minister S Jaishakar met Iran's Minister of Roads and Urban Development and discussed on establishing a "long-term cooperation framework" for Chabahar port, a strategic maritime facility situated on the southereastern coast of Iran.
Their discussions also focused on International North-South Transport Corridor (INSTC).
To enhance the efficiency of the electronic toll collection system and provide seamless movement at the toll plazas, National Highways Authority of India (NHAI) has taken the 'One Vehicle, One FASTag' initiative, which aims to discourage using a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle.
FASTag uses the Radio Frequency Identification Technology (RFID).
India has been ranked 35th on a global index of countries best placed for leveraging future possibilities while the UK topped the list.
The Future Possibilities Index (FPI), a flagship global future trends study released by Newsweek Vantage and Horizon Group on sidelines of the World Economic Forum Annual Meeting, has Denmark, US, the Netherlands & Germany in in the top 5.
SpiceJet has received a BSE nod to issue equity shares and warrants convertible into equity shares on a preferential basis as part of the company's Rs 2,242-crore fund infusion plans.
The in‐principle approval from BSE allows SpiceJet to proceed with the process of fund infusion, providing the airline with the necessary financial impetus for its growth initiatives.
Ajay Singh, Chairman, and Managing Director of SpiceJet.
PM Narendra Modi has released the 1st instalment of Rs 540 crore to one lakh beneficiaries of the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) rural housing scheme.PM-JANMAN, launched for the socio-economic welfare of Particularly Vulnerable Tribal Groups (PVTGs), aims to improve their conditions by providing basic facilities like safe housing among others.