JSW Energy and JSW Steel are planning to raise a combined ₹2,850 crore, or about $298 million, through shorter-tenor bonds during the October-December quarter, according to bankers familiar with the plans. JSW Energy is expected to raise around ₹1,500 crore through bonds with maturities of up to five years, while JSW Steel could raise approximately…
Rossell Techsys has approved a proposal to raise ₹299.99 crore through the private placement of 25.72 lakh fully paid-up equity shares to SBI Mutual Fund and SBI Optimal Equity Fund. The shares will be issued at ₹1,166 per equity share, comprising a face value and a premium of ₹1,164 per share. As part of the…
The Food Safety and Standards Authority of India (FSSAI) has initiated legal action against Nestlé India over alleged non-compliances involving its infant nutrition products NAN Excella Pro Stage 1 and Lactogen Pro 1. The regulator said it examined the products and their promotional material available on e-commerce platforms and flagged claims including “5 HMOs” and…
BharatPe’s parent entity, Resilient Innovations Private Limited, has filed a petition in the Delhi High Court under Section 9 of the Arbitration and Conciliation Act, 1996, against Centrum Financial Services Limited and JBCG Advisory Services Private Limited over the alleged unauthorized transfer and encumbrance of warrants issued by Unity Small Finance Bank. Seeking interim relief,…
Amazon has launched Alexa+, its generative AI-powered version of the Alexa voice assistant, in India with Early Access beginning Wednesday, offering support for English, Hindi and Hinglish. The service will be free for all users during the Early Access period and will remain free for Prime members thereafter, while other customers will require a separate…
Amazon India’s ultra-fast delivery service Amazon Now has crossed $1 billion in annualised gross sales, marking a major milestone as competition in the country’s rapidly expanding quick-commerce market intensifies. The company said orders on Amazon Now have doubled every quarter since its launch, making it the fastest-growing e-commerce business in Amazon India’s history. The service…
Chevron is planning to expand its global liquefied natural gas (LNG) portfolio, with Argentina and the eastern Mediterranean emerging as key areas of interest as buyers seek greater energy security amid geopolitical disruptions. Chevron’s Global Gas President Freeman Shaheen said recent supply shocks linked to the Ukraine war and the conflict involving Iran have highlighted…
Flipkart-owned digital payments platform Super.money is rolling out autonomous artificial intelligence agents capable of shopping for products and buying digital gold, aiming to differentiate itself in India’s competitive fintech market. Currently serving about 20 million monthly active users, the platform has initiated the rollout of these consumer payment agents—built in partnership with merchants—and plans to…
Amazon Pay and Kotak Mahindra Bank have partnered to launch the Amazon Pay Kotak Business Credit Card, specifically designed to cater to sole proprietors and small business owners registered on Amazon Business. Aiming to help entrepreneurs manage working capital and delay cash outflows, the new co-branded card offers attractive rewards and enhanced credit flexibility. Amazon…
Axis Bank Ltd. is considering splitting its Mumbai workforce across multiple offices as it prepares to vacate its eight-storey headquarters in Worli for reconstruction. The bank has reportedly been unable to find a single office large enough to accommodate the roughly 3,000 employees currently based at Axis House. The premises are expected to be vacated…
