Bharti Airtel has increased its stake in Airtel Africa to approximately 79%, following a major share-swap transaction valued at around ₹28,200 crore. The company disclosed the development in a regulatory filing on Tuesday, confirming that it acquired an additional 16.31% stake from Indian Continent Investment Limited (ICIL), a promoter group entity. With this transaction, Bharti…
IT services major Tech Mahindra has signed a 10-year lease for nearly 4 lakh square feet of office space in Hyderabad’s Kondapur area, marking a significant expansion of its commercial footprint in one of India’s key IT and Global Capability Centre (GCC) hubs. According to property registration documents reviewed by CRE Matrix, the company has…
State Bank of India (SBI) has moved quickly to take advantage of the Reserve Bank of India’s (RBI) newly introduced concessional framework for foreign currency non-resident (bank) deposits, offering a high-leverage structure of up to nine times on FCNR(B) investments. The bank is the first major lender to operationalise the scheme following the RBI’s announcement…
Bandhan Bank has raised interest rates on Foreign Currency Non-Resident (Bank) or FCNR(B) deposits, offering up to 7.1 per cent on US dollar-denominated deposits of $1 million and above for tenures of three to five years. The revised rates are part of a limited-period offer aimed at attracting higher foreign currency inflows from non-resident Indian…
Tata Capital has announced that its board has approved a proposal to raise up to ₹36,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, according to a regulatory filing. The fundraise will be undertaken in one or more tranches, subject to approval from shareholders. The proposed issuance may include a…
Adani Ports and Special Economic Zone (APSEZ) has announced an $850 million investment plan focused on technology upgrades, decarbonisation initiatives, and capacity expansion as part of its long-term 2030–2031 growth strategy. The initiative also includes up to $100 million allocated in two phases to accelerate automation and optimisation through its expanded partnership with US-based technology…
The Food Safety and Standards Authority of India (FSSAI) has intensified its scrutiny of food labelling and packaging practices, issuing notices to 15 food businesses for allegedly misleading consumers through brand names, trade names and product claims. The regulator, which functions under the Union Health Ministry, said several companies, including Plan B Plant Based Vegan,…
India’s pollution regulator has alleged that wastewater discharged from a Tata Electronics factory supplying components for Apple’s iPhones has contaminated groundwater in nearby agricultural areas in Hosur, Tamil Nadu, and has warned of a possible shutdown if the company fails to provide a satisfactory explanation. According to a notice reviewed by Reuters, the Tamil Nadu…
A IndiGo flight operating from Lucknow to Delhi was delayed on Friday after a hoax bomb threat was reported shortly before take-off, airport officials said. The flight, carrying around 180 passengers, was scheduled to depart at 10:45 am. According to sources cited by PTI, the crew of IndiGo flight 6E 2111 received information about a…
United States-based digital real estate marketplace Opendoor has announced the complete closure of its India operations, resulting in the layoff of all 250 employees in the country. The sudden corporate exit was confirmed early Thursday by Chief Executive Officer Kaz Nejatian in a social media post on X, citing a strategic pivot toward advanced artificial…
