On May 19, 2025, a two-judge bench comprising Justices J.B. Pardiwala and R. Mahadevan dismissed petitions filed by Vodafone Idea, Bharti Airtel, and the Tata Group under Article 32, which sought waivers on AGR interest and penalties. The court reaffirmed that the matter had been conclusively settled through its 2019 ruling and subsequent review petitions,…
Gurugram: Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSU under the Ministry of Power, Government of India, has acquired ‘MEL Power Transmission Limited’, a project SPV with a cost of Rs 558 crore (NCT estimations) to establish a transmission system for the evacuation of power from Mahan Energen Limited Generation Station in Madhya…
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of up to 9.99 per cent of the paid-up share capital of IDFC First Bank by Current Sea Investments BV. The transaction involves Currant Sea Investments B.V. subscribing to 81,26,94,722 compulsorily convertible cumulative preference shares (CCPS) of IDFC First Bank. This will result…
LTIMindtree, a subsidiary of Larsen & Toubro, has emerged as a contender for the government’s major PAN Card 2.0 project worth around Rs 350 crore, sources told Zee Business. This will not impact the company’s financials but could play a pivotal role in improving market perception of the IT firm’s ability to handle major government…
IndiGo on Sunday announced it has placed orders for another 30 Airbus A350, on top of the 30 orders already in place with the French aircraft manufacturer. Announcing the orders, IndiGo CEO Pieter Elbers said that the deliveries of the aircraft will start from 2027. “It was last year that IndiGo signed a deal with…
ITC Limited will make its next investment in Andhra Pradesh, said Sanjiv Puri, Managing Director of the company and CII President, during the CII Annual Business Summit 2025 in the national capital. “The next investment we make will be in Andhra Pradesh, and then you will hear about it very soon, Puri said, speaking with…