Professional Information Services (NEC)


Adani Group Firms Pledge Shares For Lenders Of AEL: SBICAP Trustee

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SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprise... Read more

Jindal Steel And Power Says Enquiries From European Buyers On Rise

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We did see some increase in the order book and a lot of enquiries (from Europe): Bimlendra Jha, managing director of Jin... Read more

Gautam Adani's $2.5 Bn Share Sale Faces Crucial Day After Rout In Stocks

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For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in re... Read more

Tata's Air India To Seal Half Of Jumbo Plane Order Of 495 Jets: Report

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The order, once finalised, aims to put Air India in the league of large global airlines Read more

Hindenburg Says It Holds Short Positions In Adani Group, Flags Risks

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The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85... Read more

BPCL Plans To Shut Bina Refinery In June For A Month For Maintenance

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The state-run refiner also plans to shut half of its 240,000 bpd Mumbai refinery in western India for three to four week... Read more

Google-backed ShareChat Lays Off 20% Workforce; 500 People To Be Impacted

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Indian startups raised $24 billion last year, a third lesser than in 2021, according to Venture Intelligence Read more

Reviewing Govt's Show Cause Notice On Tax Evasion, Says Samsung India

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DRI sent Samsung India a show cause notice, accusing it of skirting import taxes by misclassifying networking devices ca... Read more

BYD India Targets 15,000 EV Sales In 2023, To Expand Portfolio And Network

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Pure play electric car maker BYD targeting a sales of 15,000 units next year is launching a new model, increasing its di... Read more

Nayara Energy Plans To Shut Its Vadinar Refinery For Maintenance From Nov 1

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Indian refiner Nayara Energy, partly owned by Russian energy giant Rosneft, plans to fully shut its 400,000 barrels per ... Read more

Apple Lays Off 100 Contract Recruiters To Help Slow Spendings: Report

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Tech giant Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spend... Read more

PharmEasy Plans $200 Million Fund Raising At Lower Valuation: Report

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Indian drug and medical services startup PharmEasy is in talks with investors to raise $200 million, but at a valuation ... Read more

JSW Group To Make $7 Bn Bid For Holcim's India Cement Business: Report

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The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus ... Read more

Some Banks Stop Credit For Oil Imports By Rosneft-owned Nayara: Report

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Nayara has not been sanctioned as part of the international response to Russia's invasion of Ukraine, but Russian energy... Read more

ONGC Sells Russia's Sokol Oil To Hindustan Petroleum, Bharat Petroleum: Rpt

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Indian companies are snapping up Russian oil as it is available at a deep discount after some companies and countries sh... Read more

Zomato Faces Backlash After Announcing Plans To Deliver Food In 10 Minutes

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Food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service Read more

Adani Group Nears First Coal Shipment From Shunned Australian Mine

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Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a seven-y... Read more

Flipkart Co-founder Sachin Bansal Takes On ED Over FEMA Violation Notice

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ED had issued a show cause notice to Flipkart, its founders, some investors asking them to explain why they should not f... Read more

Indian Auto Parts Makers' Shares Gain On Report Of Talks With Tesla

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Shares of Indian auto parts suppliers rose as much as 14% following a report that Tesla was in talks with at least three... Read more

Delhi Court Gives Police Three Weeks To Conclude Paytm Ownership Probe

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Ashok Kumar Saxena, 71, said in legal documents that he had invested $27,500 in Paytm parent One97 Communications two de... Read more