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Veranda Learning acquires TIME for Rs 287 crore Veranda Learning Solutions Ltd has signed an agreement to acquire T.I.M.E. (Advanced Education Activities Pvt Ltd) for Rs 287 crore. The acquisition includes the business of Spoken English Training under the VETA brand and pre-school operations under the T.I.M.E. Kids brand. This move will help Veranda foray […]
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Coal India’s supplies to power sector rise 14% amid surging demand Coal India Ltd (CIL) has increased supplies to coal-based electricity generating plants by 14.2% in the first half of April. The company’s supplies have hit 1.6 million tonnes per day (MTPA) during this period. However, soaring power demand due to hotter-than-normal summer seems to […]
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Reliance, Ola selected for incentives under PLI scheme for battery manufacturing Reliance New Energy Solar, Ola Electric Mobility, Hyundai, and Rajesh Exports have been selected to receive incentives under a PLI scheme for manufacturing Advanced Chemistry Cell (ACC) Battery Storage in India. Hyundai and Ola Electric have been awarded support for setting up 20 Gigawatt […]
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Will act to reverse store takeovers by Reliance: Future Retail Future Retail Ltd (FRL) accused Reliance Industries Ltd (RIL) of forcefully taking over stores and asserted that it did not hand over any of its retail units to the conglomerate. FRL’s board is committed to taking necessary action to seek value adjustments and reversal of […]
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Reliance terminates sub-lease of 950 Future stores Reliance Retails Ventures Ltd (RRVL) has issued notices on Future Retail for terminating sub-leases of 950 stores it had taken over. The debt-laded Future Group firms have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. In February, RRVL had […]
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Reliance Industries to step up fuel exports to Europe As per reports, Reliance Industries Ltd’s Jamnagar facility is lifting crude processing and deferring planned maintenance to take advantage of surging demand for diesel in Europe. RIL is already sending shipments of the fuel to Europe. The complex in Gujarat can process 1.36 million barrels of […]
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Jet Airways appoints Sanjiv Kapoor as CEO  The Jalan-Rock Consortium, the new promoters of Jet Airways, has appointed industry veteran Sanjiv Kapoor as the CEO of Jet Airways. A Wharton-Graduate, Sanjiv Kapoor is currently the President of Oberoi Hotels & Resorts. Sanjiv has over 20 years of experience in the airline industry, having worked with […]

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