EIH Limited has set up a captive solar power plant to meet electricity needs of its Gurugram properties, The Oberoi and Trident. The captive power plant in Balasar, Haryana will generate 7.5 MW of electricity to meet the energy demands of the two hotels. Spread over 25 acres, the...

ArcelorMittal is in talks with Resurgent Power Ventures Pte for buying out Essar Power’s 1,200-megawatt generation plant in Madhya Pradesh, sources told Bloomberg. As per the report, preliminary discussions have already begun. ArcelorMittal had previously submitted a non-binding offer of Rs 4,800 crore for the same asset, sources told the...

Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on January 11. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers...

In a shock to the system, airlines like Jet Airways, Indigo, SpiceJet and others’ Mumbai flights have seen the heavy demand hit by a slowdown. Yes, a mixed trend is being witnessed in domestic airlines passenger growth and capacity performance over the last two months. What has happened is that the passenger...

The Cabinet Committee on Economic Affairs (CCEA) approved the plan to list seven public sector companies on the stock exchanges through Initial Public Offering (IPO) or Further Public Offer (FPO). These seven companies are Telecommunication Consultants (India) Pvt Ltd, Railtel Corporation India, National Seed Corporation India, Tehri Hydro Development...

Wipro, an India-based information technology company, has donated more than 10,000 new books to underprivileged children in the United States. Source: ReutersBy PTIUpdated: Sat, Dec 08, 201810:40 amPTIRELATED NEWS Wipro, Adani Ports to move out of Sensex from Dec 24; HCL Tech, Bajaj Fin to enter Wipro, L&T Infotech,...

Following a devastating crash by Lion Air airline, Directorate General of Civil Aviation (DGCA) has issued guidelines to SpiceJet and Jet Airways regarding Boeing 737 Max planes. These include issuing directions to crew to divert flight and landing on the nearest, suitable airport. According to government sources, a...

The transaction is an all-equity merger with 4.39 shares of HUL being allotted for every share in GSKCH India. (Source: Horlicks) FMCG major Hindustan Unilever Ltd (HUL) on Monday said its board had approved the merger with GlaxoSmithKline Consumer Healthcare (GSKCH India) through an-all equity deal, valuing the...

Hero Realty, the real estate arm of Sunil Kant Munjal-led Hero Enterprise, has completed many projects in Haridwar and is currently developing projects in Mohali and Ludhiana, Representational Image, Source: IANS Hero Realty has forayed into the Delhi-NCR property market and will invest about Rs 900 crore over...

Microsoft surpassed Apple to become the most valuable company in the United States with a market capitalisation of $753.3 billion. Apple Inc, which became the first US company to reach $1 trillion in August, saw its market cap slide to $746.8 billion due to lower iPhone sales amid...