BUSINESS
Business route taken by India's renewable IPPs will reflect their credit quality: Moody's
Of the eight rated Indian IPPs, the three leading producers by installed capacity -- Greenko Energy Holdings (GEH), Renew Power Private Limited (RPPL) and Adani Green Energy Limited (AGEL) -- each have installed generation capacity of over five gigawatts, which had grown via greenfield development and acquisitions, the report notes.
IndiGo's order for 500 Airbus A320 family aircraft landmark for industry: Jyotiraditya Scindia
"IndiGo's order for 500 aircraft from a single manufacturer is unparalleled, solidifying its status as a pioneer in the aviation sector. This momentous decision will not only revolutionise the domestic aviation market but will also have a profound impact on our nation's economy," Jyotiraditya M. Scindia said.
Adobe's $20 bn Figma acquisition under lens in EU: Report
The EU regulators are preparing to launch a formal investigation into the acquisition, reports the Financial Times. The UK's competition watchdog is also looking into the Adobe-Figma deal. Adobe is already discussing the acquisition with regulators in the UK, EU, and the US.
India set to achieve $300 bn electronics manufacturing target: MoS IT
India can reach $300 billion worth of electronics manufacturing and exports by 2025-26 if specific product segments with high potential for scale are shortlisted and catered to by way of incentives and policy measures, according to the Vision Document 2.0 prepared by the IT Ministry and the India Cellular and Electronics Association (ICEA).
Mandatory footwear norms to be applicable from July 1
The move is aimed at preventing low-quality imported footwear from China, Director General of Bureau of Indian Standards (BIS), Pramod Tiwari, told mediapersons. However, small-scale footwear manufacturers have been given a relaxation in the deadline, and they will have to comply with the norms from January 1, 2024 onwards.
HDFC Ltd inks pact with BPEA EQT-led consortium for 90% stake sale in education loan subsidiary
The valuation of the transaction is approximately Rs 9,060 crore, HDFC said in a stock exchange filing.It is subject to regulatory approvals and dispensations (including the RBI and the Competition Commission of India) in connection with the proposed transaction and continuation of HDFC Credila's business, the filing said.
Sanchez flaunts curves in dark bikini on Bezos' $500 mn yacht
Sanchez in dark sunglasses can be seen lounging on the deck taking selfies, as she stripped off the sarong to reveal her sensational curves in the steamy two-piece aboard the world's tallest sailing yacht, reports Daily Mail. "Her skin appeared sun-kissed as the raven haired beauty relaxed on the deck - her husband-to-be nowhere to be seen," the report mentioned.
'SEBI can't afford to be reactive and wait for a default to happen to take action', says order in IIFL Securities matter
An order by SEBI whole time member S.K. Mohanty said, "While the noticee has brazenly contended that the misdeeds of it didn't lead to default, as a regulator, SEBI is required to be proactive in stopping these kinds of mishaps and audacious misconduct from recurring. SEBI cannot afford to be reactive and wait for a default to happen to take action upon such misdeeds as the notice is trying to persuade and impress upon me."
IndiGo places order of 500 Airbus A320 aircraft; purchase agreement signed at Paris Air Show
The purchase agreement was finalised at the Paris Air Show 2023, with representatives from IndiGo and Airbus present. In a statement on Monday, IndiGo confirmed that the engine selection and the precise mix of A320 and A321 aircraft will be determined in due course.
Jack Ma appears to discuss 'understanding of mathematics' with students
According to a statement from the e-commerce giant's Damo Academy, Ma said that next year's competition will continue to "innovate and bring more fun to people who love mathematics," reports South China Morning Post. Ma also spoke with some of the 685 finalists from 19 countries over video conference.
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