Adani Group's Vizhinjam International Seaport is all set to see a total investment to the tune of Rs 20,000 crore by 2028 and work on the remaining phases of the port is expected to start by October this year, said Karan Adani, managing director of Adani Ports and SEZ (APSEZ) addressing the trial run inauguration of the port on Friday.

This is India's first transshipment hub and first deepwater container terminal and according to a Bloomberg report, APSEZ itself will be investing around Rs 10,000 crore in the project.

A court here on Friday extended till July 25 the judicial custody of Delhi Chief Minister Arvind Kejriwal in the corruption case linked to the alleged excise policy scam being probed by the CBI.

Kejriwal was produced through video conferencing before Special Judge Kaveri Baweja.

He appeared in connection with the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) cases on the expiry of his judicial custody.

Shares of RailTel Corporation of India (RailTel) hit a new high of Rs 611.10, surging 18 per cent on the BSE in Friday’s intra-day trade amid heavy volumes.

In the past one month, the stock of telecom service provider for Indian Railways has rallied 47 per cent after winning multiple orders worth Rs 161 crore. In the past one year, the stock price of RailTel has zoomed 342 per cent, as compared to 23 per cent rise in the BSE Sensex.

In a relief to Congress leader Rahul Gandhi, the Bombay High Court on Friday quashed a magistrate's order permitting an RSS worker to submit fresh and additional documents in a pending criminal defamation complaint.

RSS worker Rajesh Kunte had in 2014 lodged a defamation complaint before the Bhiwandi magistrate's court, claiming the Congress leader had made false and defamatory statements during a speech that the right-wing outfit was responsible for the assassination of Mahatma Gandhi.

India’s largest IT services company Tata Consultancy Services (TCS) marginally beat Bloomberg estimates for its first-quarter (Q1) of 2024-25 performance, but macroeconomic uncertainties continued to weigh on the management’s demand outlook.

For Q1, TCS net profit grew 8.7 per cent year-on-year (Y-o-Y) to Rs 12,040 crore, but fell 3.1 per cent sequentially.

Goods and services tax (GST) will be applied to 1 per cent of corporate guarantee fees on an annual basis and become applicable from October 23, 2023, the government has said.

This will give relief to companies.

The Central Board of Indirect Taxes and Customs (CBIC) has notified the rules following the decision on corporate guarantees in the GST Council meeting on June 22.

Consumer electronics startup Indkal Technologies on Thursday announced it has entered a trademark licensing agreement with Acer Incorporated to design, manufacture, and distribute smartphones under the Acer brand in India.

The deal marks the introduction of Acer-branded smartphones into the Indian market.

Global IT services firm and India’s largest IT services company, Tata Consultancy Services (TCS), announced a net headcount addition of 5,452 employees. This follows three quarters of negative headcount decline.

At the end of the first quarter of FY25, TCS reported a total headcount of 606,998.

TCS becomes the second firm to announce a net addition, after Accenture.

The Delhi High Court on Thursday listed for hearing on September 9 Chief Minister Arvind Kejriwal's petition challenging the summonses issued to him by the Enforcement Directorate in connection with its probe into an excise policy-linked money laundering case.

A bench headed by Justice Prathiba M Singh granted four more weeks to the AAP leader to file a rejoinder to the reply submitted by the ED.

The much-anticipated wedding of Anant Ambani and Radhika Merchant promises to be an event of grand proportions. According to reports from Hindustan Times, the Ambani family has chartered three Falcon-2000 jets to transport their distinguished guests to Mumbai for the festivities this Friday. Billionaire Mukesh Ambani’s youngest son is set to wed his long-time girlfriend in what is being hailed as one of the most extravagant Indian weddings in recent memory.

Rajan Mehra, CEO of air charter company Club One Air, confirmed that the Ambanis have hired three of his company’s Falcon-2000 jets for the occasion.

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