Adani Power on Thursday said the NCLT Hyderabad bench has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 4,101 crore.

LAPL is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, a BSE filing said.

Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and said Kelly Steckelberg would step down as its CFO.

Shares of the video-conferencing provider were trading 3 per cent higher after the bell.

A sessions court on Wednesday directed Mumbai Police to provide adequate security to an approver in the 1993 serial bomb blast case and his family members.

Sessions court judge V D Kedar stated the man was a star prosecution witness and prime approver and the trial in the case of the belated arrest of seven persons is slated to commence soon.

The death toll rose to 17 on Thursday after a reactor blast in a pharma company in the Special Economic Zone (SEZ) at Atchutapuram in Andhra Pradesh's Anakapalli.

Anakapalli District Collector Vijaya Krishnan confirmed the deaths on Thursday.

The incident happened after a 500-kilo-litre capacitor reactor exploded at a pharma company with around 200 workers still working at the time.

Several brokerages have discontinued their referral programmes after a circular issued by top bourse National Stock Exchange (NSE) prohibited them from offering incentives to referrers unless they are registered authorised persons (APs).

“With a view to safeguard the interest of investors, it is hereby clarified that any person referring a client to the trading member (TM) shall be appointed as an AP of the TM after obtaining specific prior approval from the stock exchange for each such person,” NSE said in a circular on August 14.

Dismissing objections raised by minority shareholders, the National Company Law Tribunal (NCLT)-Mumbai on Wednesday approved the delisting of ICICI Securities Ltd from the stock exchanges.

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold as per the approved scheme.

Zomato to acquire the movie and events ticketing businesses of Paytm's for Rs 2,048 crore, digital payments firm said in an exchange filing on Wednesday.

The company said that it will now focus on strengthening the core payments and financial services distribution.

Sources from the Finance Ministry on Tuesday refuted a media report that the ministry was considering a panel to look into the allegations made by Hindenburg Research against Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch, Moneycontrol reported.

Earlier today, news service Informist cited a senior government official to report that there may be such a panel with representation from Sebi members and government officials.

Anil Dhirubhai Ambani Ventures (ADAVPL), a company owned by Anil Ambani, has approached the National Company Law Tribunal (NCLT) in Mumbai, requesting the court to direct Hinduja-owned IndusInd International Holdings (IIHL) to cease using the ‘Reliance’ brand name as soon as the resolution plan for bankrupt Reliance Capital (RCap), a financial services firm, is implemented.

The NCLT will hear the matter on Tuesday.

Prime Minister Narendra Modi paid tribute to former PM Rajiv Gandhi on his birth anniversary on Tuesday.

"Tributes to our former Prime Minister Shri Rajiv Gandhi Ji on his birth anniversary", PM Modi posted on X.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.