Indian IT and consulting services firm Tech Mahindra on Wednesday signed a Memorandum of Understanding (MoU) with Taiwanese Pegatron to develop private 5G solutions for enterprises. The two companies signed the MoU at the ongoing Mobile World Congress 2024 (MWC 2024).

"The partnership between the organisations will explore mutually beneficial opportunities in the fast-growing private 5G space, positioning it as a catalyst for business growth," the companies said in a statement.

SpiceJet has settled a Rs 250 crore dispute with Celestial Aviation, a subsidiary of one of the largest aircraft lessor groups, through negotiations and has avoided the litigation route, the company said in a stock exchange clarification on Wednesday.

The matter is now scheduled to be withdrawn formally on March 1, and both parties have informed the National Company Law Tribunal (NCLT) bench about the settlement.

Reliance Capital Limited (RCL) announced on Wednesday that its shares might be delisted from stock exchanges as part of the approved resolution plan.

Trading in the stock has been restricted. Shares of Reliance Capital last traded on February 26 when they declined 4.46 per cent to Rs 11.79.

The Bharatiya Janata Party (BJP) may demand a floor test in Himachal Pradesh following the party's victory in the Congress-ruled states during the Rajya Sabha polls.

The Congress party in Himachal Pradesh is grappling with multiple challenges following the outcome of the biennial elections to the Rajya Sabha, where it not only lost the lone seat in the state but also faces potential rebellion from its legislators.

The Supreme Court on Tuesday issued a contempt notice to Patanjali Ayurved and its managing director Acharya Balakrishna for flouting earlier orders and continuing to propagate false and misleading claims about curing diseases with the company’s products. While the court banned Patanjali advertisements with misleading claims, it came down heavily on the Central government saying it was “sitting with eyes closed’’ as the entire country was “taken for a ride’’.

Zydus Lifesciences on Tuesday announced a share buyback of up to Rs 600 crore. It will buy back 5.97 million shares at Rs 1,005 apiece.

In a regulatory filing, the company attached the letter of offer, which said, "Offer to buyback not exceeding 5,970,149 fully paid-up equity shares of the company, having face value of Rs 1 each representing 0.59 per cent of the total number of equity shares in the paid-up share capital of the company.

Shares of railway-related companies were in limelight in intra-day deals on Tuesday a day after Prime Minister Narendra Modi flagged-off and laid the foundation stone for 2,000 rail projects worth Rs 41,000 crore.

As part the ongoing modernisation drive, PM Modi said Indian Railways will be the source of massive investment in the next five years.

TeamLease Services Ltd on Tuesday announced that Sunil Chemmankotil has resigned from the post of chief executive officer at its subsidiary TeamLease Digital Pvt Ltd and will be relieved from his duties on March 25.

"Sunil Chemmankotil will be relieved from the services of the company with effect from the end of business hours of March 25, 2024," the company said.

Following the withdrawal of international brands like Ritz Carlton, Four Seasons, and Park Hyatt from Russia after its invasion of Ukraine, the country's top luxury hotels are seeking partnerships with leading Indian hospitality firms to manage their properties, according to a report by Mint. Russian officials have reportedly approached Tata Group's Indian Hotels Co Ltd (IHCL), which operates Taj luxury hotels, and East India Hotels (EIH), known for The Oberoi hotels, regarding potential collaborations. However, reports indicate that neither IHCL nor EIH has shown significant interest in pursuing these offers.

Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL), and the board of the bank has been reconstituted.

The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank.

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