Tata Consumer Products, the maker of Tata Tea, has announced its acquisition of Capital Foods, the company behind Ching’s Secret and Smith & Jones brands.

The buy, at an enterprise value of Rs 5,100 crore on a no cash, no debt basis, will be carried out in a phased manner, with Tata Cons­umer acquiring 75 per cent of the shareholding before March 31 and the remaining 25 per cent within three years, the company said in an exchange filing late Friday evening.

All India Trinamool Congress party leader and chief minister of West Bengal, Mamata Banerjee, pressed the central government to change the state's name from West Bengal to "Bangla '' during a press conference on Thursday. The chief minister questioned the Bharatiya Janata Party (BJP)-led Centre on why West Bengal was being excluded from states that were able to change their names.

This comes days after the municipal body of Ghaziabad decided to change its name.

Parts of the national capital and its surrounding areas were covered in a thick blanket of fog as temperature dipped to 5.4 degrees Celsius on Friday morning.

Due to the fog cover, the visibility levels in Indira Gandhi International (IGI) airport area reduced to zero on Friday morning.

Prime Minister Narendra Modi will inaugurate the 27th National Youth Festival here on Friday which will see participation of youths from across the country. Union Minister Anurag Thakur said on Thursday that thousands of youths have gathered here to participate in the festival that is organised every year on the birth anniversary of Swami Vivekananda.

Maharashtra Chief Minister Eknath Shinde and other dignitaries will also be present on the occasion where the youth will take a vow to make India a developed nation by 2047.

SpiceJet shareholders on Thursday approved the issue of preferential equity and warrants to 63 major entities which includes Aries Opportunities Fund, the Mahapatra family—Preeti and Harihara Mahapatra— and others.

Preeti and Harihara Mahapatra will own a major stake in the airline; 19.95 per cent and 1.99 per cent respectively. Meanwhile, Aries Opportunities Fund will hold 3.99 per cent share in the low cost carrier.

Russian Deputy Far East and Arctic Development Minister Anatoly Bobrakov on Thursday emphasised that Russia is planning to renew the Chennai-Vladivostok route, stressing that they are also planning to visit Chennai at the end of this month for further discussions.

Russian Minister Bobrakov attended the Vibrant Gujarat Global Summit on Thursday, where he emphasised that the summit is pretty effective for their delegation.

India’s information technology (IT) leaders have once again sent out a signal that the macro environment is tough and that their clients are spending cautiously.

Kicking off the earnings season on Thursday, the third quarter results of Tata Consultancy Services (TCS) and Infosys reflected the slowdown in the global markets. While attrition has been contained, addition in the workforce has been negligible. Between the two firms, over 11,000 people have left the firms with no substantial addition.

United Airlines made an emergency landing in Tampa on its way to Chicago on Wednesday after a warning light signalled that a door in the aircraft was open, according to a report by Hindustan Times. The unscheduled landing in Tampa International Airport comes days after a door plug flew off an Alaska Airline plane mid-air. Terrifying videos of the Alaska Airlines incident circulated across social media platforms, raising many concerns regarding safety and aircraft durability.

Delhi is lagging behind in reaching its clean air goals under the National Clean Air Programme. The city has the highest PM2.5 levels, inhalable particles, of 102 micrograms per cubic metre in 2023, an increase of 2.5 per cent compared to levels recorded in 2022. For reference, less than 25 is considered good, and anything between 100-300 is considered "very poor" on the index.

Delhi has consistently reported high levels of air pollution, with the air quality remaining in the "very poor" to "severe" categories on the air quality index (AQI) since December.

Amazon is set to layoff several hundred employees in its streaming and studio operations, the company announced in an internal memo on Wednesday.

The company said the latest job cuts will impact the employees of Prime Video and Amazon MGM Studios. While the workers facing exit were supposed to be intimated on Wednesday, those in the remaining regions will be informed by the end of the week.

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