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All eyes on Election Commission over potential bypoll in Wayanad; experts raise doubt over legality

All eyes on Election Commission over potential bypoll in Wayanad; experts raise doubt over legality

With the Lok Sabha Secretariat on March 24 disqualifying Congress leader Rahul Gandhi as an MP, all eyes are now on the Election Commission (EC) which can now declare elections to his Wayanad constituency as it has been deemed vacant.

The notification declaring Mr. Gandhi’s disqualification as an MP has been marked to the EC, as well as the Chief Electoral Officer of Kerala, among others. Thus the commission can take cognisance of the same and proceed with announcing election in Wayanad, sources in the Lok Sabha Secretariat said.

Zydus Lifesciences gets US health regulator's nod for its generic medicine

Zydus Lifesciences gets US health regulator's nod for its generic medicine

Zydus Lifesciences Ltd on Friday said it has received final approval from the US health regulator for its generic doxepin hydrochloride capsules used in the treatment of depression and anxiety.

The approval granted by the US Food and Drug Administration (USFDA) is for doxepin hydrochloride capsules of strength 150 mg, the company said in a regulatory filing.

Power Grid Corporation board okays raising Rs 600 crore via bonds

Power Grid Corporation board okays raising Rs 600 crore via bonds

State-owned Power Grid Corporation's board has approved rasing up to Rs 600 crore through bonds to be issued on private placement basis.

"Committee of directors for bonds, in their meeting held today i.e. on 24th March, 2023, have approved the raising of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd) issue 2022-23 on private placement up to Rs 600 crore by securitisation of cash flows of 10 years i.e. till FY 2032-33 of its operational SPV (special purpose vehicle) viz. 'POWERGRID NM Transmission Ltd' (PNMTL)," a BSE filing stated.

Former BharatPe CEO Ashneer Grover launches fantasy cricket platform

Former BharatPe CEO Ashneer Grover launches fantasy cricket platform

Ashneer Grover, the co-founder and former CEO of fintech start-up BharatPe, has announced his next venture, CrickPe, a fantasy cricket platform. He shared the news using his Twitter handle.

"Biggest revolution in cricket since (the) Indian Premier League (IPL)—the only fantasy game paying cricketers for performance!" Grover tweeted. Where you win —- cricketer wins -— cricket wins!" As per information on CrickPe's website, it is an app allowing users to play cricket online.

New Starbucks CEO Laxman Narasimhan plans to work in stores once a month

New Starbucks CEO Laxman Narasimhan plans to work in stores once a month

Starbucks' new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company's stores in an effort to stay close to its culture and customers.

Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks' employees Thursday that he also expects the company's leadership team to be connected and engaged in stores.

DMRC seeks review of HC order on plea by DAMEPL in arbitral award case

DMRC seeks review of HC order on plea by DAMEPL in arbitral award case

The Delhi Metro Rail Corporation (DMRC) on Thursday told the Delhi High Court that attachment of its statutory expenses will result in immediate stoppage of the entire Metro network in the national capital, and urged the court to review its order passed on a plea by Delhi Airport Metro Express Pvt Ltd (DAMEPL) owned by Reliance Infrastructure.

DAMEPL has sought payment of unpaid dues by DMRC under a 2017 arbitral award.

Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi

Ambani adopts familiar playbook in India cola battle vs Coke, Pepsi

Indian industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment to challenge U.S. beverage giants PepsiCo and Coca-Cola in a key market.

Controlled by billionaire Mukesh Ambani, Reliance this month launched revamped Campa drinks, sugary sodas popular in India in the 1970s and 1980s before disappearing from shelves as the U.S. giants expanded rapidly in a liberalising economy.

NMDC hikes iron ore lump rate by Rs 100/tonne; fines Rs 200 per tonne

NMDC hikes iron ore lump rate by Rs 100/tonne; fines Rs 200 per tonne

State-owned NMDC on Tuesday said it has hiked price of iron ore lumps by Rs 100 to Rs 4,500 per tonne with immediate effect.

The country's largest iron ore miner has also increased rate of iron ore fines by Rs 200 to Rs 4,110/tonne, NMDC said in a regulatory filing.

Reliance planning hotels, resorts, lodging facility near Statue of Unity

Reliance planning hotels, resorts, lodging facility near Statue of Unity

Reliance's new company, Reliance SOU, is planning to develop hotels and resorts near the Statue of Unity in Gujarat's Kevadia, according to a report in The Economic Times (ET). According to the details available with the registrar of companies, Reliance's new firm will foray into the hospitality industry, engaging in hotels, resorts, and service apartments that will provide short-term lodging facilities. The company also plans to develop lodging facilities on houseboats, according to the report.

Situated along the banks of the Narmada River in Kevadia, the Statue of Unity is a remarkable structure.

Flipkart undertakes management rejig amid resignations, high costs: Report

Flipkart undertakes management rejig amid resignations, high costs: Report

Flipkart, the e-commerce giant owned by Walmart, has reportedly reshuffled executives at the vice-president level in some categories. According to a report in The Economic Times (ET), Ravish Sinha, senior VP at the firm has resigned. Sinha was in the company for 8 years and was the VP of engineering before taking up the role of SVP of supply chain.

The changes were notified to the employees of the firm via an internal note on January 30.

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