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Aditya Birla arm to sell paper, pulp business to ITC for Rs 3,498 crore

Aditya Birla arm to sell paper, pulp business to ITC for Rs 3,498 crore

Aditya Birla Real Estate Limited (ABREL), the realty arm of the Aditya Birla group, on Monday said it got board approval for selling its pulp and paper businesses to ITC for Rs 3,498 crore via a slump sale.

According to the business transfer agreement, Century Pulp and Paper (CPP), situated in Lalkuan, Uttarakhand, will be divested and sold to ITC, as a value unlocking exercise for its shareholders.

Govt to convert Rs 37K cr Voda Idea dues into equity, raise stake to 49%

Govt to convert Rs 37K cr Voda Idea dues into equity, raise stake to 49%

Vodafone Idea (Vi) said on Sunday that the government will convert its outstanding spectrum auction dues into equity shares worth ₹36,950 crore, increasing its stake in the beleaguered telecom company from 22.6 per cent to approximately 49 per cent.

The government is now the single-largest shareholder in the telecom firm.

German firm from chemical sector to invest $1.5 bn in India: Piyush Goyal

German firm from chemical sector to invest $1.5 bn in India: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said a German company from the chemical sector has decided to invest $1.5 billion in India, and a state has identified land for the project.

Though the minister did not disclose the name of the company or the state, he said that the company's head is expected to meet the state's chief minister on Sunday.

'BJP doesn't like Gandhi, MGNREGA named after him': Stalin amid protests

'BJP doesn't like Gandhi, MGNREGA named after him': Stalin amid protests

As hundreds of party workers staged massive protests across Tamil Nadu on Saturday, Chief Minister and DMK president M K Stalin accused the BJP government at the Centre of being "unconcerned" over the plight of the MGNREGA workers.

Flaying the BJP government for not releasing the salaries due for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers, he said they don't like Mahatma Gandhi and the 100 days work scheme named after him.

'PM Modi is a very smart man, India-US tariffs will work out well': Trump

'PM Modi is a very smart man, India-US tariffs will work out well': Trump

US President Donald Trump has once again expressed admiration for Indian Prime Minister Narendra Modi, calling him a “great friend” and a “very smart man.” Speaking at the White House, Trump highlighted the strong relationship between the two leaders and praised India’s economic acumen, even as he reiterated concerns about the country’s high tariffs. Despite ongoing trade tensions, he voiced confidence that negotiations would lead to a positive outcome for both nations.

Elon Musk sells X to his AI firm xAI for $33 billion in all-stock deal

Elon Musk sells X to his AI firm xAI for $33 billion in all-stock deal

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.

Both companies are privately held, which means they are not required to disclose their finances to the public.

RBI allows banks to raise ATM charges to Rs 23 per withdrawal from May 1

RBI allows banks to raise ATM charges to Rs 23 per withdrawal from May 1

The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.

Customers are eligible for five free transactions (inclusive of financial and non- financial transactions) every month from their own bank Automated Teller Machines (ATMs).

Myanmar earthquake kills 694; India, UN rush aid as toll expected to rise

Myanmar earthquake kills 694; India, UN rush aid as toll expected to rise

A 7.7-magnitude earthquake struck Myanmar on Friday, killing at least 694 people and injuring over 1,670. With rescue operations still underway, the toll is expected to rise significantly. The earthquake also caused destruction in neighbouring Thailand, where a high-rise building under construction collapsed in Bangkok, killing at least six people.

Govt notifies transfer of Yashwant Varma to Allahabad HC amid cash scandal

Govt notifies transfer of Yashwant Varma to Allahabad HC amid cash scandal

The Ministry of Law and Justice on Friday, March 28, notified the transfer of Justice Yashwant Varma of the Delhi High Court to his parent Allahabad High Court amid row over alleged discovery of cash from his official residence in Delhi, reported PTI.

Earlier this week, the Supreme Court Collegium recommended his transfer back to the Allahabad High Court asserting the move was separate from an in-house probe being ordered over the alleged discovery of cash from his residence.

Cabinet clears Rs 22,919 crore PLI scheme for passive electronic components

Cabinet clears Rs 22,919 crore PLI scheme for passive electronic components

The Union Cabinet on Friday approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore, Union Electronics and IT Minister Ashwini Vaishnaw said.

It is the first scheme that focuses on promoting the manufacturing of passive electronic components.

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