Adani Ports has decided to drop a $553 million US loan for its Colombo Port terminal project in Sri Lanka, opting instead for internal funding. The move aligns with the company’s strategic focus on financial flexibility and efficient capital allocation. The Colombo terminal is a key development in A...
A 34-year-old Bengaluru techie from Marathahalli died by suicide, leaving a 40-page note explaining his reasons, police revealed. Following this, an FIR was filed against his wife and four others for alleged abetment of suicide. Authorities are investigating the detailed note to uncover the circumst...
Lenskart's MoU with Telangana to invest ₹1,500 crore in the world's largest eyewear facility raised questions in Karnataka. Industries Minister MB Patil emphasized Karnataka's open-door policy for businesses but opposed excessive incentive demands, citing cases where requested incentives exceeded 10...
The Union Finance Ministry has revised norms for dividend payments, share buybacks, and stock splits for Public Sector Undertakings (PSUs) to enhance capital efficiency and market performance. The new guidelines, effective from the financial year ending March 31, 2025, were issued by the Department...
ICICI Bank, India’s second-largest bank by market capitalization, has announced substantial updates to its credit card policies. Effective from November 15, 2024, these changes will impact various aspects of credit card services, including reward point caps, transaction fees, lounge access condition...
