Business
SpiceJet has achieved an agreement with Carlyle Group's commercial aviation unit to write off a $40.2 million payment obligation and a $30 million conversion of arrears to equity.
As it prepares to launch its first electric vehicle in January 2025, it intends to solve major consumer concerns such as range anxiety, charging infrastructure, and resale value.
L&T Semiconductor Technologies, a division of L&T, has formed a strategic cooperation with IBM to develop processor designs for edge devices and hybrid cloud systems.
Reliance Retail Ventures, RIL's retail business, has created a 50/50 joint venture with Delta Galil Industries to expand its apparel offerings in India.
The business has replied to the Congress party's charges of special treatment for market regulator Sebi and its chairman.
Vodafone Idea continues to have difficulty obtaining loans from public-sector banks due to its obligations and lack of a clear capital expenditure plan.