The State Bank of India invests Rs 714 crore in TCG Urban Infrastructure for the World Trade Centre project in Gurugram. With a total cost of Rs 1,211 crore, TCG has infused substantial capital for construction, while SBI s investment supports the project s development. TCG is a New York-based conglomerate with diverse investments globally, including real estate.
During FY 2023-24, a total of 1,85,312 companies were registered with a collective paid up capital of Rs 30,927.40 crore, according to the corporate affairs ministry s information bulletin for March.
Ten companies, including these three, accounted for 33% of the total spends on CSR in FY23, according to data shared exclusively with ET by primeinfobase.com, an initiative of Prime Database Group.
NCLAT rejected REL s appeal regarding Burman s share acquisition. CCI ensures fair competition. Justice Khanna and Mehrotra maintained status quo. Fraud allegations, ESOP issuance, remuneration without approval are under scrutiny.
Global and Indian companies like Coca-Cola, Apple, and Reliance Retail anticipate a successful year ahead with strengthened demand post-March, despite global economic challenges. Robust growth forecasts are backed by increased consumer spending and a positive outlook for India s GDP.