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Zomato Bans AI-Generated Food Images After Rise In Complaints, Refunds

Zomato Bans AI-Generated Food Images After Rise In Complaints, Refunds

19 August 2024

Zomato, a food delivery and restaurant search engine, has said that it will start eliminating photographs of dishes produced by artificial intelligence (AI) from its platform. This choice was made in response to several consumer complaints about how deceptive these photos were. Zomato’s CEO, Deepinder Goyal, responded to the complaints made by users in a …

Cello World Ltd Launches a New Subsidiary

Cello World Ltd Launches a New Subsidiary

23 August 2024

Cello World Limited has established a wholly owned subsidiary, “Cello Consumer Products Private Limited”. No governmental or regulatory approvals are required for the acquisition, and there is no indicative time period for its completion. It has both authorised and paid-up capital of ₹1,00,000. As the business operations have not yet commenced, details about its size …

Prism Johnson Invests ₹18.72 Crore in Sunbath Sanitary Pvt Ltd

Prism Johnson Invests ₹18.72 Crore in Sunbath Sanitary Pvt Ltd

23 August 2024

Prism Johnson Ltd has announced its strategic investment in Sunbath Sanitary Private Limited, marking a significant step in its expansion within the sanitaryware sector. Prism Johnson has entered into a Shareholders Agreement with Sunbath, a company based in Morbi, Gujarat, which specialises in the manufacturing of sanitaryware. This investment involves Prism Johnson acquiring 50% of …

Emami Ltd Invests in Pet Care: Acquires Stake in Cannis Lupus

Emami Ltd Invests in Pet Care: Acquires Stake in Cannis Lupus

27 August 2024

Emami Limited has subscribed to 4,348 compulsorily convertible preference shares (CCPS) of its associate company, Cannis Lupus Services India Private Limited. Cannis is an associate company of Emami Limited, making this acquisition a related party transaction. However, none of the promoters, promoter groups, or group companies have any interest in Cannis. The transaction has been …

Reliance 47th AGM: What to Expect from India’s Largest Conglomerate

Reliance 47th AGM: What to Expect from India’s Largest Conglomerate

27 August 2024

Just a month after mesmerizing the world with a grand Rs 5,000 crore star-studded wedding, the Ambani family, Asia’s richest, is back in the spotlight. This time, the stage is set for the much-anticipated 47th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) on August 29, 2024. As the date approaches, all eyes are …

Vardhman Textiles Up Over 4%: Here’s Why

Vardhman Textiles Up Over 4%: Here’s Why

23 August 2024

Shares of Vardhman Textiles witnessed a notable surge of over 4% on Friday, reclaiming the significant psychological level of Rs 500. The stock opened at Rs 489, which also marked the day’s low, and quickly climbed to an intraday high of ₹529. As of the latest trading update, Vardhman Textiles is trading at Rs 504.55, …

Tata Technologies Block Deal: 1.2 Crore Shares Change Hands, Stock Surges

Tata Technologies Block Deal: 1.2 Crore Shares Change Hands, Stock Surges

23 August 2024

Block Deal in Tata Technologies  In a significant market move, Tata Technologies witnessed a substantial block deal on Friday, where 1.2 crore shares, accounting for 2.9% of the company’s total equity, were traded. This transaction, conducted at an average price of Rs 1,019.8 per share, resulted in a total deal value of Rs 1,218.5 crore. …

Why Defence Stock HAL Buzzing in Trade Today?

Why Defence Stock HAL Buzzing in Trade Today?

23 August 2024

Shares of Hindustan Aeronautics Ltd. (HAL) soared to an intraday high of Rs 4,864 on Friday, drawing significant attention from market participants. The surge in HAL’s stock price comes in the wake of a key development in India’s defence sector, particularly after the recent signing of the Security of Supplies Agreement (SOSA) between the United …

Kaynes Inaugurates State-of-the-Art Electronics Manufacturing Facility in Hyderabad

Kaynes Inaugurates State-of-the-Art Electronics Manufacturing Facility in Hyderabad

23 August 2024

On August 23, 2024, Kaynes, a global leader in electronic system design and manufacturing, celebrated the opening of its state-of-the-art electronics manufacturing facility in Hyderabad. This event marked an important step in the company’s growth strategy, emphasising its focus on innovation, sustainability, and excellence. The inauguration was graced by the presence of Gaddam Prasad Kumar, …

JSW Energy Expands Portfolio with 300 MW Solar PPA and Wind-Solar Hybrid Project

JSW Energy Expands Portfolio with 300 MW Solar PPA and Wind-Solar Hybrid Project

23 August 2024

On August 23, 2024, JSW Energy Limited announced significant developments in its renewable energy portfolio. JSW Renew Energy Twenty Limited, a wholly-owned step-down subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company Limited (BESCOM). This agreement covers a solar capacity of 300 MW, awarded by Karnataka Renewable Energy …

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