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GenAI can add $14-17 billion to India's real estate economy: Report
Consultancy firm EY-Parthenon and realtors' apex body CREDAI, in its report 'GenAI in Indian real estate - Scaling the next frontier of innovation' released on Thursday, stated that the adoption of GenAI could increase sales velocity by 30-50 per cent and reduce project costs.
SC sets aside SAT order directing RIL to disgorge ₹447 crore
The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R
HyFun Foods ties up with Adani Logistics, Evergreen Marine Corp for eco-friendly export corridor
HyFun Foods has launched a new export initiative with Adani Logistics and Evergreen Marine Corporation. This partnership introduces a dedicated rail service for frozen potato products. The move aims to reduce carbon emissions and road congestion. This integrated logistics corridor will enhance HyFun Foods' global export capabilities. The company plans to expand its reach to over 100 countries.
PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
Advent International will invest $150 million in Iscon Balaji Foods as part of a $215 million round, underscoring rising private equity interest in India’s frozen foods and QSR supply chain ecosystem.
No status quo on Adani Port land: Supreme Court
The Supreme Court clarified it did not order a status quo on 108 hectares of grazing land allotted to Adani Ports in Gujarat, rejecting villagers' claims. The apex court stated the written order did not mention status quo and imposed a symbolic cost of ₹2,000 each on the villagers for their clarification applications.