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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.
Supreme Court reserves verdict again on Yes Bank’s ₹8,415-crore AT1 bond write-off
After withdrawing its previous reserved judgement in February, the apex court concluded fresh hearings and examined Cabinet records to decide if the administrator of the bank’s 2020 rescue plan bypassed legal procedures.
Advent acquires minority stake in Iscon Balaji Foods
Global private equity firm Advent International is injecting $150 million into Iscon Balaji Foods, a prominent Indian frozen potato product maker. This investment, part of a larger $215 million funding round, will fuel IBF's expansion into new global markets and bolster its manufacturing capabilities. Advent aims to accelerate the company's growth alongside its founder and management team.
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.
Supreme Court rules consumers not liable for unused power plant tariffs
The Supreme Court has ruled that electricity consumers are not obligated to pay tariff charges for a power plant that has stopped supplying electricity. The apex court restored a previous order against Tata Power Delhi Distribution Ltd. This decision means consumers will not bear the cost of a plant that is no longer operational.
Zappfresh in talks for majority stake in GM Foods
Zappfresh is in discussions to acquire a majority stake in GM Foods. This move aims to expand Zappfresh's product offerings. The company is also strengthening its presence in the frozen vegetarian snacks market. This potential deal follows Zappfresh's recent acquisitions. It signals Zappfresh's strategy to increase competition in the food delivery sector.
APEX Tech Acquisition Share Price Today | NYSE: TRAD - Investing.com India
APEX Tech Acquisition Share Price Today | NYSE: TRADInvesting.com India
DCM Shriram divests 50% stake in Shriram Polytech for $5.6 million
DCM Shriram said that the company and Shriram Polytech (SPL) have entered into an agreement with Teknor Apex B.V. for transferring 50% equity stake held by the company in SPL to Teknor, for a cash consideration of $5.6 million.
SpaceX IPO: Saudi Arabia’s PIF eyes $5 billion stake ahead of record $75 billion listing
CNBC earlier reported that the listing was internally codenamed Project Apex. and that SpaceX was working with at least 21 banks. This includes Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley as senior underwriters for the IPO.
APEX Tech Acquisition completes $112 million IPO on NYSE - Investing.com India
APEX Tech Acquisition completes $112 million IPO on NYSEInvesting.com India
Supreme Court rejects SpiceJet's plea, imposes fine
Upholding the January 19 order that also reprimanded SpiceJet for failing to fulfil its obligations even after three years of the apex court's July 2023 order, a bench led by Justice PS Narsimha questioned the airline on how it would justify not paying the amount mentioned in its earlier order.