Vistara Anticipates Air India Merger Legal Nod by Mid-2024

Adani Power Acquires 600 MW Vidarbha Plant for Rs 4,000 Crore

Adani Power (APL), India’s largest private thermal power producer, has completed the acquisition of Vidarbha Industries Power (VIPL), a 600 MW coal-fired plant in Nagpur, Maharashtra, for Rs 4,000 crore. The transaction follows the approval of APL’s resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench, on June 18, 2025, under the Insolvency and Bankruptcy Code (IBC), with the implementation completed on July 7, 2025. With this acquisition, APL’s operational capacity increases to 18,150 MW. The company is on course to achieve 30,670 MW by 2029–30 through a mix ..

Arrow Electronics Opens Engineering Solutions Centre in Bengaluru

Arrow Electronics has launched a new Engineering Solutions Centre (ESC) in Bengaluru to drive innovation and strengthen engineering capabilities across India, Southeast Asia, South Korea, and Japan. The centre will support the development of next-generation technologies including AIoT, edge computing, intelligent sensing, and energy management—particularly in the industrial, automotive, aerospace, and defence sectors. The ESC is designed to assist technology manufacturers and innovators in adopting advanced technologies more efficiently by providing deep engineering support and access t..

Ventive Hospitality, Marriott Ink Deal for 1,548 Rooms Across 7 Hotels

Ventive Hospitality, along with its Promoter Group Companies, has expanded its partnership with Marriott International through the signing of management contracts for seven new hotels totalling 1,548 rooms across India and Sri Lanka. The agreement spans luxury, upper-upscale, and upscale segments, and includes key brand debuts in Varanasi, Mundra, Pune, Navi Mumbai, and Sri Lanka. Three of the hotels—Ritz-Carlton Reserve in Pottuvil (Sri Lanka), Varanasi Marriott Hotel, and Courtyard by Marriott Mundra—are being developed directly by Ventive Hospitality and its subsidiaries. The remai..