Latest Company News Today on September 26, 2024: Live Updates
In the latest company news today, NTPC Green and Mahapreit have joined forces in a joint venture to develop 10 GW of green capacity. This collaboration comes just before NTPC Green’s anticipated ₹10,000 crore IPO, scheduled to launch in early November. The move underscores the growing emphasis on renewable energy sources in the corporate world.
Meanwhile, Radisson Hotels is rapidly expanding its presence across India in response to the increasing demand for branded rooms. Industry estimates suggest that the group’s India division has generated approximately ₹4,000 crore by the end of FY24, highlighting the success of their expansion strategy.
In other news, the Supreme Court has put a halt to creditors’ meetings in Byju’s insolvency case, citing misconduct by the resolution professional. This decision has delayed the bankruptcy proceedings as Glas Trust challenges the removal of its representation in these meetings.
Additionally, Elon Musk’s X is suing an advertising group over a boycott that allegedly cost the platform billions. The lawsuit claims that companies like CVS Health, Mars, and Unilever unfairly targeted the social media platform over safety standards, leading to significant financial losses.
These developments in the corporate world reflect the dynamic nature of the business environment and the strategic decisions being made by companies to adapt to changing market conditions. Stay tuned for more updates on the latest company news.
