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UK Court Orders SpiceJet to Pay $8 Million Over Engine Lease Dues

By Uniquetimesorg April 9, 2026 0

A UK court has directed SpiceJet to pay approximately $8 million to aircraft engine lessor Sunbird France 02 SAS over unpaid rent and maintenance charges linked to three engines. The ruling was issued by the London Commercial Court, which granted summary judgment in favor of the lessor, stating that the airline had no viable defense […]Continue Reading

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India Services Growth Slows to 14-Month Low Amid West Asia Tensions

By Uniquetimesorg April 6, 2026 0

India’s services sector expanded at its weakest pace in 14 months in March, as geopolitical tensions in West Asia dampened domestic demand, according to the latest survey data. The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, eased to 57.5 from 58.1 in February, though it remained above the preliminary estimate of […]Continue Reading

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Magnum Ice Cream Acquires Majority Stake in Kwality Wall’s India, Becomes New Promoter

By Uniquetimesorg March 31, 2026 0

Magnum Ice Cream Company Netherlands BV has acquired a 61.9% majority stake in Kwality Wall’s India Ltd (KWIL), marking a significant change in the company’s promoter structure. According to a regulatory filing, the transaction was completed on March 30, 2026, with the incoming promoter purchasing shares from the outgoing promoters in compliance with applicable laws […]Continue Reading

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Black Box Raises ₹386 Crore via Warrant Conversion; Promoters Infuse ₹200 Crore

By Uniquetimesorg March 30, 2026 0

Digital infrastructure solutions provider Black Box, an Essar Group firm, on Monday announced that it has raised ₹386.36 crore through the conversion of warrants into equity shares. The company converted over 9.265 million warrants at an issue price of ₹417 per share, according to a regulatory filing, with all warrant holders fully exercising their rights […]Continue Reading

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Plum Raises ₹1.93 Billion in Series B Led by Peak XV Partners

By Uniquetimesorg March 26, 2026 0

Indian corporate insurance startup Plum has raised ₹1.93 billion ($20.6 million) in a Series B funding round led by Peak XV Partners, valuing the Bengaluru-based company at ₹11.81 billion. The round also saw participation from GMO Venture Partners and existing investor Tanglin Venture Partners, according to CEO Abhishek Poddar. The fresh capital marks a significant […]Continue Reading

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Reliance Jio IPO Plans Advance as Global Investors Eye Stake Sale

By Uniquetimesorg March 25, 2026 0

Indian billionaire Mukesh Ambani’s Reliance Jio Platforms is moving closer to its much-anticipated Mumbai stock market debut, with discussions underway involving 13 prominent foreign investors. According to sources, the company is exploring the sale of around 8% of individual stakes held by these investors as part of the offering. The telecom-to-AI giant, which operates Continue Reading

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Packaging Costs May Push Coca-Cola Bottler SLMG Toward Price Hikes

By Uniquetimesorg March 23, 2026 0

SLMG Beverages, the largest bottler for Coca-Cola in India, has indicated that it may consider raising prices if escalating packaging costs linked to the ongoing Middle East conflict persist. According to Deputy CEO Rahul Kumar, the war has driven up the cost of essential packaging materials such as plastic bottles, caps, labels, and cardboard boxes. […]Continue Reading

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Axis Bank to Invest ₹15 Billion in Axis Finance, Strengthening Consumer Lending Arm

By Uniquetimesorg March 18, 2026 0

Axis Bank has announced plans to invest ₹15 billion (approximately $162.28 million) into its consumer lending subsidiary, Axis Finance, reinforcing its position in India’s growing retail credit market. The investment will be carried out in one or more tranches and is expected to be completed by March 2027. This move underscores the bank’s long-term commitment […]Continue Reading

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India Eases Restrictions on Chinese Investments in Select Sectors

By Uniquetimesorg March 10, 2026 0

India has approved easing restrictions on Chinese investments in certain sectors, signaling a potential reset in economic ties after six years of strained relations. Prime Minister Narendra Modi’s cabinet cleared changes to foreign direct investment (FDI) rules that had restricted investments from China and other neighbouring countries since 2020. Under the revised policy, Continue Reading

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Swiggy Shares Rebound After Eight-Day Losing Streak Despite Market Sell-Off

By Uniquetimesorg March 4, 2026 0

Shares of food delivery and quick commerce platform Swiggy rebounded on Wednesday, March 4, defying the broader market sell-off. The stock opened the session at ₹280, marking a fresh all-time low, but buying interest emerged during the day, pushing it to an intraday high of ₹300.20, around 4% higher than the previous close. The recovery […]Continue Reading