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The non-compete payment amounting nearly 5% of the deal valueis intended to prevent Shriram Ownership Trust (SOT), the promoter entity, from launching a rival lending business under the Shriram brand or any other name.
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The Trump administration is finalizing a trade deal with Taiwan that will lower tariffs on island exports and secure significant new investments from TSMC in U.S. semiconductor facilities. This agreement, expected to be announced soon, aims to bolster U.S. national security by increasing domestic chip production amid geopolitical risks.
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Alphabet hit a $4 trillion market valuation on Monday, as the Google parent's sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race.
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NLC India approved the listing of its renewables arm with up to 25% stake sale, announced an interim dividend, and cleared fresh investment plans, as the PSU pushes renewable growth despite lagging recent returns but strong long-term stock performance.
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Logistics services provider Shadowfax is set to launch its Rs 1,900-crore initial public offering (IPO) next week, targeting a valuation of Rs 7,400 crore, people familiar with the matter said on Monday.
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News and Media
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