BUSINESS
Prosus-backed PayU plans to raise up to $300 million ahead of proposed IPO
The fundraise plan comes ahead of the company's proposal to list on the stock exchange, with the minority stake sale being planned to gauge investor demand and set a valuation benchmark for the IPO
BUSINESS
Many wanted us dead but miracles kept us going: Naveen Jindal
"Our objective has been to reduce debt. We want to bring debt down drastically. Going forward, our target is debt not more than 1.5 times our EBITDA. In fact, within the next few years, we want to be net debt positive. We don’t want to carry any debt," said jindal.
BUSINESS
India not a 'dead economy,' the facts tell a different story: Naveen Jindal
Jindal called for stronger safeguards to protect Indian steel industry amid global tariff challenges
BUSINESS
Vodafone Idea in advanced talks to raise Rs 5,000 crore, deal likely to close in next few weeks
According to people directly aware of the matter, the debt will be raised by Vodafone Idea Telecom Infrastructure Limited, a group subsidiary that houses part of the company’s telecom infra and renewable energy assets
BUSINESS
GIC, ICICI Bank to join TPG as co-Investors in $1-billion green-energy NBFC
If approved, the platform will be among the first large-scale, privately backed green financing NBFCs in India
BUSINESS
The aspiration is to build an institution that survives beyond me: Abhinandan Lodha
Beyond land, Abhinandan Lodha, through his firm Abhinandan Ventures, is expanding aggressively into vertical housing, boutique hospitality under the Miros brand and education through Rise, while also backing consumer-first businesses via its family-office funded platform Tomorrow Capital.
BUSINESS
‘Private capex is back, companies are beginning to spend again’: L&T chief S N Subrahmanyan
Subrahmanyan expressed confidence about India and the Middle East, saying both regions have done 'extremely well' for L&T
BUSINESS
Opening nuclear energy to private sector participation key to meeting India’s nuclear ambitions: L&T Chairman
He added that private participation across the value chain, from mining to refining and processing, could make the sector more sustainable.
BUSINESS
LTIMindtree targets top-four spot; realty listing on cards, says L&T chairman
Subrahmanyan said the contribution of projects business to L&T’s overall revenue mix could down if the group’s services businesses grow at a healthy rate
BUSINESS
Private capex revival driving order flows: L&T Chairman SN Subrahmanyan
He added that the Indian private sector is expanding its capacity across sectors such as steel, copper, aluminum, zinc as well as industries such as automobiles and semiconductors.
BUSINESS
It’s never too early: L&T Chairman SN Subrahmanyan on grooming successors
“Succession planning in a complex organization is just not nominating somebody. He has to be acceptable to everyone,” said Subrahmanyan.
BUSINESS
Truce talks between Tata Sons and Shapoorji Pallonji focused on financially viable exit options
Two options are being discussed though talks are yet to reach a conclusion
BUSINESS
Short-term market moves can reflect uncertainty whenever a company announces significant new strategies : Kalyan Jewelers
Kalyan Jewelers reported a strong Q1 performance, beating market expectations on revenue growth and operational metrics. However, the stock closed to 10 percent fall on Friday.
BUSINESS
HUL expects steady demand, bets on macros and consumption recovery to sustain momentum
Hindustan Unilever absorbed most of the price inflation in tea, keeping the product affordable and thereby supporting volume gains. However, now, the company sees price vs cost gap to narrow in the coming quarters
BUSINESS
Demerger-ready ice cream unit may need future fund infusion for expansion: HUL CFO
Management said that given the high-growth, low-margin nature of the category, access to external funding will be crucial for future expansion
BUSINESS
Tata Steel is largely expected to be immune from US tariff threats to its Indian operations
The Tata group firm exports no steel from its Indian operations to the United States, and the company expects any secondary impact- from exporter-manufacturers using its steel, to be limited, MD and CEO TV Narendran told Moneycontrol
BUSINESS
Tata Sons plans $400-mn fund infusion into struggling e-commerce biz Tata Digital
Tata Sons will leverage its dividend income from TCS for the investment in Tata Digital and is unlikely to dilute any stake in TCS, sources said.
BUSINESS
Avendus sale faces delay as KKR, Gaja Capital squabble over exit premium
The deal, valued at approximately $700 million, will mark Mizuho's biggest investment in India, reflecting a major commitment to the Indian market
BUSINESS
Manipal Cards files confidential DRHP to raise Rs 1,200 crore at Rs 12,000-crore valuation
The promoters, led by the Gautam Pai family, hold a 60% stake in India’s largest manufacturer of payment and identity cards. The rest is owned by institutional and public shareholders, including Nuvama Wealth Management
BUSINESS
India becoming a core pillar of our growth strategy: Goldman Sachs’ Kim-Thu Posnett
'We are seeing the making of a multi-year ECM cycle in India, with both structural and technical factors beginning to align,' Kim-Thu Posnett, global co-head of investment banking at Goldman Sachs tells Moneycontrol
BUSINESS
Adani Energy in talks to acquire Megha Engineering’s transmission assets
The deal talks have come at a time when there is a larger family settlement plan between MEIL’s founding duo - uncle-nephew pair P Pitchi Reddy and PV Krishna Reddy - as they restructure ownership of the construction conglomerate.
BUSINESS
JSW promoters to pledge stake to fund Rs 9,000 crore AkzoNobel India deal
The deal, if concluded, would significantly expand JSW's footprint in the domestic paints sector, where it operates through JSW Paints, a relatively recent entrant
BUSINESS
India’s wealthy are seeking purpose beyond returns: Barclays Private Bank's Hussain Selani
In an interview of Moneycontrol, Hussain Selani offers insights into India’s evolving ultra-rich segment, investment trends, intergenerational planning and more. Read on
BUSINESS
PwC former chief Shyamal Mukherjee moves Supreme Court against firm
The case involves a dispute about retirement dues which Shyamal Mukherjee says are payable to him
