BUSINESS
Estée Lauder doubles down on India as luxury beauty market expands
The overall beauty market in India is expanding faster than GDP — growing 9–10 percent annually, with prestige beauty up 14 percent and luxury beauty at 16 percent. Estée Lauder holds a leading share across these categories and is now focusing on expanding access through new formats and smaller packs
BUSINESS
December deadline: Shapoorji Pallonji faces $1.2 bn debt repayment with Tata Sons stake as collateral
The SP Group may find it challenging to raise funds for the repayment, complicating its efforts to sell its stake in Tata Sons, where it owns a little over 18%.
BUSINESS
Explained: Inside Tata Trusts’ Deepening Divide and What It Means for the Stability of the Tata Group
Tata Trusts, which hold a roughly two-thirds (66%) ownership of the main holding company, Tata Sons, are experiencing growing internal conflict among their trustees.
BUSINESS
Tata Trusts’ board meetings on October 10 to review funding proposals for healthcare projects
Unlikely to discuss Tata Sons board positions, say sources
BUSINESS
How a decision over Tata International funding deepened the rift among Tata Trusts trustees
Noel Tata, who has helmed TIL since 2010 and been associated with the company for over two decades, has long viewed it as a vital bridge between the Tata Group’s domestic and overseas businesses
BUSINESS
NRB Bearings expects GST reforms to aid demand, fast-tracks capacity expansion
The auto component maker expects the 2025 GST overhaul to spur growth in tractors and two-wheelers, which contribute 40% of its revenue.
BUSINESS
Tata Trusts’ power struggle: Sources flag rift over Noel Tata’s authority and possible Tata Sons listing
Ratan Tata, who chaired the Trusts for decades, was known for his sweeping authority. During his tenure, alignment between Tata Trusts and Tata Sons was ensured by the weight of his personal influence
BUSINESS
Will continue at the helm, says Sammaan Capital CEO Gagan Banga post-IHC deal
'The clear mandate to me is to continue to run the company as you are. They are a shareholder backing us with capital, knowledge, and experience but they will operate at the board level,' Banga tells Moneycontrol
BUSINESS
Meet the man behind India’s priciest homes: Kamal Khetan’s luxury gamble
Apartments under Emaance are expected to start at an eye-watering Rs 2.5 lakh per square foot, with ticket sizes crossing Rs 100 crore
BUSINESS
PE major Warburg Pincus looks to raise Rs 4,000 crore in debt for Haier India stake buy
People aware of the matter said the exclusivity period is currently on and that a formal announcement is expected in the coming weeks. The plan is for the Mittal-Warburg consortium to acquire a 49 percent stake, with Haier retaining another 49 percent and employees holding the remaining 2 percent.
BUSINESS
Economy at a tipping point, hospitality best placed to gain: Lemon Tree's Patu Keswani
Growing competition is not much of a worry for the Lemon Tree Hotels CMD. ‘Remember, there was a time when Bata was synonymous with footwear in India... competition came in and fragmented the market but the pie grew much bigger,' he tells Moneycontrol
BUSINESS
Carlyle, ChrysCapital in talks to invest $200 mn in Nash Industries at $500 mn valuation
With multiple facilities in Bengaluru, Pune and Chennai, Nash Industries serves diverse sectors including automotive, aerospace, defense, healthcare, banking hardware and electrical systems.
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
