BUSINESS
Raymond ready for export growth as global firms diversify away from China, says Gautam Singhania
At 59, Gautam Singhania is taking a pragmatic view of succession, balancing professional management with his daughters' dreams even as he lays the foundation of a trusted, enduring Raymond for the next generation
BUSINESS
Manipal Cards promoters sell minority stake to Nuvama, may use funds to repay debt
With Nuvama’s investment providing capital, the company is looking to unlock further value across its fintech and identity services businesses, while also improving its balance sheet and funding long-term growth.
BUSINESS
SP Group hits a speed bump on Asia’s largest private credit deal
However, Sterling Investments, which holds a 9.18 percent stake in Tata Sons, has told the RBI that it will increase its capital adequacy ratio over time and may get the regulator’s nod in the coming weeks, sources told Moneycontrol.
BUSINESS
Kalpesh Mehta, the man behind Trump Towers in India, sees early bet on luxury real estate pay off
With deep ties to the Trump family, Kalpesh Mehta built Tribeca Developers into India's leading luxury brand licensor—expanding its Trump-branded footprint as the real estate boom continues.
BUSINESS
Adani integrates healthcare foray with airport expansion strategy
In February, Adani announced a Rs 6,000-crore investment to develop two integrated health campuses in Mumbai and Ahmedabad in collaboration with Mayo Clinic
INDIA
How Aurangzeb's lifelong Deccan wars set the stage for Mughal Empire’s decline
When Aurangzeb died on March 3, 1707, at the age of 88, the Mughal Empire was already in decline. Sir Jadunath Sarkar argues that his death triggered a war of succession that further weakened Mughal power, setting the stage for the empire’s eventual downfall.
BUSINESS
Tata Motors' 'Tesla rival' Avinya electric SUV may be priced around Rs 25 lakh: Sources
Pricing to be determined at the time of launch, says the auto major
BUSINESS
FlyDubai eyes domestic airline venture through Go First acquisition
Busy Bee Airways is already in talks to acquire Go First’s trademarks and flying licence for around Rs 1,000 crore. EaseMyTrip had also shown interest in reviving GoFirst earlier.
BUSINESS
Vedanta Resources in stake sale talks with global investors for Zambia Copper mines
The move comes as the mining conglomerate seeks to raise funds to ramp up production at one of the world's largest high-grade copper deposits.
BUDGET
Budget 2025 is a gentle nudge for India Inc to start capex cycle
The Finance Minister has announced measures to boost consumption along with incentives to enhance domestic manufacturing and export competitiveness, especially for MSMEs
BUSINESS
SP Group nears $3.2 billion refinancing deal with global credit funds
The refinancing will be led by global alternative asset investors Davidson Kempner and Cerberus Capital, with partial financing from Farallon Capital and ARES, which will roll over a part of their maturing debt. An agreement is expected to be signed in March
BUSINESS
UltraTech Cement in advanced talks to acquire HeidelbergCement India
German cement maker Heidelberg owns a 69.39 percent stake in the company, which is listed on the Indian stock exchanges
BUSINESS
Jubilant promoters to tap MFs, HNIs to raise $700 mn to part finance Coca-Cola bottling biz stake purchase
The plan to raise debt from the domestic markets to fund the stake purchase comes even as the promoters have a committed credit line from Goldman Sachs for the entire deal size of Rs 12,500 crore
BUSINESS
Charges of 'imitation' and a social media war: What led up to the Lodha vs Lodha legal feud
Observers said that the case has been a long time coming, with the brothers accusing each other of high debt, financial mismanagement, and violations of a family settlement signed nearly a decade ago.
BUSINESS
MC Exclusive | Must look beyond a few days of share price fluctuation: Ramesh Kalyanaraman of Kalyan Jewellers
'As a promoter and executive director, I believe, the only thing we can do is focus on the fundamentals of our business'
BUSINESS
Why Chairman SN Subrahmanyan’s annual pay stands out in publicly-owned L&T
Subrahmanyan’s total compensation for FY24 stood at Rs 51.05 crore which was 534 times the median pay of an L&T employee
BUSINESS
Will surpass $11 billion in EBITDA this fiscal, Adani group tells investors
The group’s total assets have increased to Rs 5.53 lakh crore to date. Its capital expenditure across verticals reached Rs 75,500 crore in the first half of this fiscal
BUSINESS
Tata Steel shareholders may see further pain as possible $5-billion expense looms in Netherlands
The company has long been aware of the potential ramifications of the alleged violations, but analysts suggest it has failed to take remedial action. Last week, Tata Steel Netherlands submitted a draft environmental impact assessment (EIA) to local authorities, describing it as the "next step" in its green steel initiative.
BUSINESS
Large domestic companies look to M&A to offset challenges of slower organic growth: Rothschild & Co’s Subhakanta Bal
Formalisation, premiumisation, and consumer aspirations are key themes shaping India’s promising long-term consumer sector outlook, said Bal.
BUSINESS
MC Interview | SpiceJet turnaround on track, 70% of claims with lessors and vendors resolved: Ajay Singh
Chairman and managing director shares with Moneycontrol in an exclusive interview that the troubled airline’s turnaround plan is making steady progress with support from stakeholders and customers
BUSINESS
Falling global interest rates may boost global fund investments in Indian infrastructure, says Rothschild & Co’s Aalok Shah
BUSINESS
We evaluate all opportunities, says Anish Shah on possible JV with Volkswagen
In February, the two automakers signed an agreement which includes supply of electrical components and unified cells for Mahindra INGLO range of 'born-electric vehicles'
BUSINESS
Mahindra Finance has made substantial strides in improving asset quality: Anish Shah
Delinquencies, which were a significant concern, have been brought down to under 4 percent, Shah has told Moneycontrol
BUSINESS
Mahindra will play significant role in driving India’s manufacturing growth: Anish Shah
Shah emphasized the company’s commitment to careful evaluation before pursuing any new sector
