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
BUSINESS
Axis AMC's Nachiket Naik says new credit AIF to be fully deployed by July, not chasing 'beauty contest of returns'
Axis AMC's Nachiket Naik said the roughly Rs 740 crore fund - anchored by insurers, corporate treasuries and family offices - is focused on fully secured transactions with an A- rating for the average portfolio.
COMPANIES
SP group inks $3.3 bn refinancing term sheet backed by Tata Sons stake, core assets
The transaction is being structured as a zero-coupon non-convertible debenture (NCD) with a tenure of three years and an expected yield of 18.5–19 percent
BUSINESS
Ant fin willing to give upto 6% discount for Paytm stake sale
The Alibaba group entity will sell 4% of its stake in Paytm on Tuesday; Floor price set at Rs 809.75 apiece.
BUSINESS
Decoding the Supreme Court’s order on BPSL liquidation: What sank the JSW deal
Last week, the Supreme Court had ordered for liquidation of Bhushan Power and Steel, as it pointed out various procedural lapses on the part of creditors, resolution professional and acquirer JSW Steel
BUSINESS
JSW Steel’s 'clean slate' at risk as SC's liquidation order on Bhushan Power and Steel jolts industry
Despite having successfully completed the acquisition and operated the company since 2021, JSW Steel now faces the prospect of unwinding the Rs 19,350 crore deal, raising larger questions about the credibility and finality of the Insolvency and Bankruptcy Code (IBC) process.
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
