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
BUSINESS
Mahindra group is evaluating new opportunities in emerging sectors: Anish Shah
The group has discussed a capex number of around Rs 30,000 crore over three years but may exceed that if new opportunities arise, Shah said
BUSINESS
SP Group asks NCD holders to waive off restrictive covenants to aid loan refinancing against Tata Sons shares
The request for the waiver also comes as the SP Group has faced delays in raising funds to refinance the loans availed by Sterling Investment Corp, which holds over 9 percent stake in Tata Sons.
BUSINESS
To avoid listing, Tata Sons may have to provide undertaking not to access public funds
Tata Sons is said to have sought a clarification on providing guarantees to subsidiaries
BUSINESS
INOX India prefers greenfield expansion over expensive acquisitions: Siddharth Jain
With a stronghold in cryogenic technology, the company's non-executive director says INOX India aims to expand its LNG fuelling infrastructure and explore emerging opportunities like liquid air batteries.
COMPANIES
China exploiting FTA route to dump steel in India: Sajjan Jindal
Speaking exclusively to Moneycontrol, Jindal said that China’s overcapacity in steel production is flooding global markets, with the country’s exports matching India’s entire steel production output
BUSINESS
Our goal is to reach up to $500 million in revenue within the next 5-6 years: Jamil Khatri, co-founder, Uniqus Consulting
Uniqus Consulting has a scalable business model. The fledgling firm is focusing on growth in diverse markets such as the US, the Middle East and India, according to its co-founder, Jamil Khatri.
BUSINESS
Cipla is on a continued growth path, says MD and Global CEO Umang Vohra
From an Indian pharma perspective, I don't anticipate any sweeping changes. India is seen as a reliable and trusted partner in the US, Vohra tells Moneycontrol in an exclusive interview
