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
BUSINESS
Cipla is well-positioned to take advantage of US policy shifts, CEO Umang Vohra
Cipla’s FDA-compliant facilities and its investments in US-based units place it in a strong position to weather potential trade disruptions, says Umang Vohra
BUSINESS
Punit Goenka to face a test of investor confidence at Zee Entertainment AGM
Analysts note that ZEEL’s institutional shareholders, including domestic mutual funds and foreign portfolio investors (FPIs), will play a critical role in determining Goenka’s continuity.
BUSINESS
Alpha Wave Global in advanced talks to pick up minority stake in VLCC backed by Carlyle
Carlyle acquired a 66 percent controlling stake in VLCC in January 2023 from its founders Vandana and Mukesh Luthra for around $300 million
BUSINESS
KKR in exclusive talks to acquire cancer hospital chain HCG from CVC Capital
CVC’s 60.36 percent stake in HealthCare Global is worth around Rs 3,613.97 crore, as the stock’s closing price in the previous week
BUSINESS
Adani Green energy may explore private placement route to finance bonds
Adani Green recently put off its $1.2-billion bond offering which aimed to replace loans taken for the solar and wind assets with 20-year bonds
BUSINESS
Noel Tata’s ascendancy boosts demand for SP Group bonds
The perceived possibility of improvement in ties between the Tata group and the SP Group has given a boost to investor confidence
BUSINESS
Noel Tata emerges as key figure in Tata Trust’s leadership transition
He is currently a trustee of both the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust — two of the most influential entities under the Tata Trusts umbrella
BUSINESS
Adani Enterprises taps Gulf sovereign funds, GQG to raise $2 bn from QIP
Funds to be raised from the proposed QIP are planned to be used for capital expenditure purposes as well as to repay some existing debt of the company and its subsidiaries.
BUSINESS
Heidelberg exploring sale of India business; taps Adani, UltraTech and JSW Cement
Germany's Heidelberg owns 69.39 percent of HeidelbergCement India, which is listed on the local stock exchanges
BUSINESS
Apollo Hospitals in talks to sell stake in multispecialty clinics chain, IFC to exit
IFC owns around 31 percent in the company and first invested in the Apollo subsidiary in 2016
BUSINESS
Shapoorji Pallonji gets bondholders' approval to postpone Rs 1,800 cr interest payment to December end
In June last year, SP Group entity Goswami Infratech raised Rs 14,300 crore through rupee-denominated zero-coupon NCDs from a group of investors, including Cerberus Capital, Varde Partners, Canyon Capital, Davidson Kempner and others. SP Group had to make an interest payment of close to Rs 1,800 crore on these NCDs by September 30.
BUSINESS
Alkem promoter stake sale aimed at JB Chemicals bid
At current market prices, KKR’s 53.77 percent stake in JB Pharma is worth about Rs 15,500 crore
BUSINESS
We have added ECM advisory; will expand debt advisory services: Rothschild & Co India Head Chandresh Ruparel
Ruparel anticipates growth in healthcare, consumer, and financial services sectors, alongside advancements in green hydrogen and renewable energy storage
BUSINESS
Shapoorji seeks Rs 2,000 crore from Davidson Kempner, Deutsche Bank to make interest payments
The talks for raising additional debt come as the group seeks more time for interest payment of Rs 1,800 crore on the debt facility raised by group entity Goswami Infratech
BUSINESS
Blackstone-TPG owned Care Hospitals in advanced talks for merger with Aster DM Healthcare
The merged entity will rank among the top three hospital chains in India, in terms of number of beds, along with Apollo Hospitals and Manipal Hospitals
