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
BUSINESS
Alteria Capital becomes Asia’s fastest venture debt firm to cross $750 million of startup debt funding
With over ₹6,000 crore deployed across 200 startups, the firm has been a key player in India’s startup ecosystem
BUSINESS
Confident that the telecom market will eventually stabilise: Brookfield
Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by Canada’s Brookfield Asset Management, has completed the acquisition of American Tower Corp’s India unit for $2.2 billion (Rs 18,200 crore) by beating Indus Towers to become the biggest telecom towers company in the country.
BUSINESS
GSK Velu’s Neuberg Diagnostics in talks with 360One, M&G Investments for $100 mn pre-IPO fundraise
Neuberg had hired investment bank o3 Capital to help raise funds from private equity investors, Moneycontrol reported on 17 April.
BUSINESS
Alkem promoters may sell stake; tap PE firms KKR, Blackstone, EQT
Alkem's promoters, with a 56.38% stake worth about Rs 42,280 crore, have hired Nomura as the banker for the stake sale.
BUSINESS
Vedanta Resources in talks with lenders to raise $1 billion through foreign currency bonds: Sources
On July 25, global rating agency S&P upgraded Vedanta Resources credit rating to B- from CCC+ on the back of improving capital structure and liquidity.
BUSINESS
Adani Power assures Bangladesh of continued supply, seeks speedy clearance of dues
The company urges the Bangladesh government to speed up payments, cites growing pressure from lenders to repay debt taken for building the $2-billion Godda thermal plant in Jharkhand
BUSINESS
Adani Group aims to raise Rs 40,000 crore from retail, HNI investors in 3 years via NCDs
The move aims to diversify its lender base, cut dependency on bank loans, and boost links with retail investors
