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
BUSINESS
JSW Steel taps Japan's MUFG for funding Australian coking coal mining company acquisition
The development assumes significance as most major global banks have limited their exposure to fossil fuel assets amidst growing global pressure over climate change, making it difficult for companies to access funds for financing the acquisition of such assets.
BUSINESS
Decoding Hindenberg’s allegations and the REITS connection
A REIT is a hybrid fixed-income instrument offering a transparent, regulated, and diversified platform to earn regular income and potential capital appreciation over a 3-4 year period
BUSINESS
HUL is the best pick for anyone looking to invest in the long-term growth story of India and FMCG industry: Rohit Jawa
Despite short-term challenges, Jawa expressed confidence in HUL's long-term potential, driven by India's expanding consumer market and innovation across core and emerging categories.
BUSINESS
Quick commerce is now one-sixth of HUL’s e-commerce sales, says CEO Rohit Jawa
The HUL CEO pointed out that Q-commerce growth is being led by convenience driven categories such as food and personal care.
BUSINESS
The trend of premiumization has been consistent and resilient and will continue: HUL CEO
Premium growth is outpacing total growth by nearly two times at HUL.
BUSINESS
Our priority is to grow our core brands or introduce Unilever brands to the market: HUL CEO
Over time, we have traditionally acquired brands that met our criteria of complementarity, where we believed we had the right to win, and were available at a good value, said Jawa
BUSINESS
Investors are increasingly turning to consumer stocks, and HUL stands out: CEO Rohit Jawa
We represent a top-tier global company in the consumer sector, poised to thrive as the Indian market expands two or threefold in the foreseeable future, said Jawa.
BUSINESS
GQG, IHC, ADIA among likely investors in Adani Energy Solutions QIP
Among domestic investors, the QIP is likely to see participation from Bandhan Mutual Fund, and 360 One; some FIIs from US have also sown interest in the deal.
BUSINESS
Chennai Super Kings ownership to be unaffected by India Cements sale
Chennai Super Kings (CSK), one of the eight inaugural IPL teams, was established as a division of India Cements in 2008. It became an independent company after the cement maker hived off CSK by selling its entire shareholding to a trust.
BUSINESS
Surge in investor optimism fuelling Indian corporates' fundraising activity: Nandini Chopra, Alvarez & Marsal
Private companies are expected to increase their investments towards the end of this fiscal year, said Chopra, adding that the manufacturing, industrial, and power sectors are likely to lead this growth.
BUSINESS
Adani eyes Jaypee cement assets through IBC
The insolvency proceedings against Jaiprakash Associates are expected to heat up competition in the fast-consolidating cement industry, which is seeing big players such as UltraTech, Adani, Dalmia and JSW Cement vie for assets across the country
BUSINESS
MC Exclusive: Hybrid Cars could see a budget boost with potential cess cut
The proposal, if implemented, will provide a strong boost to sales of hybrid cars in the country, as it will reduce the tax differential between hybrids and electric cars.
BUSINESS
Raymond committed to creating sustained shareholder value across businesses: Gautam Singhania
There is already a succession plan in place for the Raymond group which is yet to be disclosed publicly. While specifics are confidential, rest assured, a well-considered and robust process is in place, maintains Raymond Chairman and MD.
BUSINESS
HUL turns to AI to make supply chain more agile, efficient
In an interview to Moneycontrol, HUL's executive director, supply chain, Yogesh Mishra discusses the company's strategic focus on rapid changeovers, utilisation of nano factories for smaller batch production, and implementation of AI for stock keeping, predciting supplies and prices
BUSINESS
Blackstone in advanced talks for controlling stake in Haldiram's
Blackstone, along with consortium partners Abu Dhabi Investment Authority and Singapore’s GIC - backers of Blackstone’s global funds - have been in talks with the Delhi and Nagpur-based members of the Agrawal family for the last few months, but differences over valuation of the business have delayed the negotiations.
BUSINESS
JSW-MG Motor readies five new cars, to focus more on EVs, hybrid vehicles
Analysts believe that with its latest portfolio priced up to Rs 35 lakhs, MG is well-positioned to compete directly with its rivals, as plug-in hybrids are seen as a practical choice due to current limitations in charging infrastructure
BUSINESS
Adani Enterprises, Adani Energy Solutions may soon tap markets for QIPs
The two companies plan to use the proceeds to fund capex and growth plans as well as to repay certain borrowings of the company.
BUSINESS
Singtel plans another stake sale round in Airtel via block deals: Sources
The next round could see the telco, owned by Singapore's sovereign wealth fund, sell shares worth Rs 20,000 crore in one or more block deals
BUSINESS
Vodafone Group planning to invest up to Rs 3,000 cr in Vodafone Idea after Indus stake sales
The British telecom company's plan to invest in Vodafone Idea follows the Indian telco's successful Rs 18,000-crore follow-on public offering in April
BUSINESS
Analysis: Mixed signals from regulators confuse derivative traders in India
The surge in trading volumes has sparked concerns among authorities and market participants alike, triggering a debate on how best to address the risks associated with derivatives trading
