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
BUSINESS
Why did Vodafone Group sell 18% stake in Indus Towers now?
'Vodafone has been negotiating with the lenders for an extension for the repayment deadline while simultaneously also trying to refinance a large outstanding loan for which it had received an ultimatum from lenders,' sources told Moneycontrol.
BUSINESS
JSW, SAIC plan to take MG Motor public in 3 years
In the run-up to the listing, Sajjan Jindal-led JSW Group will increase its stake in JSW MG Motor India from 35 percent to up to 51 percent at regular intervals
BUSINESS
JSW Group to invest up to $70 billion in next six years, says Parth Jindal
The Indian conglomerate has unveiled an ambitious plan to scale up investments across various business verticals including steel, cement, paints, renewable energy, infrastructure, and automobiles. The planned investment will be funded through a combination of fresh equity, internal accruals, and debt.
BUSINESS
Vodafone Idea gets in-principle approval for Rs 14,000-crore loan from SBI-led consortium: Sources
The proceeds will be used to repay operational creditors, roll out a 5G network, and bid for additional spectrum, sources said. The telco is aggressively pursuing its larger objective of raising Rs 25,000 crore after the successful Rs 18,000-crore FPO
BUSINESS
PFC legal advisors green light SP loan against Tata Sons shares
SP Group had initially begun talks with lenders to secure $1.2 billion to refinance a part of its Rs 20,000 crore debt originally maturing in the last week of May
BUSINESS
KKR, Blackstone, Carlyle, Mankind Pharma eye acquisition of Advent-owned Bharat Serums & Vaccines
In November 2019, Advent International had acquired a 74 percent stake in Bharat Serums from its erstwhile private equity investors Orbimed Asia and Kotak PE, as well as the promoters of the company, the Daftary family, for around $500 million. Later, the PE fund acquired the family's remaining 26% stake.
BUSINESS
Unity Small Finance Bank promoters likely to dilute stake to raise up to $150 million: Sources
BharatPe owns 49% in Unity SFB, and Centrum group the remaining 51%. Sources say BharatPe is likely to pare its shareholding to around 25-26%. Company calls it speculation.
BUSINESS
We're now primed for the next level of growth: BK Goenka
The founder of the Indian multinational Welspun World said that it is poised for the next phase of expansion, but added that it will not be at the cost of stability
BUSINESS
Shapoorji Pallonji group seeks more time to repay lenders
Shapoorji has told the NCD holders that it is in the process of raising funds to repay the debt raised with the support of Sterling Investments Corporation Private Limited. A significant portion of the NCDs were sold to domestic high net-worth individuals by wealth management firms, who were allocated these NCDs by several foreign banks.
BUSINESS
Exclusive: Tata Motors mulls merger of EV subsidiary with passenger vehicles business after demerger
The move aims to create exit opportunities for EV divisions’ existing and future investors after the company’s demerger, which will create two listed entities.
