Companies

Food giant Wilmar hit by $150 million loss from Pakistan company

The Singapore-listed trader revealed in its full-year financial statement last week that it had made the provision for losses in relation to an 'associated company' in Pakistan

Ajay Piramal reveals the mantra behind his string of M&A successes

From 1988 to 2006, Piramal bought several distressed Indian units of pharma MNCs at 1x their sales and sold them in 2010 to Abbott Ltd. at 9x their revenues

Coal India inventories swell as miner gears up for summer demand

The state-owned company had 115 million tons in unsold stockpiles as of February 26, which are expected to rise through the next month

MC Explainer | Why India is eyeing its own Protection & Indemnity Club

The proposal of a P&I Club in India had earlier been flagged by FM Sitharaman in 2025, who underscored the need for a domestic P&I mechanism to reduce India’s dependence on overseas marine liability insurers

Noel Tata’s tough ask on IPO stalled vote on chairman N Chandrasekaran's tenure

Most critically, Noel sought assurances that the group’s holding company could avoid a public listing

Eternal founder Deepinder Goyal bags EY Entrepreneur of the Year 2025

Goyal will represent India at the EY World Entrepreneur Of The Year Awards in Monte Carlo in June 2025

Billionaire-backed Zoho plans more Mideast, Africa data centers

The firm has appointed Equinix Inc. to set up facilities in the UAE and has started discussions for centers in Saudi Arabia and South Africa

Jindal lines up $1 billion loan in boost for slow market

As part of the financing, Jindal Power Ltd. has already signed an eight-year loan for about $500 million with lenders including India’s Axis Bank Ltd. and ICICI Bank Ltd

Tata Sons chairman N Chandrasekaran says he recommended deferment of decision on extension

Chandrasekaran said 'nothing will change' for the Tata Group, CNBC-TV18 reported

Tata Sons board defers N Chandrasekaran's reappointment discussion after Noel Tata flags issues

Noel Tata reached out to several trustees to explore whether they would reconsider an earlier unanimous decision by the trusts backing Chandrasekaran’s reappointment, sources said

Air India technical incidents such as fuel leaks hit 14-month high

India's second-largest airline has come under scrutiny from the country's safety regulator since a crash last year killed 260 people.

Tata Sons postpones decision on chairman N Chandrasekaran's extension: Report

Last year, the group had approved a third executive term for Chandrasekaran till 2027

LTIMindtree wins $100 million deal with European medtech firm

The IT company did not reveal the name of the European firm

Wage-related provisioning to ease in Q4; New India Assurance says PAT impact temporary

Govt stake steady at 85% and no immediate plan to dilute further, says New India Assurance CMD Girija Subramanian

Qualcomm partners Tata Electronics for auto chip module production in India

Under the partnership, production will take place at Tata Electronics’ outsourced semiconductor assembly and test plant in Jagiroad

SpiceJet more than doubles market share amid capacity ramp-up

The improvement came alongside a 56% expansion in capacity during the October–December quarter (Q3), aided by the induction of 16 aircraft

Ratnagiri Refinery faces fresh setback as Adnoc exits, Aramco reviews stake: Report

The development comes amid persistent delays, largely stemming from land acquisition hurdles and sustained local protests

Space tech startup Skyroot Aerospace plans to raise Rs 1,800 crore: Report

Skyroot is expected to issue fresh primary shares as part of the transaction, with existing shareholders unlikely to see dilution, the report said

CVC taps finance veteran Sanjay Nayar to expand its India operations

Nayar will focus on strengthening relationships and refining strategy as the firm looks to scale up activity in the country

Merger involving $61 billion of debt to help India credit market

The government announced that it will combine state-owned Power Finance Corp. and unit REC Ltd

MC Insider: Strategics trump private equities and a deal for thought

Track the drama, deals and decision-making playing out away from the public eye

India’s stock market will have a better year in 2026, says KKR’s Henry McVey

‘Indian equities compound better than any other emerging market in most developed economies that I have tracked in my 30 plus year career,’ McVey said

Zydus Life agrees $120 million settlement with Astellas over bladder drug

Zydus and its unit will also pay a pre-paid per‑unit licensing fee on sales of its generic Mirabegron in the US from the date of the agreement until September 2027

Hinduja is said to seek $200 million for Ashok Leyland’s OHM Mobility unit

The commercial vehicle maker, part of the billionaire Hinduja family’s namesake conglomerate, is working with an adviser to gauge interest from potential investors

Outbound M&A by India Inc will sustain, says Citi’s Rahul Saraf

In an interview with Moneycontrol, Saraf also highlighted that founders of new-age businesses have now come to a point that they understand what it takes to have a sustainable performance in the market, not just in the IPO