Companies

MTNL defaults on loan repayments worth Rs 8,700 crore

In July, MTNL had disclosed defaults of Rs 8,585 crore to the same lenders

Warburg Pincus, Wipro Technologies in advanced talks for Harman's India business: Report

Harman, headquartered in the US, is known for brands such as JBL, Harman Kardon and Infinity

Shapoorji eyes $1 billion debt payment in possible Tata exit

Shapoorji is aiming to settle the outstanding Rs 8,810 crore in bonds that were issued by Goswami Infratech Pvt. and mature in April next year

Air India collaborating with Singapore Airlines on industry best practices: CEO Campbell Wilson

The retrofit of all legacy 27 A320 neo aircraft will be completed by September 2025

Gaja Capital-backed Weaver Services to acquire 75% stake in Centrum Housing for Rs 600 cr: Report

The transaction will take the enterprise value of Centrum Housing Finance to Rs 800 crore, which is double the adjusted net worth of the company

Nayara Energy seeks ships from India to ferry refined fuels: Report

Sanctions-hit Nayara is struggling to get vessels for the supply of refined fuels for its retail stations in India

Private telco body calls for mandatory SIM-binding on OTT apps to tackle cyber fraud, national security threats

COAI warned that fraudsters are increasingly shifting to SIM-independent apps to bypass regulatory checks

Air India taps Singapore Air to bolster fleet upkeep after crash

The airline is preparing to take on pre-flight and daily aircraft inspections, minor repair work and other troubleshooting activities from state-owned AI Engineering Services

Airtel launches sovereign cloud, AI software suit; signs pacts with global telcos

The newly launched Airtel Cloud, built entirely in India, is designed with telco-grade reliability and tailored to manage up to 140 crore transactions per minute

India's semiconductor mission paves way for digital independence, say experts

Students and entrepreneurs in 270 academic institutions and 70 startups are working on world class latest design technologies for developing new products

Tata Trusts asks Tata Sons to try and stay private, provide an exit to SP group: Report

The move holds major significance as it was the first time the Trusts has given its opinion on the issue of RBI’s listing requirements and its desire to give the SP group an exit

BSNL rules out tariff hike, aims to gradually phase out Chinese equipment

The government also plans to replace aging Chinese equipment powering BSNL’s legacy 2G and 3G networks with indigenous 4G infrastructure

Tata Motors-owned Jaguar Land Rover to cut hundreds of managerial roles in UK

In November 2024, the carmaker unveiled a bold rebrand featuring a pink concept car and replacing its big cat logo with a capital J

Centre extends NTPC CMD Gurdeep Singh's tenure by a year

A notification on July 16 said the Appointments Committee of the Cabinet has okayed ministry of power’s proposal to extend Singh’s tenure as CMD of the state-run company

Anant Goenka: Unassuming, ambitious, ardent management theorist

His unassuming demeanour can disarm a business journalist, more used to seeing young inheritors of large family businesses wear their power on their sleeve, writes Latha Venkatesh

Schneider Electric in talks to acquire Temasek’s stake in Indian JV for $1 billion

A potential transaction could value the whole venture at roughly $5 billion including debt

Partners Group seals deal for majority stake in NBFC Infinity Fincorp Solutions

The investment of around $230 million in Infinity was led by Partners Group with participation from existing shareholder Jungle Ventures.

In a first, Tata Sons chairman N Chandrasekaran briefs Tata Trusts board: Report

This direct briefing by Chandrasekaran himself was a notable departure from precedent

Aster DM Healthcare aims to beat Apollo Hospitals to become top healthcare chain: Report

The company plans to increase its bed capacity by 30 percent in the next three years and enter new markets, the report said

Shapoorji Pallonji Group unit eyes $300 million shares-backed loan: Report

The company may look to raise the funds in Indian rupees, and the loan would be backed by shares of Afcons Infrastructure, along with some other real estate assets

Tata Group said to be in talks to buy out investors in Resurgent Power Ventures

ICICI Venture, KIA and OIA, which hold 74% in Resurgent, are seeking a valuation of about $2.1 billion for the whole company, including debt

Sony confident of Rs 10,000 crore revenue in 2–3 years despite tough FY25: India MD

Sony’s PlayStation business in India has quadrupled over the past three years, while its imaging and medical equipment segments are gaining ground

Indian, Japanese firms jointly explore ways to beat China's rare earth curbs: Report

Over a dozen companies from Japan’s electric vehicles and battery industry are in Delhi to find a way out through tie-ups with Indian companies, the report said

Greenko founders borrow $650 million to buy back stake from Orix

The transaction will give co-founders Anil Chalamalasetty and Mahesh Kolli control of an additional 17.5% stake in Greenko