Companies

TCL to launch made-in-India Alcatel smartphones

Operating under a trademark license from Finland’s Nokia, Alcatel aims to democratise premium technology

Saudi Aramco looks to invest in Indian refineries: Report

India, the world's third-biggest oil consumer and importer, wants to become a global refining hub as Western companies cut crude processing capacity in their shift to cleaner fuels

Adani restores power supply to Bangladesh as payments resume

Data from Bangladesh Power Development Board shows Adani increased power supply more than two weeks ago

LIC set to buy 40-49% stake in Manipal Cigna Health Insurance: Report

LIC, which has a market capitalization of Rs 4.97 lakh crore, will buy a 40-49 percent stake in the company for a valuation of Rs 3,500- 3,750 crore

Samsung says 'exploring legal options' on $601-million India tax demand

Tax authorities have accused Samsung of misclassifying telecom tower equipment to evade duties, a charge denied by Samsung

TPG, others to buy Siemens Gamesa Renewable Power for $500-550 mn: Report

TPG will lead a consortium of investors that includes Murugappa Group’s Vellayan Subbiah and former JSW Group’s senior executive Prashant Jain

'Identify them young': Sanjiv Bajaj explains Bajaj Finserv's succession strategy

Bajaj, in an interview with Mint, said the group identifies the talent ‘early’ and move them around in various roles across businesses to gain valuable experience

Ad industry raids followed tip-offs under leniency scheme: Report

Japan's Dentsu was at least one firm that has applied for the scheme, one of the people said. Dentsu declined to comment

Bajaj Finserv elevates Rajeev Jain as vice chairman, appoints Anup Kumar Saha as MD

The development confirms Moneycontrol's newsbreak that said both Jain and Saha are set to receive promotions as part of the group's succession planning exercise

Allianz, Jio Financial said to reach initial deal for India JV: Bloomberg

The move comes as the German insurer agreed earlier this week to sell its stake in joint ventures with Bajaj Finserv Ltd

Vikram Solar to venture into fully integrated solid-state cell and battery manufacturing

Company to launch a 1GWh facility, expandable up to 5 GWh

JSW to set up 0.5 million T capacity copper smelter, source says

With this expansion, JSW will compete with billionaire Gautam Adani's group that has set up a $1.2 billion copper smelter in Gujarat

Energy firm Greenko founders get private loan commitments

Anil Chalamalasetty and Mahesh Kolli have received the commitments from Keppel Credit, SeaTown Holdings International, BlackRock Inc., Ares Management Corp., and Nomura Holdings Inc.

Shapoorji Pallonji gets binding bids for biggest India private debt deal

The funds will be raised through local currency bonds with a three-year tenor and negotiations on the final coupon are ongoing

Wipro to realign global business lines to capitalise on new tech opportunities

The tech firm said clients are seeking “integrated, outcome-driven solutions” to boost innovation, the filing said

Tata Sons to participate in Tata Projects' rights issue, invest Rs 1,432 crore: Report

The subsidiary aims to raise Rs 2,500 crore from its shareholders under its rights issue, which was cleared by the board on March 13

Starlink’s high prices likely to keep India a niche market for satellite broadband

The service is priced 10-14 times higher than offerings from major broadband providers Reliance Jio and Bharti Airtel

ArcelorMittal Nippon sues India over raw material imports as fight escalates

Government imposed curbs on imports of low-ash metallurgical coke, or met coke, starting in January, with country-specific quotas to help domestic suppliers

Competition Commission clears ONGC-NTPC Green's proposal to acquire Ayana for Rs 19,500 crore

ONGC Green and NTPC Green Energy are wholly-owned subsidiaries of Oil and Natural Gas Corporation Ltd (ONGC) and NTPC Ltd, respectively

Race for Sahyadri Hospitals: Temasek-led Manipal Hospitals, IHH, EQT & KKR seen as early contenders

As part of its first control private equity buyout in India, in August 2022, OTPP acquired a significant majority stake in  Sahyadri Hospitals from the Everstone Group

Eli Lilly plans launch of weight-loss drug in emerging markets by 2026, CFO says

In February last year, Lilly CEO David Ricks told Reuters that it expects to launch Mounjaro, in India as early as next year.

Air India Express expands fleet to 100 planes; aims to operate 500 daily flights by March-end

The 100th aircraft, featuring ’Chittara’ tail art inspired by Karnataka’s traditional mural painting, was flagged off by the airline’s Managing Director Aloke Singh at Bengaluru’s Kempegowda International Airport

Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT

The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolven..