Singapore GIC nears deal with TPG to raise stake in AHH, turn biggest shareholder: Report
The Singapore-based sovereign fund will buy another 15 percent stake in AHH from TPG, which is the majority owner
Bain’s deal with Manappuram may face delays due to differences over terms
According to sources, promoters of Manappuram Finance and Bain Capital were not in agreement on structure of the deal
Poonawalla Fincorp looks to double staff in growth blitz
The non-bank finance company plans to add six retail-focused lending businesses in the next four to six quarters
Royal Enfield commences operations at Thailand-based CKD plant
Royal Enfield is a part of Eicher Motors. The new facility is the Royal Enfield’s sixth CKD assembly unit globally – after Argentina, Colombia, Brazil, Bangladesh and Nepal.
Byju’s content manager, business partner face US court sanctions
A federal judge is considering imposing millions of dollars in sanctions on Byju’s manager Vinay Ravindra and company ally Rajendran Vellapalath, who founded Dubai-based tech startup Voizzit Technology
'Pursue growth' is Tata Sons boss N Chandrasekaran's message to group CEOs: Report
The message comes amid rising challenges in the global and domestic markets
China exploiting FTA route to dump steel in India: Sajjan Jindal
Speaking exclusively to Moneycontrol, Jindal said that China’s overcapacity in steel production is flooding global markets, with the country’s exports matching India’s entire steel production output
Adani Group CFO rejects bribery allegations, India says no US request yet on case
US authorities accused Adani, his nephew and executive director Sagar Adani as well as managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts
Adar Poonawalla-led Serum Institute seals 30%-40% stake sale in SCHOTT Poonawalla to TPG Growth; target firm valued around $800 mn
Post the outbreak of Covid-19, in August 2021, Serum Institute of India purchased 50 percent stake in the joint venture SCHOTT Kaisha from former co-owners Kairus Dadachanji and Shapoor Mistry
Tata Power inks deal with Bhutan firm to develop 5,000-MW clean energy capacity
Tata group firm signed a strategic partnership with DGPC, which is a subsidiary of Druk Holding and Investments Limited, the sole generation utility in the Himalayan country
Adani Infrastructure to acquire 30.07% stake in PSP Projects from one of its founders for Rs 685 crore
Prahaladbhai S Patel, one of the promoters of PSP Projects, is the seller
Punit Goenka asks ZEE board to relinquish him from his position as managing director
With this move, Goenka wants to 'dedicate' his time for the future of the company and enhance its performance by focusing on operational responsibilities as CEO, the statement said
HCL Tech unit HCL Software appoints Vikrant Chowdhary as senior VP and India head
Chowdhary will be responsible for HCLSoftware’s regional business for growth and innovation across critical sectors, including Enterprise, BFSI, and government segments
Who is Kaivalya Vohra? All about Zepto co-founder who is burning Rs 250 crore a month to ace quick commerce race
The Mumbai-based company has been providing massive hikes to poach talents from rival firms, investing heavily on digital and performance marketing and providing huge discounts to acquire customers
Deloitte draws attention to Fusion Finance’s ability to continue as a going concern
According to its limited review report for September FY25 quarter, the company has breached various financial covenants resulting in some borrowings becoming repayable on demand
Why ICAI will seek review of NFRA's decision to amend audit standards?
NFRA during its board meeting recommended the revision of Standards on Auditing (SA) 600 to hold the group auditor ultimately responsible for the audit
Samsung Electronics plans $7.2 billion buyback to boost shareholder value
Shares of Samsung Electronics rose 7.2% on Friday, posting the biggest daily jump since March 2024
MUFG is bullish on India and seeking M&A deals to drive growth
The goal for Japan’s largest lender is to push up its buyouts and investment in India, and increase annual returns from them to 20% in 10 years, Yasushi Itagaki, head of MUFG’s global commercial banking business, said in an interview
Binding bids for KKR-backed Avendus Capital likely soon
Efforts for a management buyout led by one of the promoters seems to have hit a wall, according to sources
GST leviable on AAI-Adani concessionaire pact for Thiruvananthapuram airport: Kerala AAR
The AAR ruled that it does not constitute ’transfer of business’ by the applicant to the concessionaire and the transaction cannot be treated as ’transfer as going concern’
Acuité upgrades SpiceJet's long-term rating by four notches, assigns 'stable' outlook
This is a testament to our relentless efforts to strengthen our financial position and improve operational efficiency, CMD Ajay Singh says
Siemens to buy Altair for $10.6 billion in digital portfolio push
The offer price of $113 per share represents a premium of about 18.7% to Altair's closing price on October 21, a day before Reuters first reported that the company was exploring a sale
Gautam Adani vies for projects in Bhutan’s ‘Mindfulness City’ in overseas push
Bhutan has been a strategic and long-time ally for India, which is keen to curb China’s influence in its neighborhood
TCS bags 10-year deal with Insper in Brazil, plans to invest $8.7 mn to innovate across South America
This partnership will involve academic research work, development of technology prototypes, and organization of seminars, hackathons and technology talks using the TCS Pace methodology for innovation at scale, the company said in a statement
