ITC Hotels would be cumulatively incurring 8-10% of revenue on capital investments, on-going and new greenfield projects. The demerged entity will also be well-poised to execute 'selective inorganic opportunities' too, said ITC.
India continues to rely on coal fired power to meet its energy demand because renewable power is mired with intermittency in the absence of energy storage facilities
Lupin had been marketing Huminsulin through an existing agreement with Lilly India before proceeding to acquire the brand. Huminsulin is used in the treatment of Type 1 and Type 2 diabetes mellitus.
The project involves construction of AIP-Plug and its integration, and will enhance the endurance of conventional submarines, contributing towards 'Aatmanirbhar Bharat'.
Adani Enterprises is selling a total of 44% stake in the JV, and Wilmar International will acquire up to 31% in it. Adani’s nominee directors will be stepping down from the board and shareholders will be changing the name of the company.
British International Investment (BII) will be injecting Rs 650 crore into Mahindra Electric Automobile (MEAL), lower than what was initially planned, and will result in BII Group holding a 2.64-4.58% stake in MEAL.
Greaves Cotton has a market capitalisation of over Rs 7,200 crore, and the shares have doubled in 2024. Greaves Cotton is transitioning from a traditional engine company to a fuel-agnostic mobility solutions provider, with multiple revenue streams.
Shriram Life has over Rs 12,310 crore of AUM as on September 2024 and over 4.4 lakh individual policies sold in FY24. It is amongst the top 10 insurance players in terms of individual policies sold and amongst the top 5 in rural India.
In the India long-only portfolio, Siemens will be introduced with a 4% weight by removing AU SFB, and investment in HDFC Bank will be raised by one percentage point by trimming Axis Bank, said the Jefferies note.
Kotak Mahindra Bank founder shared a set of ten forward-looking priorities to guide for sustainable growth, and to seek global competitiveness. Uday Kotak's blueprint mentions the need for urgent focus on growth, by reigniting enterprise and the entrepreneurial 'animal spirits' to drive innovation and wealth creation.
Ultrogen Hybren will be a subsidiary of Mahindra Susten, a subsidiary of Mahindra Holdings (MHL), the company informed through an exchange filing on December 29. The company will aspire to be an Independent Power Producer (IPP).
Future roles will require greater levels of critical thinking, design, strategic goal setting, and creative problem-solving skills, according to the experts
"The acquisition of Karkinos will help expand the health services business portfolio of the Reliance group,” the filing said
Mahindra & Mahindra further said this has not impacted the operations of the company, which are continuing as usual.
The two senior executives of the airline, in which the Rakesh Jhunjhunwala family holds stakes, have 'failed' to ensure ”compliances” with the civil aviation requirements, Directorate General of Civil Aviation (DGCA) said in its order
Two-wheeler players Hero Moto and Harley Davidson have decided to expand the X440 motorcycle range in India into new variants, in an effort to win the market share in the premium segment.
Between January and November this year, the country added at least 24 GW of renewable capacity, double that of 2023, crossing the 200 GW mark. However, industry estimates show that nearly 40 GW of green projects have no takers.
While, prima facie, it appears a good move to lighten its bad assets’ burden it is not clear if all the pain has been addressed, given the relatively large microfinance loan book
VA Tech's order marks the company's entry into Zambia, and order will be executed over 36 months. VA Tech Wabag said this is one of Zambia’s largest and most advanced sanitation projects in recent decades.
Aside of Dixon Tech, Cellecor Gadgets recently signed a pact with EPACK Durable for home appliances. Dixon's Atul Lall said the collaboration enhances company's reach in the refrigerator segment.
Nazara has a share purchase agreement (SPA), dated September 18, 2024 with subsidiary Absolute Sports and founding shareholders Porush Jain and Srinivas Cuddapah for the acquisition of 19.35% stake.
Tata Group's N Chandrasekaran underscored in his year-end note that the Indian economy is strong and one can look ahead at 2025 with a sense of hope and optimism.
Highest-ever fund infusion of Rs 4,300 crore in a financial year for SMFG India Credit, says firm
DAM Capital's recently concluded IPO saw RBL Bank exit its shareholding entirely, representing 8.16% of the share capital. The bank added that it does not have any shareholding in DAM after the transaction.
A power purchase agreement was also signed between Gujarat Fluorochem and IGREL Mahidad as well as Flurry Wind Energy at the rate of Rs 4 per unit, based on the number of units generated.
