Page 2 - Dev Chatterjee

Noel, Chandra meet Shah, Sitharaman amid rising tension at Tata Trusts

It is learnt that the govt decided to intervene and called an urgent meeting to help resolve a crisis at the leading business house of the country and deliberate on ''misgovernance'' at Tata Trusts

Black Box eyes $700 mn additional revenues via acquisitions in 3-4 years

The Essar group company is setting up a dedicated mergers and acquisitions (M&A) team to identify targets so that it can expand digital infrastructure capabilities and geographic reach

Adani Group to invest ₹30,000 cr more in Navi Mumbai airport expansion

Passenger operations at the Adani Group's Navi Mumbai International Airport to begin in December, with PM Modi set to inaugurate the first phase

Road contracts need quality-first revamp, says Suraksha Group's Valia

Suraksha Group's Sudhir Valia says India's road contracts should move away from the lowest-bid model that fuels poor quality and repeated monsoon damage

Black Box-Wind River deal to drive edge, cloud growth with ₹1,350 cr boost

Black Box has partnered with Wind River to deliver AI-driven edge and cloud solutions, targeting ₹1,350 crore revenue in five years across India, Middle East and global markets

India's M&A deals dipped in Q2 amid valuation caution, shows data

The number of deals also slipped to 787, compared with 840 transactions in Q2FY25, reflecting a slowdown in corporate deal-making momentum

Reliance Retail worth $143 billion, Jio valued at $135 billion: JP Morgan

JP Morgan said RIL's consumer businesses are set to drive nearly all of the group's earnings growth in the coming years

RBI allows Indian lenders to fund acquisitions of Indian corporates

RBI permits banks to finance mergers and acquisitions of Indian corporates, expanding capital market lending opportunities but raising concerns over leverage and ALM risks

No international sanctions on buying Russian crude, says Hardeep Singh Puri

Petroleum Minister Hardeep Singh Puri said India will keep importing Russian oil as no sanctions ban such purchases, while stressing PSU oil firms are profitable but undervalued

Lenders ask Vedanta, Adani to revise Jaiprakash bids, detail funding plans

Lenders have asked Vedanta, Adani and other suitors for Jaiprakash Associates to submit revised bids and prove funding strength amid debt and asset viability concerns

Gautam Adani pledges stronger governance following Sebi clean chit

Adani calls Sebi's verdict a resounding validation, vows tighter governance, stronger sustainability, and $100 bn investments in energy and infrastructure

Vedanta's JAL deal puts govt stake in HZL, Balco at risk: US short-seller

Viceroy Research warns DIPAM that Vedanta's planned Jaiprakash Associates acquisition could strain Hindustan Zinc and BALCO, partly owned by the government

India's 8% growth goal at risk as private capex lags: YES Securities

YES Securities warns India's growth relies too heavily on government spending as private capital expenditure falters despite record corporate cash holdings of ₹10.35 trillion

Ultra Gas & Energy to invest ₹900 cr to expand LNG retail network

The Mumbai-based company currently operates six stations along major freight corridors in Rajasthan, Gujarat, Maharashtra, Karnataka and Tamil Nadu

Adani seeks accountability as Sebi dismisses Hindenburg allegations

Adani Group demands accountability after SEBI cleared it of Hindenburg's charges that triggered a $150 billion market loss and rattled investor confidence in 2023

JSW Energy to acquire Tidong Power from Norway firm for ₹1.7K crore

JSW Energy will acquire Tidong Hydro Project from Statkraft for ₹1,728 crore, boosting its hydro portfolio to 1.8 GW and reinforcing its clean energy expansion strategy

Adani, Ambani race to lead mega energy transition: Bernstein Research

Bernstein says Mukesh Ambani and Gautam Adani are racing to transform Kutch's barren salt flats into the backbone of India's energy transition with massive clean power projects

At least 10 private equity suitors circle Balaji Wafers for 10% stake

Balaji Wafers in talks with global PE giants, eyeing up to 10% stake sale at ₹40,000 crore valuation; ITC lone FMCG suitor, IPO planned in 5-6 years

Sunil Mittal's family office walks away from Haier India stake-buy talks

Sunil Mittal's family office pulled out of Haier India stake talks as valuation gap widened; Haier may consider IPO as Chinese firms trim India presence

Tega Industries, Apollo Funds to buy Molycop in $1.5 billion deal

Molycop, on the other hand, is a supplier of grinding media to the mining industry, with a focus on the manufacture and sale if grinding media and chemicals for use in both SAG mill and ball mills