Page 3 - Dev Chatterjee

Tata Capital concludes IPO roadshows, positions itself as NBFC green leader

IPO-bound Tata Capital begins global and domestic roadshows at $18 bn valuation, with its cleantech loan book surging to ₹18,000 crore and green finance at the centre of its pitch

$2 bn-bid for Jaiprakash Associates 'credit negative' for Vedanta

Acquisition will expose Vedanta to bankrupt company's real estate, cement, infrastructure businesses: CreditSights

Driven by record M&A volumes, India deal activity hit $15.9 bn in August

M&A deals in India during the month were led by Schneider Electric and Tata Motors' cross-border acquisitions, pushing M&A volumes to record, while PE activity moderated in value

Balaji Wafers in talks with leading PE firms to sell up to 10% stake

PE funds, flush with record capital, are eyeing opportunities in India's branded consumer, technology, and healthcare sectors

Vedanta outbids Adani to buy bankrupt JAL with ₹17,000 crore offer

With net present value of ₹12,505 crore, bid highest recovery plan placed so far

Reliance's refining margins projected to stay strong compared to PSU peers

Company's Russian crude imports give it cost advantage, according to analysts

No relief for brand M&As, purchases to continue attracting 18% GST

India will continue to impose 18% GST on standalone brand purchases, with no relief for companies involved in brand M&As. Business acquisitions, however, remain exempt under existing GST rules

JAL bidders to join challenge auction with ₹12,000 crore floor value

Lenders of Jaiprakash Associates have set Rs 12,000 crore as the minimum bid for a challenge auction on Friday, with five firms including Adani and Dalmia in contention

Anant Ambani's AGM debut signals generational shift at Reliance Industries

Ambani scion details expansion in petrochemicals, bioenergy and green hydrogen in first appearance as RIL ED

Reliance Industries AGM rings in Jio IPO by H12026, unveils AI pivot

At RIL's AGM, Ambani unveiled Reliance Intelligence, Jio's 2026 IPO plan, and a consumer push as new growth engines

Adani group logs ₹90,572 crore Ebitda, led by infrastructure firms

Conglomerate's cash reserves stood at Rs 53,843 in Q1, accounting for 19% of gross debt

India Inc bonds resilient amid record trade costs from US tariffs: Barclays

Barclays says Indian corporates will face margin compression but remain supported by strong leverage, liquidity and domestic demand as US tariffs hit $55 bn exports

Grasim closing in on ₹2 trillion mcap on paint, cement, digital bets: Birla

Grasim Industries' market cap approaches ₹2 trillion as Birla Opus gains share, Pivot scales in e-commerce, UltraTech cements lead, and green businesses expand

L&T looks to build on defence and data centre foundation in India

To invest in nuclear, thermal power generation

Private capex now substantial in order book: L&T chief S N Subrahmanyan

L&T eyes growth with record orders, rising private capex, $100 bn valuation, global projects, and a new strategy focusing on services, tech, and financial businesses

Centre's decision to rationalise GST is positive: L&T's S N Subrahmanyan

During pandemic, private capex was almost zero and orders came largely from govt and multilateral projects. Today, private investment is returning strongly, Larsen & Toubro (L&T) CMD S N Subrahmanyan

Vedanta demerger faces delay as Centre objects, Sebi issues warning

Vedanta's plan to split into six listed entities has been delayed after the Centre objected and SEBI issued a compliance warning, intensifying regulatory scrutiny

Adani urges India's youth to fight for tech freedom amid AI competition

Terms the challenge the second freedom struggle amid AI competition

Bidders file fresh JAL plans as CoC weighs challenge round decision

Bidders have revised plans for Jaiprakash Associates after lender talks, but key legal hurdles remain as CoC weighs whether to renegotiate or hold a challenge round

Noel Tata's nomination to Tata Sons board approved at 107th AGM

Tata Sons' 107th AGM saw shareholders clear Noel Tata's appointment, other board changes and a higher dividend, with FY25 profit down on lower investment gains