MUMBAI: Digital infrastructure provider CtrlS Datacenters has begun preparations to raise about $300 million through an initial public offering (IPO), three people familiar with the matter said, amid rising investor…
Category: Companies
Any subsidy from government will help early EV adoption: VinFast
Vietnamese electric vehicle (EV) major VinFast on Wednesday threw its weight behind government-led financial incentives, stating that subsidies are a critical catalyst for early-stage adoption in the EV sector. The…
Slice shifts focus to secured loans in fintech-to-bank pivot
Since its merger-led transition into a bank in 2024, Slice has been moving away from an almost fully unsecured lending portfolio to a large, secured loan book, the bank’s top…
After a decade of bankruptcy law, top conglomerates Adani, JSW, Reliance, Tata emerge as biggest winners
Four of India’s biggest conglomerates—Adani Group, JSW Group, Reliance Industries, and Tata Group—have emerged as the dominant buyers of stressed assets under India’s decade-old bankruptcy regime. Together, these four conglomerates…
More than rooms: India’s hotels load up on restaurants, banquets and spas
A new report suggests that India’s budget and mid-scale hotels may be overbuilt by global standards, offering far more amenities than their international counterparts. Features such as multiple restaurants, banquet…
Former Tata Trustee Mehli Mistry wants an administrator to run Tata Trusts
Mehli Mistry, a close associate of late tycoon Ratan Tata, has challenged his ouster from Sir Dorabji Tata Trusts (SDTT), the largest among Tata Trusts, and requested the appointment of…
Saudi Wealth Fund Sets New Strategy to Build Global Champions
(Bloomberg) — Saudi Arabia’s sovereign wealth fund will step up efforts to boost returns and build portfolio companies into global champions as the kingdom contends with the economic costs of…
Roblox gaming platform reaches $12 million settlement with Nevada enhancing youth protections
LAS VEGAS (AP) — The interactive will implement increased and pay more than $12 million to the state of Nevada in what state Attorney General Aaron Ford on Wednesday called…
CavinKare enters ice cream market with infusion-led product range
Marking its entry into India’s fast-growing ice cream category, Chennai-based FMCG company CavinKare has forayed into the ice cream segment. In a market largely dominated by traditional flavours and formats,…
Tata Motors faces a tougher FY27 at home, eyes Iveco for global scale
Tata Motors is entering FY27 with two parallel priorities: closing a global deal that could reshape its scale and navigating a domestic market that is turning more unpredictable. The company…