National Grid UK Ltd has outlined plans to spend up to $400 million to establish a tech facility in India, joining several global companies setting up back-end centres in the…
Category: Companies
In a first, Adani Green turns to external contractors to meet expansion push
MUMBAI: Adani Green Energy Ltd is turning to external contractors to execute projects, easing its long-held reliance on in-house engineering, procurement and construction (EPC) as it pushes to meet an…
Explainer. Why is Unilever looking to hive off its food business?
Unilever said on Tuesday it was in advanced talks to combine its food business with spice maker McCormick in a potential deal that would deliver $15.7 billion in cash and…
Patni Family Office stake surpasses 5% in UGRO Capital
The Patni Family Office, one of India’s most active multi-generational investment groups, has built a 5% stake in , an MSME-focused data-tech lender. A regulatory filing on Friday, March 27,…
Morpheus Research report alleges ‘anti-competitive’ practices by MakeMyTrip despite CCI order
Morpheus Research on Monday released a report accusing travel booking platform MakeMyTrip of indulging in “anti-competitive practices” despite a significant penalty order from the Competition Commission of India (CCI) in…
Elon Musk reveals major Tesla investment in Japan — here’s what we know so far
Billionaire on Monday announced that Tesla is making a ‘big’ investment in Japan to expand the electric vehicle maker’s service infrastructure and supercharger network in the country. The move highlights…
Indian mid-size IT companies look beyond US: Asia, Africa emerge as new growth hotspots
Three of India’s mid-sized IT companies—Persistent Systems Ltd, Hexaware Technologies Ltd and Firstsource Solutions Ltd—are looking to scale up their business and employ more people outside the US, which makes…
Toyota supplier Denso targets 11% return on equity by 2030
Japanese auto parts maker Denso said on Tuesday it aims for sales of 8 trillion yen ($50 billion) and a return on equity of 11 per cent by 2030, despite…
Easebuzz eyes $80–100 million pre-IPO round, appoints banker
MUMBAI: Digital payments platform Easebuzz is preparing to raise $80–100 million in a pre-initial public offering (IPO) round, as the profitable fintech looks to set a valuation benchmark ahead of…
NTPC Green Energy’s arm signs green ammonia supply pact
, a wholly owned subsidiary of NTPC Green Energy, has signed a green ammonia purchase agreement with Solar Energy Corporation of India, marking a key step in advancing India’s clean…