Tata Group-backed jewellery brand CaratLane plans to open 40 stores in the coming financial year, 10 per cent of which will be company-owned, a senior executive said. “We have almost…
Category: Companies
US Treasury to consult with insurance regulators on private credit lenders, sources say
* US Treasury plans meetings with insurance regulators, seeks details on leverage, liquidity * Consultations come as private credit lenders strained by asset quality, liquidity concerns * Bessent says private…
Listing boosts Orkla India’s appeal for talent and acquisitions: CEO Sharma
Norwegian consumer goods major Orkla, which owns Indian spice brands such as MTR and Eastern, is seeing growing opportunities for talent acquisition and mergers and acquisitions (M&As) after listing its…
IFC to up India investments 30% to $7 bn this fiscal, focus on local push, jobs
New Delhi: International Finance Corp. (IFC) aims to scale up its India investments by about 30% to $7 billion this fiscal year ending 30 June, said Sarvesh Suri, regional vice-president…
CTG Duty Free Looks to Earnings Catalyst to Snap 39% Rout
(Bloomberg) — China Tourism Group Duty Free Corp.’s shares may be poised to shift course after a weak run this year, as stabilizing sales and improving demand from its key…
US pharma giant Eli Lilly, Insilico Medicine secure deal worth $2.75 billion to bring AI-developed drugs to market
Pharmaceutical major has reached a $2.75 billion deal to bring drugs to the global market by using (AI) from Hong Kong-listed Insilico Medicine, the company announced on Sunday (local time).…
Blackstone-backed EPL to merge with Indovida to make $2 billion packaging giant
Private equity giant Blackstone and Thailand’s Indorama Ventures have agreed to combine their packaging businesses in India, creating a $2 billion giant with annual sales of about $1 billion. Blackstone-backed…
Airtel to pay ₹10,000 crore AGR dues in first post-moratorium instalment
Bharti Airtel Ltd is expected to pay around ₹10,000 crore in adjusted gross revenue (AGR) dues to the government by 31 March, according to two people familiar with the matter,…
HC suggests mediation as Kalyani siblings battle over family wealth
Mumbai: In a bid to bring a two‑decade‑old family dispute closer to resolution, the Bombay High Court on Friday suggested that the warring siblings Babasaheb Kalyani, Sugandha Hiremath, and Gaurishankar…
NCLAT dismisses two BSE petitions challenging defreezing of demat accounts during insolvency process: What we know
A two-judge bench of the National Company Law Appellate Tribunal (NCLAT) today dismissed appeals from the BSE challenging the National Company Law Tribunal’s (NCLT) power to defreeze demat accounts of…