Two Indian conglomerates are looking to spend nearly $1 billion to build domestic capabilities in electric-vehicle and battery technologies, people familiar with the matter said, reflecting a growing urgency on…
Category: Companies
Escorts Kubota Q4 net profit marginally up at ₹320.52 cr
Farm and construction equipment major Escorts Kubota Ltd on Thursday reported a marginal increase in consolidated net profit at ₹320.52 crore in the fourth quarter ended March 31. The company…
Bharat Forge writes down Tork Motors EV bet, sees 25% growth in FY27 on defence orders
Bharat Forge Ltd on Thursday signalled a reset in its electric mobility strategy after taking a ₹450 crore impairment linked to its EV business and Tork Motors, even as the…
Moody’s upgrades rating on Vedanta Resources, maintains positive outlook
Moody’s Ratings (Moody’s) has upgraded Vedanta Resources Ltd’s corporate family rating to Ba3 from B1 and has maintained a positive outlook on the company. The Ba3 rating reflects the company’s…
Waaree Renewable to acquire 55% stake in Associated Power Structures for ₹1,225 cr
on Thursday said it has inked pacts for the acquisition of a 55 per cent stake in Associated Power Structures Pvt Ltd for ₹1,225 crore. According to a regulatory filing,…
Acquisition by Tata Motors may close by Q3 2026: Iveco
The Turin-based Iveco Group on Thursday said proposed acquisition of the company is expected to close by the third quarter of 2026, even as the European commercial vehicle maker slipped…
India’s rich fuel boom in bespoke decor, luxury furniture
Luxury home decor and furnishing brands are seeing a rise in demand in India as wealthy consumers splurge on larger homes, renovations and design-led interiors. From dinnerware costing several lakh…
Tata Motors’ $4.4 billion Iveco acquisition delayed
Italian commercial vehicle maker Iveco on Thursday said Tata Motors Ltd’s $4.4 billion acquisition of the company is now expected to close in the September quarter, delaying the earlier June…
Emami to acquire 60% stake in personalised beauty player IncNut Digital for ₹321 crore
FMCG major Emami Ltd on Thursday said it has entered into a definitive agreement to acquire a 60 per cent stake in IncNut Digital, engaged in the personalised beauty and…
Pronto extends Series B to $45 million at $200 million valuation
Pronto, the instant household services platform, has raised $45 million Series B, with Lachy Groom, co-founder of AI robotics company Physical Intelligence and an early backer of Zepto, joining the…