Tech Mahindra’s EBIT margin is expected to increase 50-70 bps in the March ending quarter, led by cost optimisation and currency tailwinds, as per brokerages. Motilal Oswal Financial Services estimated…
Category: Companies
Manali Petrochemicals to restart Chennai plant operations
Manali Petrochemicals said on Monday that it is set to restart operations at Plant – 1 in Manali, Chennai. The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Government of…
PE firm EQT closes $15.6 billion Asia fund, largest in region amid fundraising slump
EQT has closed its ninth private equity fund at $15.6 billion in total commitments, making it the largest private equity fund ever raised in the Asia-Pacific region, the firm said…
Amazon to invest up to $25 billion in Anthropic; AI firm commits to spend $100 billion on AWS in return
Amazon announced on Monday that it will invest up to $25 billion in . As part of the deal, the AI firm has also committed to spending more than $100…
After years of distress, Kota’s Resonance nears debt deal with 80% haircut
KKR & Co-backed Kota-based test preparation company Resonance Eduventures Ltd. is nearing an asset reconstruction company (ARC)-led debt resolution that may see lenders taking about 80% haircut on principal claims,…
Pocket FM’s microtransactions, AI use in content creation are driving growth, COO Gangwar says
Pocket FM, an audio storytelling platform, said its users in India and the US are getting increasingly comfortable with microtransactions— paying per episode or series—giving it a monetization engine that…
Mint Explainer | Tata turmoil: A snapshot of simmering tensions at the group
Late on Sunday, Tata Trusts announced it would seek to amend an exclusionary clause in the 103-year-old Bai Hirabai Trust, a charitable entity under its control, that restricts eligibility for…
Who is John Ternus? Net worth of Apple’s hardware chief set to replace Tim Cook as CEO
After nearly 15 years steering Apple to a $4 trillion valuation, Tim Cook is stepping down, and the engineer who built the hardware behind the iPhone, iPad and Mac is…
Jio Financial to leverage marketplace for high-risk products, credit cards
Jio Financial Services Ltd, the financial services arm of Reliance Industries Ltd, plans to use its newly-launched marketplace to sell products that are otherwise not within its risk appetite, managing…
How Amazon allegedly used Levi’s and Hanes to force rivals to raise prices – What California court filing reveals
Newly unsealed court documents reveal that Amazon pressured major brands to push rival retailers into raising prices — a strategy California’s attorney general says is price fixing, caught in writing…