Tokyo-based conglomerate Toshiba is set to be bought by a group led by private equity firm Japan Industrial Partners. The Toshiba board accepted the $15 billion buyout offer from the…
Category: Companies
Tata Group may inject $2 bn into Tata Digital to boost super-app’s valuation: Report
With an aim to boost its digital business, Tata Group is considering $2-billion cash infusion in Tata Digital, said a report on Thursday. Tata Digital Pvt. will receive the additional…
Hikal promoters file a suit in Bombay HC against Kalyani Group, Baba Kalyani firms
Jaidev Hiremath, and Sugandha Hiremath, the promoters of specialty chemical firm Hikal Ltd, filed a suit in Bombay High Court against the BNK Group seeking “performance of obligations cast on…
Mukesh Ambani’s Reliance takes FMCG war to HUL’s doorsteps
Reliance Consumer Products (RCPL), Mukesh Ambani’s fast moving consumer goods (FMCG) arm has forayed into the beauty, personal care (BPC) and home care space with a nation-wide ambition. The move…
Nestlé bullish about volume-led growth in spite of subdued demand scenario: CMD Suresh Narayanan
Amid faltering demand and steep inflation, impacting margins, the country’s largest foods company Nestle India is betting heavily on its innovative products pipeline and growing penetration for growth. As the…
Air India ready to pay Rs 200 crore in severance to employees under VRS scheme
Tata Group owned airline Air India is planning to disburse up to Rs 200 crore worth severance to 2000 employees under its voluntary retirement scheme (VRS) as per a report. Livemint reported that…
Infosys announces Kiran Mazumdar-Shaw’s retirement from Board
Indian IT giant Infosys announced that Indian billionaire entrepreneur Kiran Mazumdar-Shaw will be retiring from the Infosys Board. Mazumdar-Shaw worked as an Independent Director at the IT company. Nandan Nilekani,…
Anil Agarwal denies any intention to sell stake in Vedanta Ltd, says report baseless, untrue
Mining mogul Anil Agarwal has denied that he is planning to sell 5 per cent stake in Vedanta. On Thursday morning, a Bloomberg report said that Agarwal was analysing the…
Anil Agarwal weighs stake sale option in Vedanta Ltd, in talks with banks: Report
Mining mogul Anil Agarwal is said to be analysing the sale of a minority stake in Mumbai-listed Vedanta Ltd. in a bid to reduce his business empire’s massive debt load,…
NSE, BSE put Adani Power under short-term additional surveillance measure yet again
NSE and BSE said that they would add Gautam Adani-controlled Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday (March 23). The bourse in separate circulars said…