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…
Category: Companies
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…
Corona Remedies acquires Wokadine brand from Dr Reddy’s
Corona Remedies Ltd on Monday announced the acquisition of Wokadine, a 46-year-old trusted brand, from Dr. Reddy’s Laboratories Ltd. This marks its fifth acquisition and a strategic entry into the…
The 72-hour U-turn: Inside the boardroom drama at Sundaram Clayton
In a short span of 72 hours, the board of Sundaram Clayton Ltd met twice, with its chairman emeritus Venu Srinivasan taking over as chair at the second meeting, and…