Reliance Industries Ltd’s recent sale of a second-level step-down subsidiary to a little-known company may test the limits of regulation on related-party transactions even while technically keeping to the rules,…
Category: Companies
Tata Sons can’t escape RBI’s public funds net
A clarification by the Reserve Bank of India has undercut Tata Sons’ attempt to distance itself from public funds, potentially of non-bank financial companies (NBFCs), a category that entails tighter…
Blue Owl sold about half its SpaceX holding at $1.25 trillion valuation, co-CEO says
By Isla Binnie and Manya Saini NEW YORK, April 30 (Reuters) – Blue Owl sold about half its investment in SpaceX at a $1.25 trillion valuation, the alternative asset manager’s…
Exonerees struggle to rebuild their lives and gain lasting employment, even if elected to office
HOUSTON — Richard Miles set out to find a job after his release from a Texas prison in 2009 with a collection of newspaper clippings about as his resume. No…
US Critical Mineral Inventory Plan Includes Buying China Metals
The US Export-Import Bank’s proposed stockpiling initiative would initially source critical minerals from anywhere in the world, including China, an official involved in the project has revealed. The $12 billion…
AM/NS India records 93% rise in EBITDA on better realisation
ArcelorMittal Nippon Steel India reported 93 per cent increase in EBITDA at $195 million against $101 million on the back of better realisation and lower cost. Sales were up 12…
Tata Power arm to invest up to ₹6,500 crore in solar manufacturing expansion
Tata Power Company’s renewable energy arm has approved entering a new business line focused on photovoltaic (PV) ingots and wafers, in which it will invest up to ₹6,500 crore. The…
Bharat Forge to acquire 30% stake in Fortuna Engineering under strategic partnership
Bharat Forge Limited (BFL) on Thursday announced the acquisition of a 30 per cent stake in Fortuna Engineering Private Limited (FEPL or Fortuna) at an equity value of ₹129.60 crore,…
Axis Energy to invest ₹30,000 cr in underground coal gasification, set to acquire tech
Chairman and Managing Director, Kataru Ravi Kumar Reddy Brookfield-backed renewable energy company, Axis Energy Ventures, is “about to acquire” technology for underground coal gasification, the company’s Chairman and Managing Director, Kataru Ravi Kumar Reddy, told businessline today. The Hyderabad-based company…
Sundram Fasteners’ consolidated profit rises 30% in Q4 FY26
Sundram Fasteners Ltd reported a 30 per cent increase in consolidated net profit for the fourth quarter ended March 31, 2026, to ₹161 crore as against ₹124 crore during the…