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No restriction on Kirloskar Industries selling shares in Kirloskar Brothers, rules NCLT

Mumbai, May 23 -- In a new turn of events in the ongoing dispute between two factions of the Pune-based Kirloskar Group's promoter family, the National Company Law Tribunal (NCLT) on Tuesday allowed K... Read More


Vedanta announces Rs.4,000 crore dividend, plans to raise Rs.8,500 crore

Mumbai, May 16 -- Anil Agarwal-led Vedanta Ltd on Thursday said that it will be raising Rs.8,500 crore of capital through either the equity or the debt route even as the metals and mining major declar... Read More


Rooftop solar subsidy scheme a billion dollar opportunity for Tata Power

New Delhi, May 12 -- The central government's rooftop solar subsidy scheme for households could present a $1 billion-plus business opportunity for Tata Power, the company's managing director Praveer S... Read More


How ABB India became a stock market darling

Mumbai, May 8 -- The Maharashtra Industrial Development Corporation's Satpur area, in Nashik, Maharashtra, is hardly remarkable. In fact, it is like any other industrial estate in India. A clang fills... Read More


RINL plant days away from shutdown due to coal supply crisis

Mumbai, May 8 -- Government-owned Rashtriya Ispat Nigam Limited (RINL) is just days away from shutting operations, as supply of raw materials to its Visakhapatnam steel plant is held up due to protest... Read More


Will Linde India really benefit from semiconductor business?

Mumbai, May 6 -- Investors in industrial gas giant Linde India find themselves in a quandary. The question here is: who will benefit from the potential semiconductor business? The company, its UK-base... Read More


A quiet Godrej billionaire gifts all riches to relatives

Mumbai, May 2 -- Reclusive Godrej billionaire Rishad Kaikhushru Naoroji has decided to gift most of his shares in group companies to nephews and nieces, an executive aware of the development said, in ... Read More


A quiet Godrej billionaire gifts all riches to relatives

New Delhi, May 2 -- Reclusive Godrej billionaire Rishad Kaikhushru Naoroji has decided to gift most of his shares in group companies to nephews and nieces, an executive aware of the development said, ... Read More


A quiet Godrej billionaire gifts all riches to relatives

New Delhi, May 2 -- Reclusive Godrej billionaire Rishad Kaikhushru Naoroji has decided to gift most of his shares in group companies to nephews and nieces, an executive aware of the development said, ... Read More


IFCI turns a corner with advisory biz; posts first profit in 7 years

New Delhi, May 1 -- Government-owned non-bank IFCI Ltd has finally turned the corner in the 2023-24 financial year, reporting a profit after seven consecutive years of losses following its expansion i... Read More