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Embraer announces deal to acquire 51% stake in Mahindra Group's Novavayu Aerospace: All you need to know

New Delhi, Oct. 16 -- Brazilian aerospace major Embraer has entered into an agreement to purchase a 51% stake in Novavayu Aerospace Limited (NAL), an Indian firm owned by the Mahindra Group. The deal... Read More


Tesla shares jump 4% in pre-market trade after unveiling redesigned flying Roadster with SpaceX tech

New Delhi, Oct. 16 -- Shares of Tesla popped 4% in Friday's pre-market trade to $375 apiece after the electric vehicle maker unveiled a redesigned Roadster powered by rocket-style thrusters developed ... Read More


Fairfax's IDBI Bank deal puts CSB Bank's ownership and future in focus

New Delhi, Oct. 16 -- For CSB Bank, the next big share-price catalyst may lie not in quarterly earnings but in a decision that could reshape its ownership. Canada's Fairfax Financial Holdings, which ... Read More


Inside the TVS family dispute: How a business restructuring left Lakshmi with the smaller business

Bengaluru and Mumbai, Oct. 16 -- At the heart of the dispute in the Venu Srinivasan family is a fundamental question: did a restructuring of the TVS group leave the two siblings with unequal business ... Read More


Pulse of the Street: Best week since April market puts recovery to the earnings test

New Delhi, Oct. 16 -- Indian stocks have reported their strongest weekly rally since April, but the rebound has yet to broaden beyond the largest companies. A sharp rally in information technology (IT... Read More


India's top paintmakers plan second price hike this year as crude crosses $100

Mumbai, Oct. 16 -- India's leading paintmakers Asian Paints and Berger Paints are raising prices for the second time this fiscal year, ahead of Diwali. The move comes as crude oil prices cross $100 a ... Read More


The curious case of IDBI Bank's winner Wednesdays

New Delhi, Oct. 16 -- There's something about Wednesdays for IDBI Bank investors. Over the past year, the lender's shares have delivered their strongest average returns midweek, only to lose ground th... Read More


Nestle better insulated from cost inflation than rural-heavy rivals: ICICI Sec's Manoj Menon

New Delhi, Oct. 16 -- FMCG and retail stocks are under pressure as inflation concerns and weak monsoons threaten India's consumption narrative. Nestle India shares plunged 8% on Thursday amid growing ... Read More


Pulse of the Street: Best week since April puts recovery to the earnings test

New Delhi, Oct. 16 -- Indian stocks have staged their strongest weekly rally since April, but the rebound has yet to broaden beyond the largest companies. A sharp rally in information technology (IT) ... Read More


Global auto once fled India; but some MNCs are now changing the script

New Delhi, Oct. 16 -- In a tough market where Detroit's auto giants folded, a new wave of foreign automakers is doubling down. Spurred by a domestic automobile boom and pressure from homegrown rivals,... Read More