The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15% to 20% over the next two or three years, according to Pavninder Singh, partner and a member of the Asian Pacific private equity team.
The company expects to win around 25 percent of all Indian Railways tenders for Kavach systems; sees interim Budget giving thrust on capex for developing railway infrastructure.
Foreign lessors, including an Irish subsidiary of U.S.-based ACG, were blocked from recovering jets caught up in the bankruptcy of budget carrier Go First last year and many are still embroiled in a legal battle to recover their assets.
Analysts at the Japanese brokerage, Nomura, expect the government to pencil in a 16.5% rise in capex outlay in FY25 (compared with 36% budgeted in FY24), which should keep central government capex elevated at 3.4% of GDP
Ambuja Cement Q3 result: Revenue rose 2.8 percent to Rs 8,128 .80 crore.
This newly established office, which further strengthens the company#39;s global footprint, including in Southeast Asia, will offer enhanced trans-shipment solutions to its clients in Southeast Asia and the Australian peninsula, DTDC said in a statement.
The LT stock has zoomed 71 percent in the last one year, outperforming benchmark Nifty 50 which has risen 21 percent during this period.
An uptick in the RoA will be gradual as the bank continues to invest for the future
ITC reported standalone net profit of Rs 5,572 crore for the December quarter, registering a growth of 11 percent from the year-ago period
The 48-year-old even took out a loan to buy more of the notes to get a better return on his investment.
“Adani Enterprises Ltd. is at the core of everything India wants to accomplish,†analysts Brett Knoblauch and Thomas Shinske wrote in a note dated Jan. 28, initiating coverage as overweight. The risk-reward “is attractive at current levels.â€
Japan#39;s Sony terminated a $10 billion merger deal with the Indian broadcaster last week after two years of negotiations, seeking $90 million in termination fees from Zee for alleged breaches of the terms of the agreement, which Zee has denied.
Mas Financial is a consistent performer and is poised to deliver a predictable long-term return
Domestic mutual fund investor solutions business, which contributed 69 percent to topline, increased 17 percent YoY to Rs 151.5 crore in Q3FY24, KFin Technologies said.
As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 3.04 per cent of the gross loans by the end of December 2023 from 3.58 per cent a year ago.
New Delhi, Jan 27 Realty firm Macrotech Developers Ltd on Saturday reported a 25 per cent increase in its consolidated net profit to Rs 505 crore for t..
China leads the region, with investment expected to grow by more than 160% to $2.1 billion, shows the finding from the research arm of Infosys. The survey will be crucial in deciding who among the residents of the Dharavi slum will be eligible to receive a free home in the area that is being redeveloped.
According to the report, Flipkart#39;s user base grew 21 per cent year-on-year (YoY), Meesho accelerated at 32 per cent while Amazon lagged at 13 per cent user growth primarily due to relative premium offerings as compared to peers.
JSW Gecko, promoted by its founders led by Jaskirat Singh Nagra, has secured an order worth Rs 250 crore from the defence ministry for the manufacture and supply of 96 Specialist Mobility Vehicles branded as ATOR N1200, according to a release.
In Q3FY24, the sale of three-wheelers fell to 38,000 units from 43,000 units in the year-ago period
The total number of shares gifted accounts for 0.2 percent of the share capital of the IT services firm
The build-own-operate project is part of a 2GW bid issued by the SECI to develop Inter State Transmission System (ISTS)-connected wind-solar hybrid power projects throughout India, a company statement said. The letter alleges that efforts are ongoing to scuttle the merger with Sony. Chandra wrote in his letter that while he is not concerned about the probe by market regulator SEBI, but the timing of the new notice.
Given the traction in order inflows, the company is confident of growing in the leaders quadrant
The company did not disclose the value of orders. However, according to company, the value of significant order is between Rs 1,000 crore and Rs 2,500 crore.
The growth in revenue will be aided by a better product mix in favour of premium vehicles, which will lead to a higher average selling price, brokerages have said
The company’s total income also fell to Rs 1,082.85 crore in the third quarter of the current fiscal from Rs 1,651.50 crore a year ago, according to a regulatory filing.
The Japanese entertainment giant sent a termination letter to Zee early on Monday and is expected to disclose it to the exchange later, said people familiar with the plan, who asked not to be identified as the announcement is not yet public. The Japanese entertainment giant sent a termination letter to Zee early on Monday and is expected to disclose it to the exchange later, said people familiar with the plan, who asked not to be identified as the announcement is not yet public.
JK Cement’s total expenses rose 7.5 per cent in the third quarter of the ongoing fiscal to Rs 2,564.29 crore. JK Cement’s total expenses rose 7.5 per cent in the third quarter of the ongoing fiscal to Rs 2,564.29 crore.
Kotecha, who is the Chief Commercial Officer for PepsiCo in Africa, Middle East, and South Asia (AMESA) will assume the role of CEO for PepsiCo India in Sheikh#39;s place, the company said in a statement.
The two officials are Dorothy Attwood, senior vice president of Global Legal, Policy and Compliance for The Walt Disney Company, and Amarjyoti (Amar) Barua, Executive Vice President (EVP) of Group Strategy at the Mahindra Group to the Board of Directors, the US India Strategic and Partnership Forum (USISPF) said in an announcement.
The Board, in its meeting on Friday, also approved the appointment of Arjun Kumar as a non-executive director in the category of an Independent Director of the company for a term of five years with effect from January 19, 2024.
The country#39;s second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos.
The Memorandum of Understanding (MoU), signed under the US-India Low Emissions Gas Task Force (LEGT), would provide MNGL and Heath to jointly identify opportunities in the areas of emissions abatement, underground utility damage prevention, and waste heat recovery, MNGL said in a statement.
Earlier this month, a Jefferies report said that momentum will likely continue in the power sector if monthly power stays at 7 percent or higher
Suntory is looking for local partners in India to expand its drinks and nutrition businesses, he said, although in China, which he acknowledged is still an attractive market, he cannot justify sending in international staff for an investment push in the current environment.
The wholly owned subsidiary of Tata Sons Pvt Ltd develops battery cells, with factories in India and the U.K. Its facilities are designed to be powered by clean energy, according to the company’s website. Lighthouse Canton, a Singapore-headquartered global wealth and asset management investment institution, and NH Absolute Return Partners (NHARP), a Singapore-based asset management company of one of Korea#39;s largest securities firms, NH Investment Securities, have signed a memorandum of understanding (MOU) for co-investing in Indian companies.
"Most client conversations are about cost-saving efforts and there is a conversation every time about AI," Suzanne Dann said in an interview at the World Economic Forum in Davos, Switzerland.
Sun Pharma#39;s offer amounts to about $347.8 million, as per Reuters calculations, with the per share value at a 4.2% premium to Taro#39;s close on Wednesday.
Issues which will figure in the deliberations include ways to further promote sustainable growth of the sector, risks, domestic capital mobilisation and position India on the global startup landscape, the official said.
AMG Media Networks, a unit of Indian billionaire Gautam Adani#39;s flagship firm Adani Enterprises, opens new tab has increased its ownership of IANS shares with voting rights to 76%, and nearly all non-voting shares, up from 50.5% each earlier.
Why is Musk suddenly tweeting gossamer-veiled threats to take his genius elsewhere? Possible explanations run the gamut. At a basic level, he dumped a lot of Tesla stock during 2022 when he was buying Twitter Inc and it is generally agreed that this is not an investment that has performed well.
The deal, valued at Rs 20 crore, encompasses a diverse range of applications, spanning across e-commerce and fast-moving consumer goods and durables segments, OSM said in a statement.
The company is consciously pivoting the book towards high-yielding products
Asian Paints will likely deliver revenue growth of around eight percent, led by the low base as well as the upsurge in the real estate sector
The rating agency raised its long-term issuer credit rating on Vedanta Resources from "SD," or "selective default," to "CCC ", indicating the company is currently vulnerable and depends on favourable conditions to meet its financial commitments.A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...
