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Adani-Hindenburg Case: Hindenburg Research's disclosure of suspected violations by Sebi regarding Adani Group's short bet led to minimal gains, highlighting challenges foreign investors face under Indian securities rules. The short seller also state...

Ecom Express plans a $170 million rights issue with existing investors. Revenue grew 20% in FY23 despite widening losses. The company postponed a public listing like Delhivery and Xpressbees. Serving Meesho, Ecom Express ventures into quick-commerce...

Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.

Havells India has partnered with Jumbo Group in the UAE to introduce kitchen appliances. Online sales on jumbo.ae will be followed by retail distribution. Havells aims to enhance brand presence and customer accessibility. Jumbo Group CEO emphasizes ...

Volvo group Inks MoU with Manipal University, KIIT University and SRM University to build a stronger industry-academia engagement and enhance industry readiness of students in the automotive arena.

Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a string...

Goswami Infratech's NCDs yield surged to 22% due to SP Group's debt raise, linked to SIPL's interest rate, triggering early redemption event, approved for extension until Sept 2024.

Goswami Infratech issued rupee-denominated zero-coupon NCDs to investors like Deutsche Bank, backed by group-level monetisation events for debt reduction.

Highlighting India's capabilities in producing electric vehicles and solar panels at scale, he noted, "India is a key part of our diversification agenda and supply chain resilience." This collaboration is particularly crucial as both countries aim t...

Early-stage venture firm Sorin Investments, founded by veteran dealmaker and former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, sources told ET. Through this fund, Sorin will back startups looking to raise ...

The US-based investment firm saw its investment in six Adani group stocks nearly triple in value, from ₹38,500 crore ($4.6 billion) to ₹96,431 crore ($11.62 billion) within a span of roughly seven months. This remarkable 150% increase highlights the...

The new visa free group travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow i...

Deutsche Bahn AG has evaluated bids for DB Schenker. Companies such as CVC, Carlyle, DSV, Maersk, MSC, Bahri, ADQ are the potential buyers.

BCCI signs Wonder Cement as IPL's official umpire partner, replacing Paytm. Wonder Cement's Rs 250 crore deal spans IPL 2024-2028. It joins Tata Sons, My11Circle, AngelOne, RuPay, and Ceat in IPL sponsorship. The deal enhances Wonder Cement's nation...

Sumit Gera appointed CEO of India Business Park by CapitaLand Investment Limited as part of leadership succession strategy. Gera takes over from Gauri Shankar Nagabhushanam, who becomes CEO of CapitaLand India Trust (CLINT), Asia’s first property tr...

KKR & Co is set to sell its education portfolio in India, Lighthouse Learning, with a valuation of $1-1.2 billion. The group operates over 1,350 pre-schools and 45 schools, attracting interest from global educational institutions and PE funds. Light...

Shapoorji Pallonji Group offers ₹400 crore more to Goswami Infratech bondholders to extend deadline for meeting covenants on ₹14,300 crore borrowings. The company seeks a 4-month window to sell assets, ensure payment of ₹1,400 crore interest at 18.7...

Air India has partnered with MedAire to offer emergency healthcare services to passengers and crew, becoming the first airline in India to integrate MedAire's medical assistance across its fleet. This collaboration aims to enhance in-flight medical ...

In the unlisted market, the company's shares are commanding a healthy premium of Rs 50 in the unlisted market. The company has priced the IPO in the range of Rs 258-278 per share