No one was surprised when the price of Life Insurance Corp. of India’s shares dropped on its trading debut, but for the government, the headache starts now as its ambitious disin ... Read more
Hindalco’s US unit Novelis is shoring up its US presence with a $2.5 billion investment in setting up a new aluminum recycling and rolling plant in Alabama. In India, despite a m ... Read more
The country’s biggest IPO, the share sale of Life Insurance Corp. of India, went off smoothly with an enthusiastic response from retail investors, compensating for the somewhat m ... Read more
The world’s largest cement maker, Holcim, put its twin listed entities in India, Ambuja Cement, and ACC, on sale. Potential buyers include market leader UltraTech Cement, JSW, an ... Read more
Market leaders Tata Consultancy Services and Infosys posted tepid quarterly numbers even as they said growth momentum would continue into the coming year. Meanwhile, investment in ... Read more
Even as it looks to finalize the timing of the mega LIC share sale, the government is also considering a hike in the percentage of the stake it plans to sell. Earlier reports had s ... Read more
Forced by pandemic-led closures of theatres, exacerbated by the rising popularity of streaming platforms, PVR and Inox Leisure, India’s top two multiplex chains, have agreed to a ... Read more
Invesco’s change of heart came after a Bombay high court order cleared the decks for the extraordinary general meeting (EGM) sought by the private equity company to remove Goenka ... Read more
For the second time in a year, the Tata Group was caught napping. Listen more in this episode. Read more
The can of worms at the National Stock Exchange is wide open and what’s emerging isn’t pretty. Read more
