CATEGORIES

ReNew Energy to be taken private in $2.8 bn deal

Gurgaon-based ReNew Energy, which got listed on Nasdaq, will start the process of delisting as leading global financiers place a non-binding offer for buying out the company's shares.

Shriram Finance completes sale of housing finance arm

Shriram Finance, the flagship company of the Shriram Group, on Wednesday announced the successful completion of the sale of its entire stake of 84.44 per cent in its housing finance subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus, a leading global growth investor firm for a sale consideration of ₹3,929 crore.

SolarSquare raises $40 mn in Series-B funding from Lightspeed

Rooftop solar startup SolarSquare has raised $40 million in a Series-B funding round, led by Lightspeed with participation from Lightrock. Existing investors Elevation Capital, Chris Sacca's Lowercarbon, Nithin Kamath's Rain-matter, and Gruhas Proptech also invested in the round. The company plans to use the funding to expand its operations, hire talent, and for brand building.

Haber raises $44mn in Series-Cfunding round

Haber, an industrial AI startup, on Wednesday raised $44 million in a Series-C funding round, led by Creaegis, BEENEXT, and Accel, to fuel international expansion.

BlackSoil targets ₹500 cr final close for 2nd credit fund

Alternative credit platform BlackSoil is targeting a final close of its second fund, BlackSoil India Credit Fund II, at ₹500 crore.

Swiggy rolls out invite-only membership programme

Swiggy on Wednesday announced the launch of 'One BLCK', an exclusive invite-only membership for consumers seeking the highest level of convenience and services.

RPower arm bags biggest solar, battery storage project

Reliance NU Suntech, a subsidiary of Reliance Power, has secured India's largest solar energy and battery energy storage system (BESS) project at 930 MW (megawatts) from the Solar Energy Corporation of India (SECI), according to an exchange filing.

Inox GFL enters into solar manufacturing

First plant likely by early next year

Bhartias, Jaipurias to slug it out in cola space

Firms are competing in the QSR space

Tafe, AGCO turn advertising soil for Massey

Tractor rivals resort to media campaigns to stamp their claim on the iconic brand

Daewoo TV pricing strategy to focus on value

5% higher than Chinese, but 8-10% lower than Korean competitors

Maruti plans to expand service touchpoint network by 53% in 6 yrs

Maruti Suzuki India (MSIL) will expand its service network by adding 2,760 touchpoints by 2030-31 (FY31), a jump of 53 per cent which will take the total number of such centres to 8,000 across the country, Managing Director and Chief Executive Officer (CEO) Hisashi Takeuchi announced on Wednesday.

RInfra arm, Axis Bank get SC contempt notice

DMRC REFUND DISPUTE

Toyota bucks mkt slump, expects growth to continue

Amid slowing volume sales among India's major automakers, Toyota Kirloskar Motor (TKM) has defied the trend with strong growth, driven by demand for hybrid vehicles and a reliable product line up.

Car discounts in top gear on muted sales

Inventory buildup prompting aggressive promotions in December

FM: Reducing debt burden a priority for next decade

Finance Minister (FM) Nirmala Sitharaman on Wednesday said the priority of the government for next decade should be to reduce the debt burden and borrow only to build assets.

New RBI guv signs in, says focus to be on economic growth, policy stability

Sanjay Malhotra, who assumed office as the twenty-sixth Reserve Bank of India (RBI) governor on Wednesday, said in his first media interaction that fostering economic growth, ensuring stability in policy making, and expanding financial inclusion would be among his key priorities moving forward.

Coca-Cola to sell 40% in bottling unit to Jubilant

Reports peg the deal at around ₹12,500 crore

Store long-term crypto holdings in a cold wallet

SAFETY TIPS FOR CRYPTO INVESTORS

Swiggy's early moves stir pot in food, qcom

Growth, strategy may help close the gap with Zomato

RIL continues to be a laggard on bourses

Reliance Industries (RIL), India's largest company by revenue and market capitalisation, is a laggard on the bourses.

DigiLocker may be used to ease the process of claiming unclaimed assets

The Securities and Exchange Board of India (Sebi) has proposed leveraging the DigiLocker platform to streamline the process of claiming unclaimed assets of deceased investors.

ADANI GREEN FASTEST WEALTH CREATOR DURING 2019-24: MOTILAL OSWAL STUDY

Reliance Industries (RIL) emerged as the biggest wealth creator for the sixth time in a row, while Adani Green and Adani Enterprises were the fastest wealth creators for the five-year period ending March 2024, reveals the 29th annual wealth creation study by Motilal Oswal.

Market regulator widens scope of T+0 settlement to top 500 stocks from Jan 31

The Securities and Exchange Board of India (Sebi) on Tuesday announced that the top 500 stocks will be eligible for the same-day settlement cycle (T+0) in a phased manner.

Net inflows into equity schemes fell 14% in Nov

Slowed by decline in lump-sum investments and NFO collections

Brokerages advise caution in '25

Earnings growth uncertainty, elevated valuations seen capping upsides

Kalki, Stree 2, Maharaja among most popular Indian films: IMDb

Nag Ashwin's Kalki 2898 AD is the most popular movie of 2024. Amar Kaushik's Stree 2: Sarkate Ka Aatank, Chidambaram S. Poduval's Manjummel Boys, and Kiran Rao's Laapata Ladies also make it to a somewhat eclectic top-ten list from IMDb (Internet Movie Database).

IIT-Delhi, IIT-Kanpur among world's top 100 varsities for environmental impact

Indian Institute of Technology (IIT), Delhi is at top among universities in India for sustainability, jumping 255 places to reach 171 globally, according to QS Rankings announced on Tuesday.

IIT-Madras comes out with world's 1st detailed 3D images of foetal brain

Indian Institute of Technology Madras has become the first research organisation in the world to release the most detailed 3D high-resolution images of the foetal brain, pushing the frontiers of brain mapping technology and placing India in the global league of brain mapping science.

Andre Agassi serves an ace for tech in education

Tennis legend Andre Agassi said finding private sector solutions for daunting social problems is important and needs to be scaled up.