Adani Group to Raise ₹7,148 Cr From Stake Sale in Wilmar JV
Business Standard|January 10, 2025
The Adani group will raise ₹7,148 crore from sale of up to 20 per cent stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business.

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SIP OF LIFE
Business Standard

SIP OF LIFE

How Makaibari, the iconic Darjeeling tea brand, is seeking to brew a touch of lifestyle and heritage in Kolkata and beyond

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5 mins  |
January 25, 2025
Business Standard

Lanka power project not cancelled: Adani group

The Adani group on Friday denied the cancellation of Adani Green Energy's (AGEL's) wind power project in Sri Lanka. The group said the tariffs for the project are being re-evaluated as part of a standard process.

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1 min  |
January 25, 2025
Highways Infra Trust eyes ₹25k cr AUM this FY
Business Standard

Highways Infra Trust eyes ₹25k cr AUM this FY

Highways Infrastructure Trust's growth is set to be fuelled by the infusion of ₹5,500 crore from its key investors -- KKR and Ontario Teachers' Pension Plan (OTPP), said Gaurav Chandra, executive director and joint chief executive officer.

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2 mins  |
January 25, 2025
Business Standard

Patanjali recalls 4 tonnes of red chilli powder

Home-grown fast-moving consumer goods (FMCG) company Patanjali Foods on Friday said that it had recalled four tonnes of red chilli powder (200 gm packs) from the market.

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1 min  |
January 25, 2025
Business Standard

GCPL net down 14.2% at 498 cr

Godrej Consumer Products Ltd (GCPL) on Friday reported a 14.24 per cent decline in consolidated net profit after tax (PAT) of ₹498.31 crore in the third quarter ended December 2023, impacted by demand headwinds in India and surge in palm oil prices.

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1 min  |
January 25, 2025
Business Standard

Sebi bars Suumaya’s promoters for fraud

The Securities and Exchange Board of India (Sebi) on Friday debarred four individuals from the promoter group and management of Suumaya Industries for allegedly manipulating markets (Suum) from accessing the market and engaging in fraudulent transactions, and diverting funds.

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1 min  |
January 25, 2025
Business Standard

DFS secretary: Pension fund market needs diversification

The pension fund industry requires greater participation, given the high concentration of assets, Department of Financial Services (DFS) Secretary M Nagaraj said on Friday.

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1 min  |
January 25, 2025
Future shock for India in technology?
Business Standard

Future shock for India in technology?

A large chunk of its workforce is unprepared as AI, ML become common

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1 min  |
January 25, 2025
Fall in rupee an investment opportunity for NRIs, GCCs
Business Standard

Fall in rupee an investment opportunity for NRIs, GCCs

However, experts warn of risks ahead

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2 mins  |
January 25, 2025
Tata Electronics acquires 60% in Pegatron India, bags iPhone plant
Business Standard

Tata Electronics acquires 60% in Pegatron India, bags iPhone plant

Tata Electronics announced on Friday its acquisition of a controlling 60 per cent stake in Pegatron Technology India Private Limited - a subsidiary of Taiwanese electronics manufacturing giant Pegatron Corporation.

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2 mins  |
January 25, 2025