Privately held conglomerate Shapoorji Pallonji Group is aiming to sign a $3.4-billion debt deal as early as Wednesday evening, in what would be the country’s biggest ever private credit deal, people familiar with the matter said.About 12 large investors, including Ares Management, Cerberus Capital Management, Davidson Kempner Capital Management, and Farallon Capital Management participated in…
MUMBAI: Following an understanding reached between India and Pakistan over the weekend on the stoppage of military action, a semblance of normalcy seems to be setting in the border towns.Businesses are largely resuming full operations, and employees are returning to offices in these areas. Companies with a wider coverage of manufacturing and other processes, however,…
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Havells, Adani Energy Solutions Ltd, and HCL Technologies Ltd are the top buy calls for today.Here’s his view on Nifty, Bank Nifty and the top stock picks for May…
MUMBAI: India is the most preferred market to invest in now in Asia, a survey of global fund managersby BofA Securities found. A large number of these fund managers believe that India would be the biggest beneficiary of the tariff-related realignments. India replaced Japan, which is now at the second spot among the most favoured…
MUMBAI: Tata Power plans to bid for two electricity distribution companies in Uttar Pradesh — Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam — once tender documents are released, said MD Praveer Sinha. This move supports Tata Power’s goal to grow its transmission and distribution (T&D) business, which brings in most of its revenue…
NEW DELHI: Tata Power on Wednesday reported a nearly 25% increase in consolidated net profit to Rs 1,306.09 crore for the March quarter of FY25, driven by strong performance across its key segments- generation, transmission, distribution, and renewables.The consolidated profit for the quarter ending March 31, 2024, stood at Rs 1,045.59 crore, as per regulatory…
Four Indian firms invested close to $6 million in Azerbaijan and Turkey as part of the country’s total outbound foreign direct investment (FDI) for April, according to the data released by Reserve Bank of India on Wednesday.These contributions represent a small portion of the overall $6.8 billion in proposed overseas investments by Indian companies that…
India is preparing for substantial procedural changes to facilitate the import of US apples, addressing concerns highlighted in the March 31 USTR report. (AI image) India-US trade deal: Both India and the United States are making significant headway in reducing bureaucratic obstacles affecting trade in various commodities between the two nations.Over the past two weeks,…
Representative (Photo credit: ANI) NEW DELHI: Protests have erupted in several parts of the nation, as fruit traders begin boycotting Turkish goods, especially apples—after Turkey voiced support for Pakistan in its actions against India.Traders have strongly opposed Turkey’s stance, saying any country that supports Pakistan against India will face a boycott. “Turkey gave drones to…
NEW DELHI: The Cabinet on Wednesday approved a new semiconductor plant in Jewar, Uttar Pradesh. The plant, to be set up by the HCL-Foxconn joint venture, will produce display driver chips for mobile phones, laptops, and cars under the “India Semiconductor Mission.”“The Cabinet has approved a sixth semiconductor plant. It is a joint venture between…
