Shapoorji Pallonji firm faces bond yield spike on asset sale concernsConcerns revolve around the mandatory prepayment clause, including coupon step-ups and utilising proceeds from the monetisation of assets l...
Adani Ports shares surge over 2% amid company's bid to acquire Gopalpur PortsAdani Ports is in advanced talks to acquire Shapoorji Pallonji Group’s (SP) Gopalpur Ports as part of a neatly woven string-of-pearls strat...
Adani buys Ocean Sparkle for Rs 1,700 crore“Given the synergies of OSL and Adani Harbour Services, the consolidated business is likely to double in five years with improved margins, ...
Adani Ports to acquire marine services firm Ocean SparkleCommenting on the development, APSEZ CEO and Whole-time Director Karan Adani said given the synergies of OSL and the Adani Harbour Services...
Radia to enter NCR mkt with 600-bed hospital in GurgaonCalled PrimaMed, the 600-bed facility is coming up on Golf Course Road and will mark the entry of Nayati Healthcare, which is promoted by N...
Shapoorji Pallonji set to acquire 51% in Gopalpur portThe second private port in Odisha, the Gopalpur project was won by a consortium of OSL, metal trader Sara International and Hong Kong-based...
OSL Luxury launches Versace Collection in IndiaSalesh Grover, business head, OSL Luxury Collections said: “We are happy to announce that Versace Collection will be marketed and sold by u...
MNC luxury brands like Hugo Boss and others shuffle partners in quest for bestBillionaire, which was expected to sign an agreement with Infinite Luxury Brands, has instead decided to partner Dubai-based BinHendi Enter...
Work at Paradip Port begins under police watch, but continuing strike highlights simmering problemsEven as members of the Paradip Port Stevedore’s Association (PPSA) and nine other associations continue with their strike outside the port’...
Global brands change partners for more reach in IndiaStore location is not the only change that Brioni has initiated in the country. It has found a new partner to sell its jackets, and shirts.
Kolkata Port Trust to relax contract terms for Haldia berths 2 & 8"We are trying to relax terms of the contract so that capital cost for operation can be reduced for the new operator," said KoPT Chairman R...
Weaker rupee a luxury companies can't afford, to push up pricesMarketers of most luxury products, from watches and bags to clothing and shoes, plan to increase their prices by 10-15%.
- Standard Chartered PE invests Rs 200 cr in Ocean Sparkle
Standard Chartered Private Equity (SCPE) today said it has invested Rs 200 crore in Ocean Sparkle Limited (OSL), a port operations and mana...
- Eredene Capital's subsidiary buys 8.22 pc stake in OSL
UK-based Eredene Capital PLC announced on Thursday that its wholly-owned subsidiary has invested USD 11.1 million for a 8.22 per cent stake...
- Gopalpur port project on track despite Noble's pullout
Progress of work in the Rs 2500 crore Gopalpur port project will not be affected with the exit of Hong Kong-based Noble Group Ltd [GL] from...
- Space Group joins with two Orissa Cos to launch Covent Garden housing project
Kolkata based Space Group has joined hands with Cuttack based Orissa Stevedores Limited (OSL), Kandoi Transport Limited (KTL) to provide ca...
- Ocean Sparkle explores foreign port projects
Hyderabad-based Ocean Sparkle Ltd (OSL) is eyeing foreign port/terminal projects. India’s largest and fastest growing harbour towage servic...