IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank dealIIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blacksto...
Defence stocks rally as DAC clears Rs 1.10 lakh crore acquisition proposalsDefence stocks experienced a notable surge on Tuesday following government approval for military acquisitions. These proposals, valued at a...
State oil companies lose up to 35% bulk diesel salesState oil companies are grappling with substantial bulk diesel sales losses as numerous large customers pivot to retail pumps to evade soar...
Karamtara Engineering raises Rs 262 crore from anchor investors ahead of IPO. HDFC MF among top buyersKaramtara Engineering secured Rs 262.50 crore from anchor investors before its upcoming IPO. The company allocated over one crore shares at...
Tata Power Solaroof crosses 5 lakh rooftop solar installationsTata Power Solaroof has successfully reached a remarkable milestone of over five lakh rooftop solar installations across India. With more t...
Company can face criminal prosecution even if no individual is made accused: Supreme CourtIn a landmark ruling, the Supreme Court has established that companies can be subjected to criminal proceedings even when no individuals ar...
CAS rewrites closing bell: How capital-market stocks performed in 1 month & what comes nextFollowing the introduction of the Closing Auction Session, capital-market stocks displayed a range of performances. While Motilal Oswal Fin...
Tech companies look to Argentina's windswept Patagonia to build massive data centersAs tech giants known as hyperscalers race worldwide to build server farms and run into roadblocks amid anti-data-center campaigns, projects...
Supreme Court ruling: Company criminal liability upheld even without director indictment in cheating casesThe Supreme Court ruled criminal cases against companies can proceed without specific individuals named. This decision impacts corporate cr...
RBI easing drives Indian companies’ $7.70 billion overseas borrowingIndian companies filed proposals worth $7.70 billion for external commercial borrowings in July. This marked a significant 27% growth over ...
Karnataka woos French companies for investments in manufacturing, R&D and aerospace sectorsKarnataka is seeking French investment in manufacturing and emerging sectors. Discussions were held with Roquette, bioMerieux, and Hutchins...
Wholewheat biscuits contained only 19% wheat but 52% maida, company said the 'wholewheat' was only a trademark; Consumer court orders company to pay Rs 1 lakhCCPA has fined Pladis India Rs 1 lakh for marketing McVitie's Wholewheat Marie biscuits as "Wholewheat" despite the product being only 19.5...
Seized Abhayrab vials not manufactured by company: Indian Immunologicals LimitedIndian Immunologicals Limited has asserted that the rabies vaccine vials in question were not produced by their facility. Following a poten...
Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companiesAdobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executi...
Maldives awards contract for Phase 1 of Thilafushi Port to a Chinese companyThe Maldives has abandoned its port development agreement with India. A new memorandum was signed with a Chinese company for the Thilafushi...
Largecaps lag mid and smallcaps as rising input costs squeeze marginsLarge-cap firms saw operating margins contract significantly year-on-year. Mid- and small-cap companies experienced lesser margin contracti...
Aswath Damodaran disagrees with Vinod Khosla on the scaling vs profitability debate. Here’s whyAswath Damodaran has challenged Vinod Khosla’s view that companies should prioritise scaling over profitability. Damodaran argues that the ...