Piramal Realty on Thursday said it has formed a joint venture with Omkar Realtors to develop a project in Mumbai and will invest Rs 3,000 crore over the next few years. Piramal Realty, the real estate development arm of...
MTNL seeks shareholders’ nod to raise funds, monetise land and holdings
State-owned MTNL on Wednesday said it will seek shareholders’ nod for monetisation of land and buildings as well as for raising up to Rs 6,500 crore through non-convertible debentures (NCDs). Mahanagar Telephone...
QIA to pick 25% stake in Adani’s Mumbai power distribution business
Adani Transmission on Wednesday entered into an agreement to sell a 25.1 per cent stake in its Mumbai power distribution business to Qatar Investment Authority (QIA) for Rs 3,200 crore. The power transmission company...
ReNew Power forms joint venture with Korean major GSE&C for Rajasthan unit
ReNew Power Private Limited (ReNew Power), India’s largest renewable energy independent power producer, today announced a joint venture partnership with South Korea-based GS E&C for execution of its 300 MW solar...
Nippon Express gets CCI nod to acquire 22% stake in Future Supply
The country’s competition watchdog Competition Commission of India (CCI) on Tuesday approved Nippon Express’s proposed acquisition of 22 per cent stake in Kishore-Biyani-led Future Supply Chain for Rs 641 crore. This is...
BPCL stake sale shows govt’s change of track on disinvestment, says CEA
Chief Economic Advisor Krishnamurthy Subramanian on Tuesday said the disinvestment of a profitable company like BPCL reflects a change in the way government views disinvestment and privatization. “So far...
Erwin Braich, the puzzling Canadian tycoon behind bid to save Yes Bank
Erwin Singh Braich, the mysterious tycoon behind a $1.2 billion bid to rescue a beleaguered Indian bank, says he is Canada’s richest man with a story so fabulous that Netflix Inc. wants to tell it. There’s a less...
Yes Bank yet to approve Blackstone’s buyout of Coffee Day’s tech park
Beleaguered Coffee Day Enterprises Ltd.’s sale of its technology park to Blackstone Group Inc. is stalled as one of its creditors hasn’t approved the deal, people with the knowledge of the matter said. Yes Bank Ltd...
SC orders interim stay on NCLAT order on Orchid Pharma resolution process
The Supreme Court has ordered an interim stay on the National Company Law Appellate Tribunal’s (NCLAT’s) ruling on the resolution of debt-ridden Orchid Pharma. The NCLAT in November set aside the National Company Law...
Amalgamated entity of 3 PSBs to retain sovereign status: UBI chief
Alleging that some private banks were trying to mislead a section of depositors of the three state-run banks which will be merged into an entity by telling them to shift their deposits, a top UBI official on Saturday...
Odisha Slurry Pipeline bidding hots up as Thriveni offers Rs 4,000 crore
Tamil Nadu-based Thriveni Earthmovers has raised the ante in its bid to acquire Odisha Slurry Pipeline Infrastructure (OSPIL) with an upgraded offer of Rs 4,000 crore, as against Rs 2,350 crore being offered by...
30 committees monitoring the Canara-Syndicate Bank merger process
Around 30 committees are currently looking into various aspects of integration, including human resource (HR) and technology, as part of the merger process between Canara Bank and Syndicate Bank. As part of this...
