Tata Electronics will set up a display manufacturing unit in Gujarat in partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) and Himax Technologies, Inc. The three companies on Wednesday signed a tripartite Memorandum of Understanding (MoU) to jointly explore opportunities in the display semiconductor market and ultra-low power AI sensing, both in India and globally.
Global investor Brookfield Asset Management, on Wednesday said it has sold 1.6 GW portfolio of solar and wind assets in the country to Gentari Renewables India, structured in two phases. Though the investor did not disclose the size of the deal, sources pegged the deal around $900 million. The first phase, comprising the sale of 1
Joint Civil Judge S S Shinde of the Pune Civil Court on Wednesday asked the court to issue notices to Baba Kalyani and Gaurishankar Kalyani regarding a partition suit filed by their sister, Sugandha Hiremath. The court was hearing a partition suit filed by Hiremath, seeking a one-third share of the Kalyani HUF (Hindu Undivided
In the largest deal in mall space, global investor Blackstone Group is set to acquire South City Mall in Kolkata for Rs 3,480 crore ($400 million), said people familiar with the matter. Apart from the mall, the deal also includes the purchase of a school property in Sri Lanka, the people said. “Both the mall
Shraeyansh Thakur, an investor at Peak XV Partners (formerly Sequoia Capital India and SEA), is leaving the venture capital fund after nearly a decade to pursue a new entrepreneurial journey, he said in a LinkedIn post on Wednesday. Thakur is on the board of Apna Mart, Cars 24, and digital visa platform Atlys, while he
Oyo is expected to report a profit after tax (PAT) of Rs 1,100 crore in 2025-26, according to the company’s founder Ritesh Agarwal. If true, this will be significantly higher than Rs 229.6 crore reported in 2023-24. Agarwal shared the profit projections with the company’s management recently, according to people familiar with the matter.Between April
A management and strategy consultant has sparked a social media debate by claiming her client’s valuations soared a whopping 50% after she convinced them to shift base to Bengaluru. Founder of Anthropia, Piyu Dutta posted on her X handle, “Convinced a client to move their head office to Bangalore. Kolkata address was discounting the valuation by
The falling market has created some pockets of comfort in the large-cap space and also among small- and mid-cap stocks, despite them trading above their long-term averages, says Nimesh Chandan, chief investment officer at Bajaj Finserv AMC. He tells Ananya Grover that investors should exercise caution while investing in initial public offerings (IPOs). Excerpts: Nifty
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
When it comes to amassing vast wealth, the general perception is that billionaires are just lucky. But the reality is different. Billionaires invest very wisely to grow their wealth. Their strategies are so effective that not only do they increase their wealth, but they also do not have to pay much tax. Let’s know what
After a brief lull in big-ticket IPOs, the Indian stock market is gearing up for another major listing – this time from a household name in consumer electronics. After Hyundai Motors India made waves last year, another South Korean giant, LG Electronics India, is ready to debut on the Indian stock exchanges. The consumer electronics
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on March 14 in observance of Holi. Trading in equities, derivatives, SLBs, currency derivatives, and interest rate derivatives will remain suspended for the day. The commodity derivatives segment will also be shut during the morning session from 9:00 am to 5:00
