Refuting media reports on acquisition talks with Adani Group-owned Ambuja Cement, Star Cement said that the reports are speculative and the company is not engaged in any such discussions. In a regulatory filing, Star Cement said, “We hereby clarify that the above mentioned news item is speculative and the company is not engaged in any
With ultra-high-net-worth families no longer being concentrated in cities like Mumbai, Delhi, Bengaluru or Hyderabad, family offices are now proliferating in places such as Surat, Ludhiana, Lucknow, Ahmedabad, Nagpur and Coimbatore. Affluent families from these places, particularly the younger generation, are focusing on setting up these offices to diversify their risks and systematically invest into the equity market, mutual funds, structured instruments
Suzlon on Wednesday announced that it has expanded its partnership with JSP Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables, with an additional 302.4 MW wind power project in the Koppal region of Karnataka, aimed at accelerating India’s green steel production. This, the company added, brings the total capacity from Jindal Renewables to
Godavari Biorefineries (GBL), a manufacturer of renewable chemicals and biofuels, announced that it has entered into a strategic international license agreement with Catalyxx Inc. The agreement, it added, gives Godavari biorefineries exclusive rights to use advanced technology of Catalyxx’ Inc. The technology will be used to convert ethanol into biobutanol and other higher alcohols. The
Cyient DLM on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with Arcedo Systems to establish a 500 kWp rooftop solar power plant at Cyient DLM’s Mysore facility. This strategic collaboration, the company added, reinforces its commitment to sustainability and advancing its Environmental, Social, and Governance (ESG) goals by significantly increasing its
Vodafone Idea’s revenue market share has fallen to an all-time low of 14.5% in the July-September quarter, as the company witnessed share loss in all 22 circles, according to data by Telecom Regulatory Authority of India (Trai). In the preceding quarter, the company’s revenue market share was at 15%. Analysts said that the company lost
By Dilip Sawhney The global semiconductor landscape is transforming, accelerated by the supply chain disruptions that followed the COVID-19 pandemic and escalating global geopolitical concerns. Industries such as automotive, consumer electronics, and the high-tech sector bore the brunt of post-pandemic chip shortages – particularly in countries like India where domestic semiconductor manufacturing has historically been
Textile-to-real estate group Raymond is seeing buoyant sales in the current quarter and expects it to pick up in the coming months. Gautam Singhania, chairman and managing director of Raymond group tells Raghavendra Kamath that real estate sales will continue to be good in the coming years. He chose not to offer any comments on
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling USD 7.2 billion — the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. “This represents a 67 per cent increase in volumes and a 5.4-fold increase in
