Gautam Adani, his nephew Sagar Adani and other key Adani executives have not been charged with any bribery charges, that is, violation of the Foreign Corrupt Practices Act (FCPA) in the indictment of the US Department of Justice (DoJ) or the civil complaint of the US Securities and Exchange Commission (SEC), Adani Green Energy Ltd
Investment firm We Founder Circle is looking to invest in emerging sectors such as sustainability, electric vehicles (EVs), space tech and defence tech by FY25. “EVs are a major focus for us as the global push towards clean energy and reducing carbon emissions is driving innovation in this space,” Gaurav VK Singhvi co-founder, We Founder
RMZ, one of the largest family-owned alternative asset owners, aims to build a diverse portfolio across sectors such as hospitality, healthcare, data centres, warehousing, and residential real estate, while also exploring opportunities in the renewable energy sector. The company plans to bring in partners and investors to support its growth across various businesses. RMZ will
Sonata Software on Wednesday said it has secured a multi-million dollar modernisation deal with a global leader in access solutions. The project aims to integrate and standardise the client’s business processes across 13 countries in the APAC region, enabling seamless operations and real-time engagement with customers, suppliers, distributors, and partners, it said. The deal was
IT services company LTIMindtree has set its sights on achieving $10 billion in revenue by financial year 2031-32 by scaling verticals and embracing artificial intelligence (AI), as unveiled during its Investor Day on November 26. However, the announcement met with mixed reactions from brokerage firms, with many expressing caution over margin pressures and execution risks.
The government has auctioned nine coal mines of ten that went under the hammer, expecting to generate an annual revenue of Rs 1,446 crore as these go on stream. The auctioned blocks which include three fully explored mines and six partially explored coal mines are likely to attract a capital investment of around Rs 2,115
Citing the rising import dependence to meet domestic consumption, the domestic aluminium industry has sought policy steps to “safeguard” the domestic market and create a conducive situation for fresh investments. Over 55% of the domestic consumption was met via imports in FY24, while domestic capacity creation is at a low ebb. Industry bodies namely the
Cement volumes growth is expected to moderate to 4-5 per cent to 445-450 million MT in FY2025, stated ICRA while revising its projection from an earlier forecast of 7-8 per cent released in July 2024. This, it added, is on account of slower-than-expected ramp-up in construction activity across the housing and infrastructure sectors, post the
Bengaluru-based developer Puravankara is expecting about a fifth of revenues coming from western part of the country including Mumbai and Pune in FY25. The company is expecting a topline of Rs 900 crore from the region across six projects in FY25, said Rajat Rastogi, chief executive -West at Puravankara. ALSO READBlackstone to acquire 40% stake
The blistering heat may be inconvenient for people, but durable firms are cheering the early onset of summer this year. The west, east and parts of the north are seeing daily temperatures of 34-35 degree Celsius, prompting consumers to turn on their air conditioners, coolers and fans. Firms are expecting around 35-40% year-on-year growth in
Bull markets spawn many cock-and-bull stories. Finfluencer Asmita Patel, who called herself the She-Wolf of the stock market, is a great example. The so-called ‘options queen’ used to run a school, Asmita Patel Global School of Trading, which despite claiming to manage a portfolio of Rs 140 crore and handling funds worth Rs 283 crore
Managed ATM services provider CMS Info Systems, is expanding the scope of its machine learning tech solutions beyond ATM management to sectors like multi-brand retail, and quick commerce, as it attempts to position itself as a business solutions company, a senior executive told FE. The applications it has deployed so far span inventory management at
A day after announcing plans to increase its investment in India to $100 billion, global private equity giant Blackstone has announced that it will acquire 40% stake in Pune-based Kolte Patil Developers (KDPL). Through its subsidiary BREP Asia III Holding Company, Blackstone will acquire a 14.3% stake (12.6 million shares) in KDPL at Rs 329
