Manappuram Finance Ltd on Monday issued clarification on media reports regarding a potential $1 billion deal with Bain Capital, saying that there is no information available which requires disclosure under SEBI’s Listing Regulations. In a regulatory filing, the company said, “We have taken note of the captioned news item, and confirm that currently there is
The hospitality industry in India has witnessed a sharp rebound post pandemic with demand expected to outpace supply over next 3-4 years, stated a report by Yes Securities. This upcycle, unlike the previous ones, should allow the hospitality companies to capitalise on incremental growth opportunities given the robust balance sheets of key branded players with
Bharti Airtel and Apple have entered into a strategic partnership, as per Reuters. The deal exclusively offers Apple TV+ and Apple music to its wi-fi and postpaid customers. (The story will be further updated as and when more details come.) » Read More
India Inc is expected to record a revenue growth of around 7-8 per cent YoY in Q4FY25, stated a report by ICRA. This, it added, will be led by revival in rural demand and uptick in Government spending. However, headwinds like the evolving global uncertainties, especially trade tariffs, can weigh on the growth levels. The
Even as US President Donald Trump yet again announced that he will impose reciprocal tariffs on India, Kotak Institutional Equities said that the impact of the reciprocal tariffs proposed by the US on its trading partners depends on multiple variables and hence, is hard to precisely quantify. Earlier on Saturday, a PTI report quoted Trump
Private equity giant KKR has signed a definitive agreement to pick up a controlling stake in cancer care hospital chain Healthcare Global Enterprises (HCG) from CVC Asia V for $400 million (approximately Rs 3,465 crore). As part of the transaction, KKR will acquire up to 54% of equity in HCG from CVC Asia V at
Bengaluru based property developer Brigade Enterprises reported a more than threefold jump in its Q3 consolidated net profit to Rs 236.24 crore and its sales bookings rose 63% to Rs 2,492 crore in the December quarter. Pavitra Shankar, managing director, Brigade Enterprises, talks to Raghavendra Kamath about the company’s plans and outlook for the real
Third-party logistics provider Delhivery is betting big on road trains — tractor units towing multiple trailers — to transform transportation for high-volume sectors like automobiles and fast-moving consumer goods (FMCG). The company believes this innovation will significantly reduce costs and enhance efficiency. Arun Bagavathi, network design head at Delhivery, told FE that logistics is a
When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and
With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite
OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy
Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company
Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The
