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
Venugopal Lambu is a man on a mission. The CEO designate of LTIMindtree has chalked out both a five-year and a 90-day plan to take the $4.3 billion software services player to the next level. The core objective is to win large deals. In a recent interview, Lambu said his ‘fit-for-future programme’ involves identifying project
Home-grown FMCG major Marico expects to deliver a double-digit revenue growth in FY25 helped by sequential improvement with price hike and better volume, its MD & CEO Saugata Gupta said. However, he also mentioned that as far as profitability is concerned there is inflationary pressure on the material inputs in the second half of FY25
Bacardi, known for its flagship rum of the same name, Grey Goose vodka and Bombay Sapphire gin among other labels, has stepped up its investment in India amid a premiumisation wave in alcoholic beverages. India has been identified as Bacardi’s top-five growth markets, Vinay Golikeri, managing director, Bacardi India and neighbouring countries, told FE. ALSO
The Adani Group has released its Tax Transparency Reports for the financial year 2023-24, highlighting a substantial increase in its contributions to the exchequer. The group’s total global tax and other financial contributions amounted to Rs 58,104.4 crore, marking a sharp rise from Rs 46,610.2 crore in the previous fiscal year. ALSO READUS SEC seeks
Amid a global supply glut, difficult weather and falling demand worldwide, which has hit a 27-year low (as per a World Spirits Alliance report), Indian wines continue to show signs of resilience and adaptability, with insiders anticipating the market to grow by as much as 10-15% in the next 3-5 years. At the forefront of
Manglam Group, Rajasthan’s leading real estate developer, is making a decisive move into the Rs 82,000-crore Indian hospitality industry with a Rs 1,000-crore investment plan over the next five years. This strategic expansion leverages the group’s expertise in real estate to develop premium hospitality assets, reshaping Rajasthan’s tourism landscape with a focus on luxury and
The domestic key equity indices settled the session on a positive note. The NSE Nifty 50 rose 112 points or 0.50% to settle at 22,509, while the BSE Sensex jumped 341 points or 0.46% to finish at 74,170. Nifty Pharma was the top gainer among the sectoral indices, rising 1.56% in Monday’s trade. It was
The domestic brokerage house Motilal Oswal has a Buy recommendation on these two stocks on March 17. Along with business fundamentals, the brokerage house has also analysed the valuations of the stock shares before deciding on the final recommendation. Here is a quick look at the two stocks in focus- Motilal Oswal on Kirloskar Oil
Go to Live UpdatesInfosys Share Price Today Live Updates, 17 Mar, 2025: The Infosys share is in news and the counter closed trade on 13 Mar, 2025 at Rs 1579.25. The shares touched intraday high of Rs 1606.6 in the last trading session while the intraday low was at Rs 1571.0. The company’s market capitalization
The answer to the ‘rent or buy’ question keeps changing as the Indian housing market evolves. Latest ANAROCK data finds that capital values in key micro markets of the top 7 cities have grown by a significant 128% between 2021-end and 2024-end, while rental values in many micro markets have appreciated less than the overall
