Home Industry

Industry

KKR to buy 54% stake in cancer care chain HCG for $400 million

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

‘We expect prices to rise by 8-12% in our projects’

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

Delhivery expands road trains for auto, FMCG

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

LTIMindtree needs to go off the beaten track

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

Marico expects double-digit revenue growth in FY25 on price hike, better volume

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 high on India, ramps up investments as business grows

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

Adani Group’s tax payments surge 25% to Rs 58,104 crore in FY 2023-24

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

Indian wines stay robust amid global concerns

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
Stay Connected
0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -
Latest Articles

Buying vs Renting: Capital appreciation outpaces rental gains in major markets

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

Top 5 SBI mutual funds with up to 30% annualised returns in 3 years

Mutual fund investors have seen massive erosion in their portfolio valuations over the last 6 months amid one of the longest corrections in the Indian equity market. So amidst all this, if you are thinking of investing, it is very important to focus on mid- to long-term returns also while choosing a fund because short-term

Warren Buffett’s Berkshire Hathaway raises stakes in five Japanese trading houses to near 10%

Warren Buffett’s Berkshire Hathaway raised its holdings in five Japanese trading houses, regulatory filings showed on Monday, in the U.S. conglomerate’s latest investments in Japan’s top commodity firms that began nearly five years ago. Berkshire’s stake in Mitsui & Co rose to 9.82% from 8.09%, while its holdings in Mitsubishi Corp, Sumitomo Corp, Itochu and

SpiceJet founder Ajay Singh to infuse Rs 294 crore into airline through promoter group entity

SpiceJet on Monday (March 17) announced that its founder, Ajay Singh, will inject Rs 294 crore into the airline through a promoter group entity by converting warrants into equity shares. This move will increase the promoter group’s stake in the airline from 29.11 per cent to 33.47 per cent. Singh, who also serves as the

Swiggy Instamart expands to 100 cities across India, adds 32 new markets in 2025

Foodtech major Swiggy on Monday announced that its quick commerce platform Swiggy Instamart has expanded to 100 cities nationwide. In a regulatory filing, the company said that the expansion comes in the backdrop of the growing demand for 10- minute deliveries, particularly in tier 2 and 3 cities. During the previous month, Swiggy Instamart launched