Digital network infrastructure solutions provider Lightstorm has raised Rs 700 crore from infrastructure debt fund NIIF Infrastructure Finance (NIIF IFL). The proceeds from the fundraise will go towards strengthening the company’s connectivity offerings to enterprises and scaling up of its operations, including investing in building its fibre network in the country. “We are thrilled to
Dixon Technologies, India’s largest listed electronics manufacturing services company, recently announced plans to set up a display fabrication (fab) unit with an outlay of $3 billion. Dixon MD Atul Lall speaks to Narayanan V about the project’s progress and how a ‘one-size-fits-all’ approach cannot work for all components. Excerpts: What is the latest update on
Lightspeed Venture Partners and Zomato-backed hyperlocal retail platform Magicpin has ruled out operating dark kitchens for its quick delivery business, positioning itself as a restaurant-friendly alternative amid rising tensions between food aggregators and the restaurant industry. “We will never open a dark kitchen. We are very transparently working with restaurants to grow their business,” said
State-owned Hindustan Petroleum Corp has charted out plans to invest Rs 90,000 crore till 2030 with a significant portion of the funds to be allocated for building a green energy portfolio, the company’s chairman and managing director Rajneesh Narang tells Arunima Bharadwaj in an interview. The company is also exploring opportunities for oil and gas
The National Financial Reporting Authority (NFRA) has found “significant deficiencies” in the audit work of two PwC network firms — Price Waterhouse Chartered Accountants LLP and Price Waterhouse & Co Chartered Accountants LLP. The regulator said in an inspection report that the two firms didn’t do sufficient documentation for clients where they were statutory auditors.
LG Electronics India, the Indian arm of South Korean major LG Electronics, has started conducting roadshows to meet potential investors for its initial public offering (IPO), according to two sources. “As the company is planning to launch the IPO this year itself, it wants to chalk out details soon,” one of the sources said. ALSO
Reliance Industries (RIL) has retained its position as India’s most valuable company for the fourth consecutive year, as per the latest report released by Axis Bank’s private banking unit Burgundy Private and Hurun India. The Mukesh Ambani-led company was followed by Tata Consultancy Services and HDFC Bank. The 2024 Burgundy Private and Hurun India 500
Reliance New Energy Battery (RNEB), a subsidiary of Reliance Industries (RIL), has signed an agreement with the ministry of heavy industries on February 17 to secure 10 GWh capacity under the production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) manufacturing. RIL bagged the ₹3,620 crore order in September 2024. With this latest signing
The Central Board of Direct Taxes (CBDT) has clarified that the principal purpose test (PPT) provisions, designed to prevent tax treaty abuse, will apply prospectively only to the double taxation avoidance agreements (DTAAs) that include a PPT clause. It also stated that the PPT will not affect any other treaty provisions that may deny its
Indian markets are gearing up for a positive start today, with early cues from Gift Nifty pointing toward an upbeat session. This optimism follows a strong close on March 19, where the Nifty comfortably crossed the 22,900 mark, ending 0.32% higher at 22,907.60, while the Sensex gained 0.20% to settle at 75,449.05. Key global and
The markets are poised at an interesting juncture. After the recent lows, one can see some buying emerging in select pockets based on stock value and the fundamentals. Nilesh Shah, managing director at Kotak Mahindra Asset Management Company says markets are at ‘fair value’. If you are keen to understand how you need to trade
Keeping track of every market move can be overwhelming, with companies announcing mergers, expansions, price hikes, and policy shifts almost daily. But we have got you covered. Here is a snapshot of the key stocks that will be in focus for today’s trading session. Market recap Indian stock markets ended on a positive note on
US stocks bounced on Wednesday after the US Federal Reserve left its key interest rate unchanged but hinted it would reduce borrowing costs by half a percentage point by the end of the year. Gold flipped positive, touching a record high, and US Treasury yields pared gains after the central bank lowered its economic outlook
