Global investor Brookfield Asset Management, on Wednesday said it has sold 1.6 GW portfolio of solar and wind assets in the country to Gentari Renewables India, structured in two phases. Though the investor did not disclose the size of the deal, sources pegged the deal around $900 million. The first phase, comprising the sale of 1
Joint Civil Judge S S Shinde of the Pune Civil Court on Wednesday asked the court to issue notices to Baba Kalyani and Gaurishankar Kalyani regarding a partition suit filed by their sister, Sugandha Hiremath. The court was hearing a partition suit filed by Hiremath, seeking a one-third share of the Kalyani HUF (Hindu Undivided
In the largest deal in mall space, global investor Blackstone Group is set to acquire South City Mall in Kolkata for Rs 3,480 crore ($400 million), said people familiar with the matter. Apart from the mall, the deal also includes the purchase of a school property in Sri Lanka, the people said. “Both the mall
Shraeyansh Thakur, an investor at Peak XV Partners (formerly Sequoia Capital India and SEA), is leaving the venture capital fund after nearly a decade to pursue a new entrepreneurial journey, he said in a LinkedIn post on Wednesday. Thakur is on the board of Apna Mart, Cars 24, and digital visa platform Atlys, while he
Oyo is expected to report a profit after tax (PAT) of Rs 1,100 crore in 2025-26, according to the company’s founder Ritesh Agarwal. If true, this will be significantly higher than Rs 229.6 crore reported in 2023-24. Agarwal shared the profit projections with the company’s management recently, according to people familiar with the matter.Between April
A management and strategy consultant has sparked a social media debate by claiming her client’s valuations soared a whopping 50% after she convinced them to shift base to Bengaluru. Founder of Anthropia, Piyu Dutta posted on her X handle, “Convinced a client to move their head office to Bangalore. Kolkata address was discounting the valuation by
The falling market has created some pockets of comfort in the large-cap space and also among small- and mid-cap stocks, despite them trading above their long-term averages, says Nimesh Chandan, chief investment officer at Bajaj Finserv AMC. He tells Ananya Grover that investors should exercise caution while investing in initial public offerings (IPOs). Excerpts: Nifty
Suzlon on Tuesday said it has got a third order of 204.75 MW from Jindal Green Wind 1, a subsidiary of Jindal Renewables. This partnership is also now Suzlon’s largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW. Earlier, Suzlon secured two orders to power Jindal Steel’s plants in Chhattisgarh and
U.S. stocks advanced on Wednesday as cooler-than-expected inflation data helped stanch a sharp selloff, while the escalation of U.S. President Donald Trump’s chaotic, multi-front tariff war kept gains in check. The S&P 500 and the Nasdaq closed in positive territory, the latter enjoying a muscular boost from tech and tech-adjacent momentum stocks. The blue-chip Dow
The markets regulator recently said it plans to release a consultation paper on a new product that combines mutual fund schemes with term insurance. Given the underwriting concerns & implementation challenges, fund houses may not be too enthused, explains Ananya Grover Are there any bundled products in the market? There are already similar bundled products
The traditional exploration approach in oil and gas sector is expensive, risky, and prone to mistakes, as it heavily relies on human fieldwork. Even drilling dry holes hit oil and gas companies where it hurts – their wallets. The investment poured into geological assessment, drilling and testing goes up in smoke when the well doesn’t
Enterprise AI is driving business transformation, with over 50% of AI use cases delivering impact, according to Infosys. Success is highest in professional services and tech, while financial services face regulatory hurdles. Satish H C, EVP, chief delivery officer, Infosys, tells Padmini Dhruvaraj, that the company is investing in small language models, Agentic AI, and
Global private equity giant Blackstone will double its exposure in India over the next few years to $100 billion, co-founder, chairman and CEO Stephen A Schwarzman said on Wednesday. “India has been a great market for us, giving us best returns globally. We are not rigid about the (allocated) investments in India,” Schwarzman said during
