Firms/companies
M&M joins trillion-rupee club as market cap soars to Rs1.01 trillion
17 Apr 2018
Car and tractor maker Mahindra and Mahindra Ltd has joined the elite club of companies with a market capitalisation of Rs1 trillion, as its shares hit an all-time high of Rs819 on the BSE on Tuesday
Jaypee promoters move SC as bids halve valuation
16 Apr 2018
Lakshadweep Pvt Ltd, a joint venture of Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Reality, is reported have bid Rs7,350 crore for Jaipee’s assets against its market valuation of around Rs16,000 crore
JSW Steel offers to invest in Numetal arm for Essar Steel stake
16 Apr 2018
The announcement comes ahead of a possible order by the Ahmedabad bench of the National Company Law Tribunal on the eligibility of ArcelorMittal and Numetal to bid for debt-laden Essar Steel
IHH out of race for Fortis as board refuses to weigh offer
16 Apr 2018
Malaysia’s IHH Healthcare Bhd said today India’s Fortis Healthcare Ltd has declined to engage with the company regarding a takeover offer, which indicates that the Manipal Health Enterprises-TPG Capital combine is virtually certain to win Fortis
UltraTech raises offer for Binani Cement to Rs7,990 cr
16 Apr 2018
Since lenders cannot accept the revised offer of Rs7,990 crore, although it is Rs1,290 crore more than Dalmia Bharat’s approved bid, operational creditors of Binani Cement are now seeking a forensic audit of the resolution process and a change of resolution professionals
Mahindra to launch hyper electric car brand `Pininfarina’ in 2020
14 Apr 2018
Automobili Pininfarina plans to launch its first model, a 'Pininfarina' badged electric hypercar that would offer extreme performance, in 2020
Infosys to acquire Wongdoody
14 Apr 2018
Infosys to sell subsidiaries Panaya and Skava
14 Apr 2018
Infosys fourth quarter net up 2.4% at Rs3,690 crore
14 Apr 2018
For the full financial year, Infosys reported an 11.7-per cent increase in net profit at Rs16,029 crore on revenues of Rs70,522 crore while projecting a revenue growth of 6-8 per cent in constant currency terms and 7-9 per cent in dollar terms
Hero’s Munjals and Dabur’s Burmans propose joint investment in Fortis
13 Apr 2018
Fortis Healthcare has received an unsolicited binding offer jointly from Sunil Munjal’s Hero Enterprise and the Burmans of Dabur to invest Rs1,250 crore directly in the company through a preferential allotment
Boeing teams up with HAL, Mahindra for F/A-18 Super Hornet production
13 Apr 2018
Boeing on Thursday announced a partnership with India’s state-run Hindustan Aeronautics and Mahindra Defence Systems for local production of F/A-18 Super Hornet
Harish Manwani to retire, Sanjiv Mehta to take over as CMD
13 Apr 2018
Hindustan Unilever has announced the retirement of Harish Manwani as non-executive chairman of the company and the elevation of Sanjiv Mehta, as chairman and manging director
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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