Creador to acquire 19.6% in Hinduja Tech for $50 mn
Private equity firm Creador is set to acquire a 19.6% stake in mobility-focused global engineering R&D services company Hinduja Tech Ltd for $50 million. This investment places Hinduja Tech at…
‘Hindenburg report tried to shake our foundation but…’: Gautam Adani recalls rout prompted by US short seller
The report by US-based short seller Hindenburg Research was an effort to shake the foundation of the Adani Group but the conglomerate stood firm, its Chairman Gautam Adani said in…
Coal PSUs to install over 9 GW renewable power capacity by 2030
State-run coal mining companies aim to achieve an installed renewable energy capacity of over 9 GW by 2030, said an official statement on Tuesday. Coal India, its subsidiaries and other…
Priority for Byju’s is reduce cash burn, improve governance : ex-SBI chief Kumar
MUMBAI : Former State Bank of India chairman Rajnish Kumar, who is advisor to edtech firm Byju's, believes that the company's main priority is to reduce cash burn, settle the…
Siemens bets on India’s growth, move towards sustainability
The company will also have a sharp focus on expansion into new fields, either through organic or inorganic investments, said Sunil Mathur, the managing director of Siemens Ltd, the Indian-listed…
Elon Musk’s wealth plunges by $40 billion in 2024 as Tesla shares crash 30% YTD on poor sales
Elon Musk has lost the position of the world's richest person as the Tesla chief's net worth has tanked by almost $40 billion so far this year, according to Bloomberg…
Global tech firms likely to lead India’s local AI compute charge
NEW DELHI : New Delhi: Big Tech firms such as Google, Microsoft and Nvidia are expected to lead India's efforts to develop a centralized computing infrastructure, which the India AI…
IndiGo co-founder Rakesh Gangwal to sell 3.3% stake in InterGlobe Aviation
Mumbai: IndiGo co-founder Rakesh Gangwal plans to sell up to 12.75 million shares, or 3.3% of his stake in InterGlobe Aviation Ltd through a block deal, according to a term…
How McDonald’s ended up in a ‘fake cheese’ mess
The normalcy at the restaurant belied the crisis-fuelled tension palpable in the offices of Westlife Foodworld, less than a kilometre away. Westlife, through its subsidiary Hardcastle Restaurants Pvt. Ltd, operates…
BYD India makes renewed push for volumes in 2024, expands product line up
New Delhi: China's BYD, the world's largest EV maker in terms of sales, is looking to reignite its India aspirations by increasing its imports into the country and expand its…