New-age companies eyeing a trip to Dalal Street this year are wary of the recent stock market slump. In a shift from the optimism at the beginning of the year, investors and bankers told us that the IPO outlook has…
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Tata and Bharti groups are finalizing a merger of their DTH businesses, Tata Play and Airtel Digital TV, due to consumer shifts to digital platforms. The merger, structured through a share swap, will boost Airtel’s revenues and is to be…
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The Adani Group is set to invest over ₹1.1 lakh crore in projects spanning pumped storage, cement, mining, smart-meters, and thermal energy, creating over 1,20,000 jobs in Madhya Pradesh by 2030. Additionally, the group is discussing a further ₹1 lakh…
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Starbucks is set to lay off 1,100 corporate employees as CEO Brian Niccol aims to streamline operations for more efficiency. The layoffs follow Nicol’s focus on improving service times and reestablishing stores as community hubs. The company’s baristas and roasting…
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Speaking at the National Workshop on Mobilizing Finance for Renewable Energy, organized by the Ministry of New and Renewable Energy (MNRE) in Mumbai, he stressed the need for accelerated financing and policy support to drive the country’s clean energy transition.
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The Department of Investment and Public Asset Management (DIPAM) is seeking bids from merchant bankers and legal firms to help the government reduce its stake in public sector banks and financial institutions. Five public sector banks and various financial institutions…
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