Himanshu Mody, CFO, Suzlon Group, says Suzlon alone has a Make in India turbine, based on the principles of Atmanirbhar Bharat. The technology is their USP. It is the only turbine that is tailor-made or customised for India’s weather conditions, whereas most of the competition – whether from the west or the east – do … Read more
Tata Motors is planning to hive off its vehicle financing subsidiaries under Tata Motors Finance Ltd by way of a merger with Tata Capital, to streamline its operations and deleverage its balance sheet, said people in the know. The process will involve a share-swap agreement. Group holding company Tata Sons will offer shares of Tata … Read more
D B Realty on Thursday said it has raised Rs 920 crore by selling shares to institutional investors, including Morgan Stanley Asia, to fund its real estate projects and strengthen balance sheet. The company launched its Qualified Institutional Placement (QIP) issue on March 7 and the issue was closed on March 13. In a regulatory … Read more
MUMBAI: Tata Sons, the holding company of the $150-billion Tata Group, which needs to list by Sept 2025, is exploring the option of restructuring its balance sheet to get an exemption from an RBI rule-mandated IPO. RBI rules state that if a ‘core investment company‘ doesn’t own more than Rs 100 crore in assets and … Read more
Mumbai: Recent penalties by the banking watchdog on financial intermediaries are an early warning on what’s in store for rule violators in the new regulatory era as central bank governor Shaktikanta Das ‘future-proofs’ an increasingly digital financial ecosystem to deliver durably robust economic growth in India’s fast-paced journey toward becoming a developed nation. The Reserve … Read more
ET Intelligence Group: Intense competition is expected to make it difficult for InterGlobe Aviation, the owner of IndiGo, to gain market share in the medium term. The country’s largest airline was the biggest beneficiary of Go First’s bankruptcy last May. Between April and September 2023, the market share of IndiGo increased to 63.4% from 57.5%. … Read more