Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
IndusInd Bank Ltd. is preparing a sweeping overhaul to boost profitability and cleaning up underperformance, as its new chief executive officer seeks to boost return on assets following a governance shakeup. The impact of the IndusInd scandal has dragged on its profitability, leaving the lender’s return metrics well below peers. (Bloomberg) The restructuring—expected within days—will […]
More Retail Pvt. Ltd., the food and grocery chain jointly owned by Amazon.com Inc. and Samara Capital Partners, has picked advisers for an impending initial public offering that could raise about $300 million, according to people familiar with the matter. More Retail was acquired in 2019 by Witzig Advisory Services Pvt., a joint venture of […]
Billionaire Gautam Adani plans to build a multi-billion dollar battery energy storage system in Gujarat to support his group’s renewable energy ambitions, according to people familiar with the matter. Adani Group Chairman Gautam Adani. (Bloomberg) The proposed installation, planned for completion by March 2026, would be India’s top battery storage facility and among the largest […]
Japan’s top carmakers—Toyota Motor Corp., Honda Motor Co. Ltd., and Suzuki Motor Corp.—have lined up billions of dollars of investments to Make in India, in what is seen as a pivot away from China. Suzuki’s $8 billion investment in India is to mainly expand its local capacity to 40 lakh cars a year, from some […]
Brookfield India Real Estate Trust (BIRET) has said it is planning to acquire 7.7 million sq ft of commercial assets in Bengaluru for ₹13,125 crore to expand business. Brookfield India Real Estate Trust (BIRET) has said it is planning to acquire 7.7 million sq ft of commercial assets in Bengaluru for ₹13,125 crore to expand […]
Larsen & Toubro Ltd. (L&T) is weighing the Tata playbook to explore an entry into electronics manufacturing in India, as the country’s largest engineering firm eyes diversification — from mega projects to small components. Larsen & Toubro Chairman S.N. Subrahmanyan. L&T is likely to focus on making components for devices and not the device itself—at […]
Seema and Rajiv Mathur, a Dual-income, no-kids (DINK) couple in New Delhi, are both working professionals. Despite their high dual income, they prefer to rent rather than buy property. They value mobility and freedom. They also invest their savings in mutual funds and Systematic Investment Plans (SIPs). They simply avoid the big financial and emotional […]
Mumbai-based Arkade Developers is set to launch a luxury residential project featuring 3- and 4-BHK apartments on the iconic Filmistan Studio land in Goregaon, Mumbai, a site founded by Bollywood actor Kajol’s grandfather. The project, expected to debut in the next financial year, has an estimated development potential of ₹3,000 crore. Overall, the company plans […]
India is planning to raise the FDI limit in public sector banks to up to 49% amid a flurry of M&A deals in the private corner of India’s financial services industry, Reuters reported on Monday citing sources. The finance ministry has been for the past couple of months discussing with the RBI the matter of […]
