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IFCI turns a corner with advisory biz; posts first profit in 7 years

New Delhi, May 1 -- Government-owned non-bank IFCI Ltd has finally turned the corner in the 2023-24 financial year, reporting a profit after seven consecutive years of losses following its expansion i... Read More


Godrej family to split 127-year-old business empire

New Delhi, May 1 -- The storied Godrej group that took birth as a lock-maker 127 years ago is finally dividing its assets, as its descendants choose to split the businesses to align with their differi... Read More


Triveni Engineering may have to exit or pay more for Sir Shadi Lal Enterprises: InGovern

MUMBAI, April 30 -- Triveni Engineering & Industries Ltd (TEIL) may have to pay up more for acquiring a controlling stake in Sir Shadi Lal Enterprises (SSLE) than its current open offer, or exit its i... Read More


Input costs, election, Chinese imports to weigh on steel

new delhi, April 30 -- Major steelmakers are likely to take a hit in the March quarter due to a slowdown in domestic demand ahead of elections, and falling steel prices on account of aggressive compet... Read More


Input costs, election, Chinese imports to weigh on steelmakers' Q4 margins

New Delhi, April 29 -- Major steelmakers are likely to take a hit in the March quarter due to a slowdown in domestic demand ahead of elections, and falling steel prices on account of aggressive compet... Read More


Tata Steel, UK unions reach deal; stage set for electric furnace at Port Talbot

Mumbai, April 25 -- Tata Steel Ltd on Thursday said it has reached a formal agreement with trade unions in the UK, paving way for a £1.25 billion electric arc furnace project at its Port Talbot p... Read More


NCLT disposes of bankruptcy case against Reliance Infra's Mumbai Metro One

Mumbai, April 15 -- The Mumbai bench of the National Company Law Tribunal (NCLT) has disposed of corporate insolvency proceedings against Mumbai Metro One Pvt. Ltd, a unit of Reliance Infrastructure, ... Read More


Quantum MF cries foul on ICICI Securities delisting, complains to Sebi

Mumbai, April 13 -- In a rare instance of investor activism by an asset management company, Quantum Mutual Fund has written to the markets regulator objecting to the delisting of ICICI Securities Ltd ... Read More


New tech could boost Hindustan Zinc's metal recovery rate to 98.5%: CEO

Mumbai, April 12 -- Hindustan Zinc is set to implement a new technology in partnership with Bhopal-based VEXL Environ Projects Pvt Ltd to increase its metal recovery rate and generate zero waste in it... Read More


L&T's defence arm to diversify into civil projects to optimise asset utilisation

New Delhi, April 7 -- L&T Defence, the defence equipment division of engineering conglomerate Larsen and Toubro, will diversify into making non-military equipment and infrastructure to better utilise ... Read More