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Tata Steel to invest $2.11 bn in Singapore unit to repay overseas debt, fund UK transition The steelmaker’s fourth-quarter profit missed Street estimates as its European units continued to bleed.Consolidated profit plunged 65% year-on-year in the March quarter, while revenue fell 7%

RBI pulls up Edelweiss Group entities over evergreening of stressed loans The regulator said supervisory examinations had revealed that ECL Finance and Edelweiss Asset Reconstruction Co. had engaged in a series of structured transactions aimed at evergreening the stressed exposures of ECL

Alkem posts a three-fold increase in Q4 net profit to ₹293.56 crore Alkem recorded international sales of ₹909.6 crore, reflecting a 6.1% YoY growth driven by a 5.5% increase in the US market and a 7.6% rise in other international markets.

India’s second-largest e-bus maker finds itself entangled in FAME allegations over likely use of Chinese parts Two government-accredited vehicle testing agencies differ on whether or not PMI Electro Mobility used Chinese components in its e-buses, and wrongfully claimed subsidies under India’s...

Zerodha's Nikhil Kamath moots ‘device-free Sundays’ to tackle short attention span, says ‘let us take some control back’ Reflecting on the distractions caused by advertising and social media, Zerodha co-founder Nikhil Kamath emphasised that time is the ultimate commodity.

SpiceJet faces yet another insolvency case from engine lessor Engine Lease Finance BV told the NCLT it hasn't been paid rental dues totalling more than $16.72 million, including interest, for eight leased engines. Similar cases from at least five other lessors are pending with the tribunal.

Universal VulKaan Aviation eyes Indian market for chopper sales Universal VulKaan Aviation aims to sell over 30 helicopters in India within the next three years, targeting both new and pre-owned markets.

Amazon to buy MX Player from Times Internet Last time, Times Internet had asked for over $100 million for MX Player, while Amazon’s internal team valued it at around ₹500 crore

Ingersoll-Rand India Q4 Results Live : profit falls by 4.83% YOY Ingersoll-Rand India Q4 Results Live : Revenue decreased by 0.25% YoY & profit decreased by 4.83% YoY

Indian Railway Catering & Tourism Corporation Q4 Results Live : profit rise by 1.93% YOY Indian Railway Catering & Tourism Corporation Q4 Results Live : Revenue increased by 19.66% YoY & profit increased by 1.93% YoY

Aditya Birla Fashion & Retail Q4 Results Live : loss rise by 22.8% YOY Aditya Birla Fashion & Retail Q4 Results Live : Revenue increased by 18.3% YoY & loss increased by 22.8% YoY

IndiGo introduces female-friendly seat selection during web check-in; announces special flight sale starting at ₹1,199 IndiGo has launched a new feature that allows female passengers to view seats pre-booked by other female passengers during web check-in. This feature aims to enhance travel...

Tax troubles: The roadblock in India’s beer market boom Retail licensing rules and fees in India also do not differentiate between low-alcohol products like beer and high-alcohol content products, thereby hurting sales

SP group firm Goswami's high-yield debt sees ratings cut Cerberus Capital, Varde Partners, Canyon Capital, Davidson Kempner, as well as existing lenders Deutsche Bank, Edelweiss Special Opportunities Fund and Ares SSG had subscribed to Goswami Infratech's ₹14,300 crore NCD issue last year

Stock options are making a comeback. Here's why The period January-May 2024 has seen 340.5 million shares being allotted through ESOPs by 461 listed companies, according to an analysis by Mint of data from Capitaline database

Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms The firm's third Future Leaders Fund has a green-shoe option to raise up to ₹1,500 crore more.Avendus's new fund, which will focus on large-cap deals, is expected to strike 10-12 investments with an average ticket...

Q4 Results Today: Tata Steel, Alkem Laboratories, Emami, Heritage Foods among 566 companies to post earnings on May 29 On May 29, 566 companies will report their fourth-quarter earnings for the fiscal period ending March 31, 2024. Notable companies among them are Tata Steel, Reliance...

Elon Musk's Starlink restores services, ‘back up and running’ after hour-long outage, says company Elon Musk's satellite internet provider, Starlink, was reported to have been down for an hour this morning, affecting 41,393 users.

‘You must start an SIP…’ Radhika Gupta's advice on investing in mutual funds to Shark Tank India staff backstage Radhika Gupta, CEO of Edelweiss Asset Management, urged Shark Tank India staff to start investing in mutual funds and SIPs.

Neuralink brain implant: Elon Musk's company looking for three patients for long term study. All you need to know Neuralink plans to enroll three patients in a study evaluating its brain-chip device. The device aims to help paralysed individuals control digital devices through thoughts alone...