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EXCLUSIVE | CarDekho CEO Amit Jain's investment strategy in Shark Tank India: ‘Pehle Banda, Phir Dhandha’ Amit Jain, CEO of CarDekho and judge on Shark Tank India Season 3, aims to nurture young talent and innovators while catalysing the development of a new Bharat 2.0 through the show. Check...

France’s Thales to upgrade Air India’s inflight entertainment system To begin with, Thales will upgrade and retrofit onboard entertainment systems on Air India’s fleet of 40 Boeing B777 and B787 aircraft

Whirlpool likely to sell 24% stake in its Indian unit via block deal Whirlpool of India's foreign promoter likely to offload 24% stake via block deal, according to media reports.

SC orders SpiceJet to clear Credit Suisse dues by 15 March The court questioned SpiceJet chairman Ajay Singh’s capacity to finance the acquisition of Go First while neglecting his airline’s overdue payments

KVS Manian new joint managing director in Kotak Mahindra Bank reshuffle On 1 January, former Barclays veteran Ashok Vaswani took over as the new chief executive of Kotak Mahindra Bank, replacing founder and billionaire banker Uday Kotak

Beating GDP growth no longer enough for Indian firms: McKinsey The study covered 837 listed companies, which posted revenues of more than ₹750 crore in FY22.

A billion-dollar coal deal in JSW Steel's sights The companies are yet to decide on the final valuation. If the parties reach an agreement, a deal is likely by the end of March.

'No more extensions, SpiceJet must pay Credit Suisse' Supreme Court orders SpiceJet to pay $1.25 million to Credit Suisse by 15 March. Chairman Ajay Singh summoned post payment. Court raises concerns over financing Go First bid amid overdue payments, warns against delays.

Kerala serious fraud probe has 'broad scope' The investigation into the affairs of two private firms and a state public sector enterprise is likely to get bigger

India's oldest DFI is sick. A new prescription is on way IFCI is likely to be merged with its subsidiary Stock Holding Corp, but any such move would be pursued by the new government after the general election

John Cockerill eyes India as export hub The firm plans to make its proposed 2-GW JV facility with Greenko a major electrolyzer exports hub

SoftBank stock rises on CEO Masayoshi Son’s plan for $100 billion AI chip project Shares in the Tokyo-based tech investor SoftBank gained as much as 3.2% reports that 66-year-old billionaire CEO Masayoshi Son is seeking funding for a foray into AI chips to compete with Nvidia Corp.

Adani Group in talks with West Asian sovereign funds to raise $2.6 billion for airport, green hydrogen business Adani Group in talks with West Asian sovereign funds for $2.6B funding for airport and green hydrogen projects, aims for ₹80,000 crore EBITDA by 2024.

Mitsubishi to acquire 30% of TVS Mobility to venture into Indian car sales market Leveraging TVS Mobility's existing network of around 150 outlets, the venture is poised to become one of the largest independent car dealerships in India.

HSBC Navigates Choppy Waters: Booming 2023 amidst emerging challenges; Economic, political challenges loom in China HSBC, basking in the afterglow of a likely strong 2023 driven by rising interest rates, faces uncertain waters in the upcoming year. CEO Noel Quinn acknowledges the potential for...

IREDA, PNB collaborate to enhance financing for renewable energy projects in India In a significant move to accelerate renewable energy development, IREDA (Indian Renewable Energy Development Agency) and PNB (Punjab National Bank) have signed a Memorandum of Understanding (MoU). This strategic...

NIIF invests ₹207 crore in Amicus Capital The investment is from NIIF Fund of Funds – I, the first fund under NIIF’s Private Markets business

Telangana tech startups funding declines 78% to $99 million in 2023: Report Funding for Telangana tech startups fell by 78% to $99.2 million in 2023. EdTech received $33 million, and Aerospace, Maritime & Defense Tech got $35.8 million

Hindalco on track to meet clean energy targets two years ahead Hindalco Industries, through the successful completion of phase one of the pumped hydro project, plans to achieve 30% of its energy mix from renewable sources by 2030. The company plans to become net neutral on carbon by 2050.

Mint Explainer: How mediation can speed up insolvency dispute resolution Mediation as a dispute resolution mechanism makes sense given that over 60% of the applications for initiating CIRP are settled before NCLT admits the plea.