Global investment firm KKR has announced a $600 million financing deal with Manipal Group, marking its largest credit investment in India. The funding will support Manipal Group’s growth objectives across its healthcare, education, and insurance sectors. Strategic Investment & Expansion Plans The financing, arranged by KKR Capital Markets, will provide structured capital to help Manipal…
Vietnam-based electric vehicle manufacturer VinFast has hit a regulatory hurdle as its $2 billion (₹16,000 crore) investment in Tamil Nadu does not qualify for benefits under India’s newly announced Scheme to Promote Manufacturing of Electric Passenger Cars. Why VinFast’s Investment Is Ineligible Government officials clarified that the scheme mandates investments must be capitalized after approval,…
Ahmedabad-based Torrent Power Ltd. (TPL) has signed a long-term sales and purchase agreement (SPA) with BP Singapore Pte Ltd, securing the supply of up to 0.41 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from 2027 to 2036. Strategic Move for Energy Security The LNG procured under this agreement will be strategically utilized…
Investors looking to benefit from Coforge Ltd.’s 1:5 stock split must purchase shares by June 3, 2025, as the stock will begin trading on an ex-split basis from June 4, 2025. Stock Split Details & Eligibility Coforge has announced its first-ever stock split, where each existing equity share with a face value of ₹10 will…
Leading highway developer IRB Infrastructure Developers Ltd. has set an ambitious target to expand its asset base to Rs 1.4 lakh crore over the next three years, leveraging its BEST strategy and recent asset transfers. Strategic Growth Plan IRB is implementing its BEST policy, which involves: The company recently transferred three build–operate–transfer (BOT) highway assets…
Leading commercial vehicle manufacturer Ashok Leyland has recorded a 5% year-on-year increase in total vehicle sales, reaching 15,484 units in May 2025, compared to 14,682 units in the same month last year. Segment-Wise Performance Domestic & Export Market Trends Market Outlook & Future Plans Ashok Leyland continues to strengthen its position in the commercial vehicle…
State-owned Coal India Ltd (CIL) has reported a 1.3% year-on-year decline in coal production for May 2025, with output totaling 63.5 million tonnes (MT), compared to 64.4 MT in the same month last year. Production & Offtake Trends Despite the slight dip in production, coal offtake remained steady at 64.0 MT, marking a modest increase…
Global cosmetics giant L’Oréal has announced ambitious expansion plans for India, aiming to more than double its business in the country within the next couple of years. India: A Strategic Market for L’Oréal L’Oréal CEO Nicolas Hieronimus emphasized India’s importance as a key strategic market, citing its rapidly growing beauty industry and strong consumer demand….
US-based investment firm GQG Partners has increased its stake in ITC Ltd to 5.47% through a bulk deal, following British American Tobacco’s (BAT) partial exit from the company. Strategic Investment & Market Impact GQG acquired an additional 0.51% stake in ITC, raising its total holding from 4.96% to 5.47%. The transaction was executed on May…
Workspace solutions provider Awfis Space Solutions Ltd. has projected a 30% revenue growth for the financial year FY26, driven by rapid expansion and increasing demand for flexible office spaces. Growth Strategy & Market Expansion Awfis sold 53,000 seats in FY25, up from 37,000 in FY24, and aims to add another 40,000 seats this year, bringing…
