The government is accelerating its plan to sell minority stakes in state-owned companies in the current financial year as it seeks to mobilise ₹80,000 crore through equity disinvestment and public asset monetisation, according to officials familiar with the development. As part of the broader fiscal strategy, the Centre is also aiming to bring down its…
Adani Group Chairman Gautam Adani has announced an ambitious expansion strategy for the conglomerate’s energy business, with Adani Power set to invest more than ₹2 trillion over the next five years. The company aims to increase its power generation capacity to 45 gigawatts (GW), reinforcing its position as one of India’s leading energy producers. Addressing…
Max Life Insurance Limited has successfully settled 20,529 death claims worth ₹1,641 crore. Through this, the company achieved its highest-ever individual death claim settlement ratio of 99.8% in the financial year 2025–26. This rate has been consistently increasing from 99.34% in the financial year 2021–22, and due to the trust placed in the company, the…
Indian entrepreneur and investor Kunal Shah has been appointed as a chief/head by the world’s most influential magazine, Forbes. Motor has already invested $900 million into the company of 41-year-old Kunal Shah, the founder of CRED, an Indian financial technology firm valued at $4.5 billion. Following this investment, Motor’s share in CRED has risen to…
Bharti Airtel has increased its stake in Airtel Africa to approximately 79%, following a major share-swap transaction valued at around ₹28,200 crore. The company disclosed the development in a regulatory filing on Tuesday, confirming that it acquired an additional 16.31% stake from Indian Continent Investment Limited (ICIL), a promoter group entity. With this transaction, Bharti…
IT services major Tech Mahindra has signed a 10-year lease for nearly 4 lakh square feet of office space in Hyderabad’s Kondapur area, marking a significant expansion of its commercial footprint in one of India’s key IT and Global Capability Centre (GCC) hubs. According to property registration documents reviewed by CRE Matrix, the company has…
Tata Capital has announced that its board has approved a proposal to raise up to ₹36,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, according to a regulatory filing. The fundraise will be undertaken in one or more tranches, subject to approval from shareholders. The proposed issuance may include a…
Adani Ports and Special Economic Zone (APSEZ) has announced an $850 million investment plan focused on technology upgrades, decarbonisation initiatives, and capacity expansion as part of its long-term 2030–2031 growth strategy. The initiative also includes up to $100 million allocated in two phases to accelerate automation and optimisation through its expanded partnership with US-based technology…
The Food Safety and Standards Authority of India (FSSAI) has intensified its scrutiny of food labelling and packaging practices, issuing notices to 15 food businesses for allegedly misleading consumers through brand names, trade names and product claims. The regulator, which functions under the Union Health Ministry, said several companies, including Plan B Plant Based Vegan,…
India’s pollution regulator has alleged that wastewater discharged from a Tata Electronics factory supplying components for Apple’s iPhones has contaminated groundwater in nearby agricultural areas in Hosur, Tamil Nadu, and has warned of a possible shutdown if the company fails to provide a satisfactory explanation. According to a notice reviewed by Reuters, the Tamil Nadu…
