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JSW taps KKR to drive in MG Motors JV with $400 mn investment
A combination of primary infusion and secondary share sale is planned as valuation doubles to $3 billion in 3 years. Sajjan Jindal led group is set to emerge as the single largest shareholder in the country's 3rd largest EV passenger car maker.
APSEZ to sell 49% in Vizhinjam port to MSC Group arm
Adani Ports is selling a 49% stake in its Vizhinjam port project to MSC Group's port arm, TiL, for $1.397 billion. This deal values the Kerala port at a significant $2.85 billion, marking the largest foreign private investment in Indian port infrastructure. The agreement, signed Monday, strengthens the existing partnership between Adani and MSC, pending regulatory approvals.
OMCs eye expanding LPG buffer to 30 days from national average of 18
India is boosting its LPG reserves to a 30-day supply, a strategic move prompted by the Iran war highlighting supply route vulnerabilities. Bharat Petroleum plans a significant investment to nearly double its storage capacity. This initiative aims to enhance energy security by diversifying import sources and exploring various storage solutions, including onshore, underground, and floating options.
PepsiCo India Inaugurates Rs 1,266 Crore Manufacturing Facility In Ujjain
e Ujjain plant is part of PepsiCo's investment commitment of Rs 5,700 crore in India through 2030.
CCI Clears Aditya Birla-Led Consortium's Rs 16,660 Crore Buyout Of IPL Team RCB
In November last year, USL said it would conduct a strategic review of its investment in RCSPL, the entity that owns the IPL T20 team Royal Challengers Bengaluru.
PepsiCo commissions second India flavour plant in Ujjain with Rs 1,266-crore investment
PepsiCo India has launched a massive Rs 1,266-crore flavour manufacturing plant in Ujjain, Madhya Pradesh. This significant investment, part of a larger Rs 5,700-crore commitment, aims to boost industrial growth and create jobs across central India. The facility, PepsiCo's second flavour plant in the country, will produce beverage concentrates, reinforcing the company's dedication to the Indian market and its 'Partnership of Progress' with the nation.
Coal India plans R&D investment of Rs 1900 cr by FY2030
Coal India (CIL) has intensified its Research & Development (R&D) initiatives and plans to invest a total of around Rs.1,900 crore by FY 2030 on R&D activities.
Mint Explainer | Can Zerodha crack India’s investment banking business?
A merchant banking licence would allow Zerodha to advise companies on fundraising, IPO and other capital market transactions, opening a new revenue stream beyond broking. Can it carve out a niche in a business dominated by established investment banks?
Tata Comm to invest $152 million to boost India-Singapore digital corridor
Tata Communications is injecting $152 million into its subsea cable network, boosting India-Singapore connectivity by nearly 98 Tbps. This significant investment, funded internally, aims to fuel the growing demand for bandwidth and AI-driven data. The upgrades will enhance reliability and scalability for businesses, solidifying India's role as a digital hub.
The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chips
DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid persistent inflation and geopolitical risks.
MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital
Axis Capital expects Vizhinjam port to become a major earnings driver for Adani Ports & SEZ, estimating it could generate around Rs 1,410 crore in EBITDA after the Phase 2 expansion. The brokerage believes MSC's $1.4 billion investment strengthens volume visibility while reinforcing the port's long-term strategic and valuation potential.
Japan's JFE Steel completes ₹15,750 crore investment in JSW Steel JV
Japan's JFE Steel has completed its ₹15,750 crore investment in JSW JFE Kalinga, acquiring a 50% stake through the second tranche of the transaction and formalising joint ownership of the steel venture.