The veteran Anuj Jain and the Company (KNPL) have mutually decided that Mr. Jain will take early retirement from the services of the Company at the close of business on 31st March, 2025. He is being replaced with Mr. Pravin Chaudhari, another experienced veteran. Mr. Chaudhari has over 30 years of experience building B2C and … Read more
Goodyear India (GIL) has informed that the parent, The Goodyear Tire & Rubber Co., USA (GTR), is reviewing the farm tire business of the Company to evaluate all strategic, operational and financial opportunities related to that business. In July 2024, GTR sold it’s off-the-road business to Yokohama for $905 million It is now working with … Read more
MTNL in a regulatory filing has said that it has defaulted on bank loans worth Rs 8,346.24 cr from seven public sector banks. As can be noted, the disclosure related to the defaults occurring during August 2024 to February 2025. The information therefore seems to be already discounted in the stock price. For ease of … Read more
India and the United States have moved a step closer to a comprehensive trade deal after finalising the Terms of Reference (TOR) that will guide upcoming negotiations. The announcement was made in a joint statement after US Vice President JD Vance met Prime Minister Narendra Modi during his visit to India. Ambassador Jamieson Greer, the … Read more
In a somewhat surprise announcement, IDFC First bank (IDFB) has announced a significant fund raise. Rs 7,500 cr raise has been announced for 15% dilution. Rs 4,876 cr from Warburg Pincus for 9.8% Rs 2,624 cr from Abu Dhabi Investment Authority (ADIA) for 5.1% Instrument is Convertible Cumulative Preference Shares of face value of Rs … Read more
China has brushed aside concerns over the impact of US tariffs on its exports, even as tensions between Beijing and Washington continue to unsettle global markets. Chinese official Lyu said, “The sky won’t fall” for Chinese exports, adding, “These efforts have not only supported our partners’ development but also enhanced our own resilience.” Despite the … Read more
The United States and China are barreling towards a complete breakdown of bilateral ties as the tit-for-tat tariff war escalated on Friday. Beijing increased levies on American imports to 125 percent in response to Washington hiking taxes on Chinese imports to 145 per cent, virtually decimating the $600 billion annual trade between them. Beyond that, … Read more