Post-elections in 2019, the government had lined up big plans to strategically divest its entire stake in the 5 top CPSEs like BPCL, Container Corporation, Shipping Corporation, THDC & NEEPCO. In the case of CONCOR government held a 54.79% stake in the company and had planned a strategic sale of a 30.5% stake. This divestment …
In an innovative move, CIL has decided to tap into the latent coal reserves of 23 closed and discontinued underground mines by awarding them to successful bidders from the private sector. This initiative follows a revenue-sharing model, where the cumulative peak rated capacity is 34.14 million tonnes per year (MT/Y), and the total extractable reserves …
Vedanta Limited, a subsidiary of Vedanta Resources Limited is the world’s foremost natural resources conglomerate, with strategic assets in India, South Africa, and Namibia. The company is the largest and most diversified natural resources company in Indian history. The company is also known for its highly productive operations, solid financial foundation, and strategic, forward-thinking investments. …
Life Insurance Corporation of India is the country’s largest insurance company that sells life insurance policies. Based on the latest news, it is said that amid stiff competition from private competitors, LIC is planning to sell some of its prime properties. LIC owns several expensive properties in many major cities of India. These include plots …
Prestige Estates, a major player in the Indian real estate sector, has announced plans to raise capital through Qualified Institutional Placement (QIP) and other financial instruments. The aim is to boost its hospitality business, a strategic move reflecting the company’s commitment to expanding its portfolio and enhancing value for shareholders. Fundraising Strategy The company’s board …
In a move poised to reshape the telecommunications landscape, global technology leader HCLTech and telecom BSS platform pioneer Tecnotree have announced a strategic partnership. This collaboration focuses on co-developing cutting-edge 5G-driven generative AI (GenAI) solutions specifically tailored for the global telecom industry. The partnership leverages the strengths of both companies. HCLTech brings its extensive experience …
On June 19, 2024, Jaguar Land Rover Limited (a wholly-owned subsidiary of Tata Motors Limited) and Chery Automobile Company Limited announced a new value-creating collaboration model for the next era of electrification in China. The new collaboration model fully leverages Chery’s strong position in China’s car market and JLR’s unique heritage and design skills. Hence, …
After much speculation of Airtel acquiring Vodafone’s stake in Indus Towers, the news finally came that Vodafone Group has announced its plan to sell its entire $2.3 Billion stake in the company. The sale is poised to happen through a stock market block deal next week as part of the British firm’s effort to repay …
On Wednesday, the NSE benchmark Nifty50 achieved a fresh all-time high. Similarly, Bank Nifty also surpassed its previous high, recording a new all-time high after a span of 11 trading sessions. Despite this positive momentum, profit booking became evident as the Nifty50 index slipped from its highs, and broader markets were seen trading in the …
On June 19, 2024, Bharti Airtel Limited announced a strategic move further to solidify its position in the Indian telecom sector. The company’s Board of Directors approved the acquisition of up to 27 million equity shares in Indus Towers Limited, a leading provider of telecom tower infrastructure sharing services. This translates to an actual acquisition …
