Dev Chatterjee

Adani's Mundra port cargo adds Rs 80,732 crore to Customs' coffers

As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year

Hinduja lone bidder for RCap in second auction, offers Rs 9,650 cr

Upfront payment proposed; Torrent, Oaktree skip

Tata insurance arm, others to provide $10-billion cover to Air India

The airline will be paying a premium of $30 million (Rs 246 crore) for the financial year beginning April 1 - same as the previous financial year

Temasek buys majority stake in Manipal Health in largest wellness deal

Takes stake from promoters, TPG, NIIF at Rs 40,000 crore enterprise value

Vedanta arm Zinc International in talks with global banks for $1.25 billion

Zinc International loan would require guarantee from Anil Agarwal-promoted group's India-listed firm

SP Group firm to raise $1 billion to repay debt, fund India operations

Armada 98/2 Pte had raised Rs 6,600 cr from Indian banks to fund its operations off the coast of Andhra Pradesh to ONGC

Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges

Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday

Hikal ownership dispute: Kalyani family spar over 1993 agreement

Baba Kalyani's sister Sugandha, husband move court against the Bharat Forge promoter for full ownership of chemical company Hikal; Kalyani points to intervening agreements and statute of limitations

RCap auction postponed to April 11 even as Torrent pursues litigation

Lenders fix Rs 9,000 cr as floor price; Torrent may participate, but it will be subject to SC decision on its petition, which will be heard in August

Volatility in Vedanta Resources bonds rises as group plans to reduce debt

Bankers said the group's bonds have been showing volatility since October last year

Cyrus Mistry's assets may be divided among wife, sons Firoz and Zahan

The billionaire Mistry family's estate is likely to soon change hands

Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore

Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company

RCap lenders in a fix as Hindujas retract revised Rs 8,950-crore offer

The revised Hinduja stand has put Indian lenders, with an exposure of Rs 24,000 crore, in a spot as it was the Hindujas offer which led to a call for second auction and litigation by the other bidder

Lenders to miss March-end deadline to resolve key insolvency cases

Once an account is settled with the highest bidder paying their bid amount, then it frees part of bank's locked fund in an account which could be used for lending purposes

Adani Group prepays entire financing for Ambuja Cements acquisition

The promoters have also prepaid a $500-million facility taken for Ambuja acquisition financing

Swan Energy, Botas of Turkey ink lease agreement for offshore vessel

The duration of the agreement is for 12 months and is extendable

Manipal Health Enterprises set to buy AMRI Hospitals for Rs 2.3K crore

Temasek will buy controlling stake in Manipal at $4-billion valuation

Suraksha Group's takeover of Jaypee Infratech gets NCLT approval

Suraksha's offer was cleared by a committee of creditors (CoC) and submitted to NCLT for clearance, but was delayed due to objections by several parties

Torrent moves SC against NCLAT order on auction of Reliance Capital assets

The lenders' of RCap have decided to hold the second round of e-auction, following the NCLAT order, on March 20

Vedanta may buy 6% more stake in Hindustan Zinc for Rs 7,900 cr

Govt planning OFS to sell 15% stake by March-end, will lose special rights over company; sources says Vedanta is looking raise about $1 billion from three foreign banks to fund the acquisition