Not looking for private equity funding: McNroe Consumer Products

The maker of various grooming products competes head-on with Vini Cosmetics’ Fogg, ITC’s Engage and Axe from Hindustan Unilever. Read more »

IL&FS time bomb ticks

IL&FS' business model was predicated on creating SPVs to conduct business and the majority of such entities are in a financial disarray. In Maharashtra alone, IL&FS Group has 88 such SPVs like... Read more »

Tata Steel announces vision to combat growing housing crisis in UK

"At Tata Steel, we regard this not only as a business opportunity, but believe it is our duty to work on sustainable solutions and play a beneficial role within the society we... Read more »

Azure bid for manufacturing-linked solar tender rejected

The tender in question, said to be the world’s largest of its nature, was floated in May last year by the solar energy corporation of India Read more »

India to surpass China to become 2nd largest oil demand centre in 2019

In a report, Wood Mackenzie said India's oil demand growth recovered strongly in 2018, overcoming the aftermath of the implementation of Goods and Services Tax (GST) and demonetisation, and contributed 14 per... Read more »

Soon, your face would be enough to enter airports, board flights

Govt plans to roll out ​​the digi yatra service at two airports in Hyderabad and Bangalore that will later be extended to Varanasi, Kolkata, Pune and Vijaywada in the next one to... Read more »

Vedanta moves SC for directions to pollution board on renewing copper plant licence

The Sterlite Copper factory, owned by Vedanta Ltd, was shuttered in May last year on the back of masive agitations by locals inhabitants. Read more »

Lactalis to buy Prabhat Dairy business for Rs 1,700 crore

Lactalis’ local arm, Tirumala Milk Products, will acquire Prabhat’s dairy business as well as its step-down subsidiary Sunfresh Agro Industries through a share purchase agreement, it said in a statement. Read more »

Aviation ministry opposes demand for AAI profit as dividend

The government, through the DIPAM, has sought payment of profits in their entirety by government-owned companies as dividend. Read more »

IOC, Gail evaluating Adani LNG terminal

The PSUs have gone ahead with their plans on regasification capacity but have yet to take a final call on their equity investments. Read more »