BUSINESS

Global rating agencies S&P Global Ratings and Fitch Ratings are upbeat about the positive effect that Bain Capital’s proposed acquisition of a stake in Manappuram Finance Ltd (MFL) will have on the non-bank lender’s corporate governance and management.S&P observed that...

Agritech firm Grow Indigo has raised $10 million from British International Investment (BII), the UK’s development finance institution and impact investor. Established in 2018, Grow Indigo is leading the carbon farming revolution with over 2.5 million acres of smallholder farmland...

Alembic Pharmaceuticals Ltd has entered into a strategic commercial agreement with Amlan International — the animal health business of Oil-Dri Corporation of America — for introducing cutting-edge poultry health solutions to the Indian market.This collaboration will expand access to advanced...

Adani Group has sought land parcels from Gujarat government for setting up a new Special Economic Zone (SEZ) in Ahmedabad and a township in Gandhinagar, states information tabled by the government in Gujarat legislative assembly. The land parcels sought are...

Betting big on Indian tourist arrivals, the Israel Ministry of Tourism is looking at drawing 70,000 tourists this year. Amruta Bangera, Director of Marketing, Israel Ministry of Tourism (IMOT), said tourism in Israel had picked up in 2024 with 962,000...

After four years of good demand abroad, Indian tobacco farmers might see a stabilised price scenario this year. With indications that production in Brazil and Zimbabwe is coming back to normalcy, the demand for Indian tobacco may be subdued for...

Online grocer Zepto is in talks for current stockholders to sell as much as $250 million of their equity, a move aimed at boosting the ownership of Indian investors before the startup seeks to go public later this year. The private...

The capital market regulator SEBI has extended the suspension of derivatives trading in seven agricultural commodities—paddy (non-basmati), wheat, chana, mustard seeds (including its complex), soybean (including its complex), crude palm oil, and moong—by one year.On December 19, 2021, SEBI had...

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract with Germany-based Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG for the construction and delivery of the seventh and eighth 7,500 DWT multi-purpose vessels (MPVs). State-owned Punjab & Sind...