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Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, comprising Charanjeet Singh Gulati and Nilesh Sharma said. NCLT had reserved the order after hearing the matter on November 12. The Ministry of Petroleum a ...Read More >
NEW DELHI: At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorientate ...Read More >
NEW DELHI, Dec 9 (Reuters) - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking ...Read More >
NEW DELHI, Dec 9 - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorie ...Read More >
New Delhi : Vedanta Limited, India's leading energy-transition metals, oil & gas, critical minerals, power and technology conglomerate, reaffirmed its commitment to accelerating India's clean-energy transition on the National Energy Conservation Day. The Group's decarbonisation strategy uses four levers: renewable energy expansion, switching to low-carbon fuels, energy and process efficiency, and carbon offsets. Leveraging a multi-pronged approach, till November FY26, Vedanta sourced 2.58 billi ...Read More >
The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across ...Read More >
CHENNAI: Arunachalam Vellayan (72), former Chairman of the Murugappa Group and Chairman Emeritus of Coromandel International, passed away on Monday after a prolonged illness, the ₹902-billion Murugappa Group said in an official statement.A fourth-generation member of the Murugappa family and great-grandson of Dewan Bahadur Murugappa Chettiar -- founder of the 125-year-old conglomerate -- Vellayan is survived by his wife Lalitha Vellayan, sons Arun Vellayan and Narayanan Vellayan, and his grandc ...Read More >
CHENNAI: The Murugappa Group announced the passing of Arunachalam Vellayan (1953-2025), chairman emeritus of Coromandel International and former chairman of the Murugappa Group, earlier today after a prolonged illness. He is survived by his wife Lalitha Vellayan, his sons Arun Vellayan, Narayanan Vellayan and grandchildren. Vellayan dedicated several decades to the Group, providing strategic direction across its diversified businesses. His vision, integrity and long-term approach to value crea ...Read More >
VMPLNew Delhi [India], November 14: The Anil Agarwal Foundation (AAF), the social impact arm of the Vedanta Group, India's leading energy transition metals, oil & gas, critical minerals, power, and technology conglomerate announced a landmark moment in India's social impact journey. Nand Ghar, Vedanta's flagship social impact initiative, has surpassed the 10,000 centers milestone across 16 states, transforming the lives of over four lakh children and three lakh women every day, nationwide.Nand G ...Read More >
VMPL New Delhi [India], November 14: The Anil Agarwal Foundation (AAF), the social impact arm of the Vedanta Group, India's leading energy transition metals, oil & gas, critical minerals, power, and technology conglomerate announced a landmark moment in India's social impact journey. Nand Ghar, Vedanta's flagship social impact initiative, has surpassed the 10,000 centers milestone across 16 states, transforming the lives of over four lakh children and three lakh women every day, nationwide. Na ...Read More >
New Delhi : Jindal (India) Limited, part of the prestigious B.C. Jindal Group and one of the leading downstream steel products manufacturers in India, has announced that it has secured orders worth Rs 110 Crore for Metal Beam Crash Barriers (MBCB), so far, in FY26. Additionally, orders worth Rs 120 crore are in the pipeline for the current financial year. The B.C. Jindal Group, promoted by Shyam Jindal, has bagged these contracts for MBCB production from Indian Railways and the National Highways ...Read More >
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 30th Oct, 2025) Abu Dhabi National Energy Company PJSC (TAQA) announced today the divestment of its 100 percent stake in TAQA Neyveli Power Company Private Limited (TAQA Neyveli) to MEIL Energy Private Limited, an affiliate of Megha Engineering & Infrastructures Limited (MEIL), an India-headquartered, large diversified conglomerate with strong business interests in infrastructure, energy and hi-tech manufacturing for a sale consideration of INR ...Read More >
Kolkata, Oct 30 (PTI) Diversified conglomerate ITC Ltd on Thursday reported a 4.1 per cent year-on-year rise in its consolidated net profit to Rs 5,187 crore for the second quarter of the 2025-26 fiscal as compared to Rs 5,054 crore in the same period last year. Consolidated revenue from operations for the July-September quarter marginally declined to Rs 21,256 crore from Rs 21,536 crore a year ago, reflecting a normalisation in the agri business that had witnessed an exceptional export base in ...Read More >
New Delhi, Oct 29 (PTI) CG Power and Industrial Solutions on Wednesday posted a nearly 30 per cent year-on-year rise in consolidated net profit to Rs 284 crore in the September quarter, driven by revenues from the core power systems business. The company had clocked a net profit of Rs 220 crore in the July-September period of the preceding 2024-25 financial year, the Mumbai-based engineering conglomerate said in an exchange filing. The company's total income rose to Rs 2,988.89 crore from Rs 2 ...Read More >
New Delhi, Oct 28 (SocialNews.XYZ) The Congress has reignited its campaign to abolish the Agniveer short-term military recruitment scheme, branding it a "grave danger" to national security, youth employment, and armed forces morale. At a press briefing at AICC headquarters, Col (retd) Rohit Chaudhary, Chairman of the Ex-Servicemen Department, launched "Jai Jawan Campaign Part 2", pledging to regularise all Agniveers and reinstate permanent pensionable service. Introduced in 2022, Agniveer enli ...Read More >
In a major shake-up at the Tata Trusts, Mehli Mistry -- once considered a close confidant of Ratan Tata -- is set to exit the apex charitable bodies after chairman Noel Tata, vice chairman Venu Srinivasan and trustee Vijay Singh declined to approve the renewal of his term, people familiar with the matter said. In a dramatic turn at the Tata Trusts, Mehli Mistry -- once regarded as one of Ratan Tata's closest confidants -- faces potential ouster after chairman Noel Tata, vice chairman Venu Srini ...Read More >
Mumbai / Chennai: Serving an ace to strengthen India's tennis future, the Bajaj Group today announced its Platinum Sponsorship of the Chennai Open 2025. The Bajaj Group also unveiled a partnership with the Tamil Nadu Tennis Association (TNTA) to champion its player development programme - 'THE NEXT LEVEL' -- dedicated to nurturing India's emerging tennis stars. As the Platinum Sponsor of the Chennai Open 2025, the Bajaj Group, one of India's largest and oldest business conglomerates, steps in ...Read More >
New Delhi, Oct 26 (PTI) Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 m ...Read More >
New Delhi, Oct 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be ce ...Read More >
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends. Nigerian industrialist Aliko Dangote's net worth has hit $30 billion, according to the latest Bloomberg Billionaires Index. The index revealed that Dangote's fortune now stands at $29.8 billion, up $5.71 million from the previous day and $1.73 billion year-to-date. The increase comes amid strong performances from his liste ...Read More >
NEW DELHI: Congress Saturday demanded that Parliament's Public Accounts Committee (PAC) probe the LIC after a Washington Post report claimed the state-run insurer made huge investments in Adani Group securities after they took a beating in the markets. Congress spokesperson Jairam Ramesh termed the report a "disturbing revelation" about the savings of LIC's 30 crore policyholders being "systematically misused" to benefit Adani Group. Congress president Mallikarjun Kharge took a swipe at the govt ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Gro ...Read More >
Billionaire investor Gautam Adani, left, and Narendra Modi, the prime minister of India. (Illustration by Chelsea Conrad/The Washington Post; Bloomberg and AFP/Getty Images; documents obtained by The Washington Post) NEW DELHI -- Debt was piling up quickly this spring for Gautam Adani -- owner of a vast empire of Indian coal mines, airports, seaports and green energy ventures -- and the bills were coming due. India's second richest man, whose net worth hovers around $90 billion, had been charg ...Read More >
(The Center Square) - Indian conglomerate Reliance Industries said Friday it will adjust its refining operations to abide with U.S. and European sanctions on purchases of Russian crude oil. Reliance, India's largest oil importer, said in a statement posted on X that it is assessing the impact of restrictions announced in recent days by the European Union, United Kingdom and United States. The company said it will fully comply with applicable regulations while maintaining relationships with supp ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
New Delhi [India], October 22 (ANI): South Korea's top three conglomerates, Samsung, SK, and Hyundai Motor, saw the largest asset growth over five years, as per a report by Pulse, the english service of Maeil Business News Korea. According to an analysis conducted by corporate tracker CEO Score of 52 business groups with comparable assets between fiscal years 2019 and 2024, the total asset value of the groups rose 42.8 per cent from 1,897.3 trillion won (USD 1.3 trillion) in 2019 to 2,709.09 tr ...Read More >
Brookfield-backed Avaada Electro has filed a DRHP with SEBI for a Rs 9,000-10,000 crore IPO. The solar manufacturing firm plans to expand high-efficiency TOPCon module and cell capacity across Uttar Pradesh and Maharashtra, positioning India as a global leader in domestic solar manufacturing. Avaada Electro Private Ltd, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has confidentially filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board o ...Read More >
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year. - Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with ...Read More >
Brazilian aerospace giant Embraer inaugurated its new office in New Delhi on Friday to expand its presence across India's commercial aviation, defence, business aviation, services, and urban air mobility sectors. With nearly 50 aircraft already operating in India, Embraer aims to strengthen collaboration with local partners, suppliers, and customers while supporting Make in India and Atmanirbhar Bharat initiatives. Brazilian aerospace major Embraer on Friday inaugurated its office in the nation ...Read More >
According to company executives, significant progress has also been made on Reliance's 40 GWh battery-storage project, with the first facility expected to become operational next year. Reliance Industries Ltd. (RIL) will commission its solar cell manufacturing unit next month, marking a key milestone in the conglomerate's plan to build India's first fully integrated solar manufacturing value chain. The group is creating a new-energy ecosystem that spans the entire chain -- from solar modules a ...Read More >
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