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Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit
The report comes amid Subramanian's recent exit from his post as India’s executive director at the International Monetary Fund (IMF), six months ahead of schedule.
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Can Fin Homes targets 20% disbursement growth in FY26 on rate relief
The housing finance company faced challenges in two of its major markets — Karnataka and Telangana — in FY25. Business in Karnataka was affected by delays in the registration of property sale transactions.
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Macrotech Developers to launch Rs 19k crore housing projects this fiscal
Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties.
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Tech Mahindra to acquire 100% stake in Mahindra Racing UK for Rs 13.5 cr
This deal, executed through a share purchase agreement, involves TMLL acquiring 100 per cent shareholding in MRUK for a cash consideration of GBP 1.2 million (approximately Rs 13.5 crore).
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India's manufacturing PMI hits 10-month high of 58.2 in April, IIP rebounds
The seasonally adjusted index signalled the strongest improvement in the sector’s health since June 2024, driven by faster growth in employment, production, and stocks of purchases.
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Adani Group puts on hold $10 bn chip deal with Israel's Tower Semiconductor
Billionaire Gautam Adani's conglomerate, the Adani Group, has put its $10 billion semiconductor joint venture with Israel's Tower Semiconductor on pause, reported sources.
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India unit CEO: Japan's Rakuten to invest $100 mn in India, increase hiring
Japan's Rakuten aims to invest at least $100 million and increase its headcount by 8 per cent in India this year to strengthen its global operations, a top executive of the internet conglomerate told sources.
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India can strengthen trade, manufacturing amid global uncertainty: Finance Minister
The finance ministry on Tuesday said that India has an opportunity to strengthen its position in international trade and manufacturing amid global uncertainties, but the private sector and policymakers should be cautious that these challenges do not lead to capital formation being put on hold.
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