Tata Motors eyeing Ford’s Gujarat, TN units

Tata Motors is in early talks with Ford to buy the latter’s units in Tamil Nadu and Gujarat, multiple sources said. If the transaction materialises, it will be Tata Motors’ second asset purchase from the US major. In March 2008, the Indian company...

Reliance buys Norway-based REC Solar

Expanding into the green energy sector, Reliance Industries Limited (RIL) bought Norway-based REC Solar from China National Bluestar for $771 million (around £580 million). “Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of...

Global ratings agency Moody’s Investors Service on Tuesday retained the lowest investment grade rating (Baa3) on India’s sovereign rating but changed the outlook to stable from negative, citing that the downside risks from negative feedback...

India's conglomerates have not only gained heft in the market but have also created wealth for shareholders big time. Thanks to the sizzling rally in group companies’ share prices and speedy recovery in their earnings after the first Covid wave,...



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