According to the company, initially, the plantation business of Tata Coffee Ltd (TCL) will be demerged into Tata Consumer Products Ltd's wholly-owned arm Tata Consumer Products Ltd Beverages & Foods Ltd (TBFL), and then the remaining business of

Citigroup completed the sale of its Indian consumer banking businesses to Axis Bank for Rs.12,325 crore. This is part of Citigroup’s plan to exit consumer banking business across 13 markets, including India. The consumer banking franchise of Cit

The Indian market has seen large Foreign Portfolio Investors (FPI) outflows in the past few months. Their net selloff in these six months has shot past Rs 2 lakh crore and reached Rs 2,06,649 crore since last October. In February 2022, the outflow wa

The modern version of the Disinvestment Department, which is now called the Department of Investment and Public Asset Management (DIPAM), is now into monetization. It has just approved the monetisation of a total of 17 properties belonging to two

In a swift move, Russia on Wednesday, 30th March decided to shift the Rouble to a gold peg. In other words, the Russian Rouble will now be measured against gold and not against the US dollar as it is normally done. This will largely reduce the rol

Diesel is one of the key product export from Russia and averages more than 1mnb/d with almost 75 exporting to Europe while for Europe it accounts for almost 50 of its total diesel imports. While the flow of diesel from Russia to Europe is broadly h

On 25th March, Emami Ltd has acquired the Dermicool brand from Reckitt Benckiser Healthcare (India) Pvt. Ltd for a total consideration of Rs.4.32 billion, excluding tax and duties. Emami's acquisition of the Dermicool brand is a positive development

Indian Banks' have seen three cycles of RBI rate hikes since FY08 of which two were brief and one of them was after the economy gained strength (more comparable to the current one) after the Global Financial crisis. Of these two SBI’s net interest

Infinion Biopharma Ltd, a life sciences company, had filed its draft red herring prospectus (DRHP) in late August 2021. As of date, the SEBI approval, which comes in the form of observations, is yet to come in. The company can decide on the timing

If you are in Mumbai and driving through the business district of Bandra Kurla Complex (BKC), one landmark you would not miss is the imposing IL&FS Towers. In a way, the IL&FS Tower was indicative of the big shift that happened in Mumbai over

In a last ditch effort to boost the disinvestment revenues, the central government has decided to sell a total of 1.5 stake in ONGC via an offer for sale (OFS). The 1.5 stake sale is likely to fetch a sum of Rs.3,000 crore. The OFS would be spread

This argument has come up many times in the last few years. It is the very popular case of inversion in the yield curve hinting at a recession or a slowdown in the economy. Those signals are here all over again. In fact, Reuters has reported that the