The Economic Times

MV Ramsurya

  • L&T goes in for a big shake-up again

    L&T goes in for a big shake-up again

    Demands from large overseas engineering projects and a worrying attrition rate have prompted Larsen & Toubro, India’s largest engineering company, to restructure its divisions into independent verticals.

    Binani to pare promoters' stake in non-core ventures

    Binani to pare promoters' stake in non-core ventures

    Even as it increases its focus on cement and charts out an expansion plan, Braj Binani-controlled Rs 730-crore Binani group is planning to offload promoter stake in non-core units as part of a restructuring plan.

    VKC Credit promoters may offload up to 25%

    VKC Credit promoters may offload up to 25%

    The promoters of Chennai-based VKC Credit & Forex Services, one of India’s largest money changers, are planning to offload up to 25% of their equity stake and are currently talking to various financial investors to raise resources that will ramp up their current operations.

    ADM to invest Rs 80 cr in Rama Pulp

    ADM to invest Rs 80 cr in Rama Pulp

    The Hong Kong-based distressed debt fund, ADM Capital, is close to investing in the Indian paper sector, which could give it an active equity interest in the country, joining a growing list of high profile foreign funds keen to restructure underperforming companies.

    Chinese PF money may find way to Indian realty

    Chinese PF money may find way to Indian realty

    Sources in the Indian real estate sector say the Chinese government is planning to invest part of the corpus from its state-run provident and social security funds in the Indian realty sector to maximise gains from one of the fastest growing markets in the world.

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