capital allocation

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    Mahindra Sells Erkunt Foundry to Hisarlar Consortium

    New Delhi, April 10 Mahindra & Mahindra announced on Friday that it has divested its stake in a subsidiary in the industrial manufacturing sector, Erkunt Foundry, to a consortium led by Hisarlar Makina Sanayi.Mahindra Overseas Investment Company (Mauritius) Ltd (MOICML), a wholly-owned...
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    Beyond UPI: Merchant Payments & Financial Services Fuel PhonePe's Success

    New Delhi, February 26 The digital payments giant, PhonePe, has reported strong revenue growth and a sharp decrease in losses over the past three fiscal years, indicating a shift towards sustainable monetization and operational efficiency, according to its draft red herring prospectus (DRHP)...
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    QIP Funding Fuels Credent Global Finance's Growth Strategy

    New Delhi, February 25 NBFC firm Credent Global Finance announced on Wednesday that it has raised ₹30 crore through a Qualified Institutional Placement (QIP) to fund business growth.Institutional investors participated in the QIP, further strengthening investor confidence in Credent's evolving...
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    AI Infrastructure Push: Reliance's Strategy and Investment Timeline

    New Delhi, February 23 Reliance Industries Ltd (RIL) has significantly altered its business model roughly every decade during its nearly 48-year history as a publicly listed company. Its plan to invest $110 billion over seven years in artificial intelligence (AI), related energy supply, and the...
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