World’s largest activist investor Elliott Management is circling the scandal hit Fortis Healthcare that is facing takeover bids. Hedge fund giant Paul Singer-led Elliot, which has caused several top management exits and selloffs through activist boardroom interventions, is mopping up Fortis shares in a rare show of interest in a public company traded solely on […]

Diversifying into road construction, state-owned NBCC (India) Ltd on Sunday said it has bagged a contract to build Rs 20 billion road project in Uttarakhand. “NBCC (India) Ltd., Navratna CPSE under Ministry of Housing and Urban Affairs, today added yet another aspect to its expanding business by diversifying into the Road construction space,” the company […]

Adding to its project portfolio in the country’s road and highway sector, IRB Infrastructure Developers, which is a renowned infra builder in the country’s road and highway sector, has recently won two road contracts entailing a whopping investment worth Rs. 3,465 crore. Company, which secured the project in a consortium with Modern Road Makers Private […]

Toyota and Uber in talks on self-driving technology Uber Technologies is discussing the possibility of installing its self-driving system in Toyota Motor Co (7203.T) vehicles as the U.S. ride-hailing firm seeks to sell its autonomous driving technology to outside companies, the Nikkei reported on Friday. Without citing sources, the Japanese business daily said that the […]

Mahindra & Mahindra (M&M) and Ford India are likely to formalise a memorandum of understanding that they signed six months ago and establish a partnership in coming week to 10 days, according to several people with knowledge of the matter. They are likely to share vehicle architecture, electric powertrains, common sourcing and leverage each other’s […]