Latest news with #ShineJacobSohiniDas
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Business Standard
10-07-2025
- Business
- Business Standard
Valuation of Manipal Hospitals hits $13 billion; firm eyes IPO in 2026
Bengaluru-based Manipal Hospitals cements top spot with major expansion, aims IPO Shine Jacob Sohini Das Chennai / Mumbai Listen to This Article Bengaluru-headquartered Manipal Hospitals' valuation has jumped by at least $1 billion (over ₹8,000 crore) after the acquisition of Sahyadri Hospitals, reaching around $13 billion (0ver ₹1.1 trillion), according to multiple sources familiar with the development. This marks more than a threefold increase from the $3 billion (around ₹25,000 crore) valuation reported in 2021. Manipal Hospitals announced late Wednesday that it had acquired Sahyadri Hospitals from the Ontario Teachers' Pension Plan (OTPP), a global investor with net assets of $194 billion. The size of the deal is reportedly over ₹6,000 crore. 'This ₹6,000 crore, plus an upside value of over ₹2,000
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Business Standard
16-06-2025
- Automotive
- Business Standard
India's CV industry quietly begins shift to hydrogen-powered vehicles
Ashok Leyland, Tata Motors and Daimler lead India's shift to hydrogen-powered commercial vehicles as pilot trials expand under the National Green Hydrogen Mission Shine Jacob Sohini Das Chennai/Mumbai Listen to This Article From Reliance Industries' Jamnagar unit to the cold terrains of Leh or the bustling streets of New Delhi, India's commercial vehicle (CV) industry is quietly undergoing a fuel transition revolution through its hydrogen-powered vehicles, led by industry majors such as Ashok Leyland and Tata Motors, with other giants also preparing to take the leap. While some initiatives are extensions of the National Green Hydrogen Mission, OEMs are also strategically moving to be future-ready. Take the case of Ashok Leyland: it had rolled out India's first hydrogen internal combustion engine (H2-ICE) powered heavy-duty truck, in partnership with Reliance Industries (RIL), as
