Ashok Leyland April total sales rise 10 pc to 12,974 units

The takeover battle for Care Hospitals has landed up in the Bombay High Court with Max Healthcare Institute filing a suit against private equity firm TPG after the Care owner spurned Max’s bid in favour of an offer by Blackstone, the world’s largest PE fund, that was about 15-20% higher, said people with knowledge of the matter.

India’s goods and services tax (GST) collections in April rose 12% from the year earlier to an all-time monthly high of ₹1.87 lakh crore, kicking off the new financial year on a buoyant note.

Canada’s Brookfield Asset Management has acquired a 51% controlling stake in Rostrum Realty Pvt Ltd, a real estate joint venture company in which Sunil Mittal-led Bharti Enterprises will hold the remaining 49%.