Tata Steel will infuse $2.1 billion (£1.74 bn) in its Singapore arm, to repay debt of its offshore entities and to “support the restructuring costs” of its loss-making UK operations. Further, it will convert debt instruments worth $565 million...
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18th Oct 2024 | Updated at 12:13am 18th Oct 2024
Bajaj Housing Finance shares surge 136% on debut
Shares of Bajaj Housing Finance, one of India's biggest mortgage providers, shot up by as much as 136 per cent to Rs 165 during its trading debut on India's stock exchanges on Monday, after the $782 mn offering drew bids for more than 67 times...
Tata Motors Q3 net more than doubles to £714.5 mn
Smashing street estimates, Tata Motors’s Q3FY24 profit more than doubled to £714.5 million, benefiting from the strength of its UK luxury car business, Jaguar Land Rover (JLR). It had posted a profit of £304.3 million in the year-ago period,...
Indian equity benchmark indices BSE Sensex and NSE Nifty closed 6 per cent lower on Tuesday (June 4) after staging a partial recovery in afternoon trade. At the time of the closing bell on the day of Lok Sabha election results 2024, Sensex was...
An Adani Ports and Special Economic Zone Ltd (APSEZ) joint venture has entered into an agreement with Hutchison Port Holdings Ltd to acquire 95% stake in a container terminal company at the Port of Dar es Salaam in Tanzania
India’s economy is estimated to have grown by 8.2% in 2023-24, led by a solid expansion in manufacturing and construction sectors, and a strong push from Jan-March quarter growth, beating expectations and laying a robust foundation for the new...
Anil Ambani’s debt-ridden Reliance Capital secured a buyout offer of £965 mn from Hinduja Group’s IndusInd International Holdings Limited (IIHL) a few months ago. Hinduja Group’s firm has already received clearance from SEBI, CCI, IRDAI and...
After flying for nearly 18 years, India's largest airline IndiGo announced that it will introduce business class in flights this year, as the carrier seeks to provide more options for passengers amid rising economic growth. The airline will...
The market capitalisation of Aditya Birla Group companies crossed $100 billion for the first time on Friday riding on a rally in shares of UltraTech, Hindalco, and Vodafone Idea. The combined valuation of the 12 companies in the group stood...
Sixteen months after the release of Hindenburg Research Report, which led to a sharp fall in the stock prices of all Adani Group companies, one the key firms of the group - Adani Ports and Special Economic Zone (APSEZ) has now made into the...
Ramping up its focus on India, Google’s parent Alphabet is looking to manufacture drones and Pixel phones, and is in talks with Foxconn to make them at a plant in Tamil Nadu. While Dixon Technologies has also been given the contract to manufacture...
Tata-owned Jaguar Land Rover (JLR) has decided to make its flagship Range Rover luxury SUVs in India. For the first time, these top-of-the-line vehicles will be assembled outside JLR’s Solihull factory in the UK.
