Aditya Birla Group chairman Kumar Mangalam Birla said the £1.8 bn fund-raise has given Vodafone Idea a “fresh lease of life”, and set the stage for a “smart turnaround”. “Vi is not just a telecom company, it’s a national asset with 215 million...
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22nd Dec 2024 | Updated at 04:19pm 22nd Dec 2024
India poised to be 3rd largest economy by 2030: S&P
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.
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...
Axis Bank overtook Kotak Mahindra Bank to become India’s third most valued private lender after a rout in the latter’s stock. Kotak Bank’s stock opened deep in the red last Thursday, a day after RBI restricted the lender from onboarding customers...
Come 2027 and IndiGo will mount nonstop flights by using its own wide body aircraft between India and far flung corners of the world. The Rahul Bhatia-founded mega budget carrier said it “has agreed” to place a firm order for 30 twin aisle Airbus...
Telecom major Reliance Jio has become the world’s largest mobile operator in terms of data traffic, surpassing China Mobile. The announcement came as Jio revealed its quarterly results, showcasing staggering numbers and milestones achieved in...
India and Oman will sign a trade deal in the coming months, two Indian government officials said, as New Delhi seeks to expand its ties in the Middle East, where rising tensions are putting major shipping routes at risk. "It will help India...
The £1.8 bn follow-on public offer (FPO) of telecoms services provider Vodafone Idea was subscribed seven times, the biggest such fund-raising move by demand size. The FPO, largest in Indian history in terms of the funds raised, was offered...
Tata Motors will manufacture Jaguar Land Rover (JLR) luxury cars at a $1 billion plant that it is planning to build in the southern state of Tamil Nadu, sources said. The plan would mark the first time that JLR-branded cars would be manufactured...
Reliance Industries posted a near-flat quarterly profit on Monday, while its revenue grew 11% to £24 bn, benefiting from the strength of its oil & gas and oil-to-chemical (O2C) businesses as well as its fast-growing retail and digital services...
Net direct tax collections rose 17.7% to nearly £196 bn during the last financial year, surpassing the revised estimate and providing comfort to the Centre to close the year with healthier than expected fiscal deficit.
Infosys reported the lowest annual revenue growth at 1.4% since it was founded in 1981. The IT giant’s constant currency revenue grew 1.4% in financial year 2023-24, narrowly missing its own forecast, as clients continued to cut spends after...
