Gautam Adani and his family has infused £833.9 mn into Ambuja Cements, raising their stake in the company to 70.3% from 66.7%.
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22nd Dec 2024 | Updated at 06:21pm 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...
It’s not just billions of dollars that Apple is churning out in India through production at factories, but the world’s most valuable electronics maker is also talking green. The company, which is likely to ring in $14 billion in India production...
The International Monetary Fund raised India’s GDP growth forecast for the current fiscal year to 6.8%, as against 6.5% earlier, on the back of strong domestic demand and a rising working age population. The projection will help India remain...
Ambuja Cements, the cement and building material company of Adani Group, has signed an agreement to acquire My Home Group’s 1.5 mtpa (million tonne per annum) cement grinding unit in Tuticorin in Tamil Nadu.
Ailing telecom operator Vodafone Idea (VIL) said it plans to raise up to £1.8 billion through share sale in the biggest follow-on public offer (FPO) as it moves to mobilise resources to invigorate operations and work towards launching 5G.
India's retail inflation eased to a five-month low in March on the marginally moderating food inflation, while industrial output growth rebounded to a four-month high in Feb, led by robust infra sectors and consumer durables output.
Pegatron is reportedly in talks to hand over its only iPhone manufacturing facility in India to the Tata Group, the Taiwanese firm's latest scale back of its Apple partnership. The deal, if it goes through, will see Tata holding at least a 65%...
The Hinduja Group will buy a 60% stake in American asset manager Invesco’s India mutual fund unit, marking its entry into the industry even as Jio Financial Services-BlackRock joint venture gears up to disrupt the market.
Days before he comes calling on India and PM Narendra Modi, Elon Musk’s satcom venture Starlink has been given an in-principle approval from the telecom ministry. The file now lies at the desk of communications minister Ashwini Vaishnaw, who...
Apple assembled $14 billion worth of iPhones in India last financial year, doubling production in the country in what could be seen as a diversification in manufacturing beyond China. Apple now makes as much as 14% or about 1 in 7 of its marquee...
