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,...
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22nd Dec 2024 | Updated at 11:43pm 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...
The IMF in its latest World Economic Outlook has revised upward India's growth forecasts, projecting a 6.5% expansion for the upcoming financial year and 6.7% for the current fiscal year ending in March. These figures, while optimistic, fall...
Laptop manufacturers risk having their import quotas reduced if they fail to submit regular updates to the government on their plans for manufacturing it in India. With an emphasis on localisation or sourcing from reliable sources, the government...
Three digit aircraft will be installed within the next 75 days', stated Vinay Dube, co-founder and CEO of Akasa. Though rumoured to be seeking $400 million, the airline asserts that it has sufficient cash on hand to order the aircraft by year's...
Reliance Industries is nearing a cash and stock deal to buy Walt Disney’s India operations, according to people familiar with the matter. The US entertainment giant may sell a controlling stake in the Disney Star business - which it values at...
The RBI is threatening to punish ICICI Bank a record amount of over £1.22 million for violating lending laws and failing to report fraud. The amount charged against ICICI Bank exceeds the fine of £1 million that was imposed against HDFC Bank...
Adani group has raised $3.5-billion from 10 global banks to refinance debt used to purchase Ambuja Cements and ACC, in a sign that the company is moving past the Hindenburg crisis. The refinancing will result in an overall cost saving of $300...
For a total acquisition value of £1.28 billion, Suzuki Motor Gujarat Private Limited (SMG), owned by parent Suzuki Motor Corporation, would be acquired by Maruti Suzuki (MSIL), the largest automobile manufacturer in India. Within the first quarter...
Joining fellow American Apple, South Korean manufacturer Samsung and leading Chinese manufacturers Vivo, Oppo, and Xiaomi in the "Made in India" initiative, Google will begin producing Pixel smartphones in India.
Morgan Stanley has increased the overweight stance on India as the most-preferred emerging market (EM). Relative economic/earnings growth is improving, and the macro-stability setup looks sufficient to withstand the higher real rate environment....
