Gautam Adani-owned Adani Group announced a deal to acquire Holcim's businesses in India for $10.5 billion. The group revealed that it had entered into...
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24th Dec 2024 | Updated at 10:00pm 24th 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...
Till 2020-21 Maharashtra has been the highest exporter from among the states and Gujarat occupied the second position. But this year Gujarat surpassed Maharashtra's record by exporting goods worth £83.7 billion in the financial year 2021-22...
Indian conglomerate Reliance Industries' revenue has crossed $100 billion in fiscal 2022, becoming the first Indian company to reach the milestone this year. The Tata Group had a revenue of $103 billion in fiscal 2021. The group’s fiscal 2022...
The Reserve Bank of India (RBI) announced an increase in key interest rates by 40 basis points, the first increase since August 2018 and the sharpest in nearly 11 years, as it shifted gears to tame surging prices. Rising prices against the backdrop...
Tata Steel closed fiscal 2022 with record profit in its history, displacing Tata Group’s crown jewel TCS from the top slot as the most profitable entity of the $103 billion steel-to-software conglomerate. The company, one of the oldest units...
The Indian rupee breached the 77-level for the first time to hit a new low of 77.53 against the US dollar, raising concerns that a new front has opened...
The £2.1 billion initial public offering (IPO) for LIC received a huge response from domestic institutions and was oversubscribed nearly three times by...
Tata Steel, the largest Indian importer of Russian coal this year, will stop buying the commodity in a sign that Vladimir Putin’s invasion of Ukraine has made it more perilous to do so. Tata Steel pointed to “uncertainties” over the supply of...
Kolkata-based packaged goods firm Emami Ltd has acquired the Dermicool brand from Reckitt Benckiser Healthcare for a total consideration of £43.2 million, it said in a regulatory filing.
The LIC’s initial public offering (IPO) size will have a price band of Rs 902 to Rs 949, resulting in the issue size being between £2 and 2.1 billion, depending on the final price, making it India's largest IPO even after being scaled down due...
