India’s consumer price inflation surged to an eight-year high of 7.79% in April, 2022, breaching the Reserve Bank of India’s (RBI) so-called tolerable limit of 6% for the fourth straight month, official data showed. Food inflation, which is...
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20th May 2022 | Updated at 06:41am 20th May 2022
After re-entry, Ford to exit India again
Ford Motors did a U-turn in only three months, announcing that it’s giving up on EV manufacturing in India (for exports), despite making the cut for benefits under the government’s production-linked incentive (PLI) scheme. It is believed that...
Maruti to set up new manufacturing plant in Sonipat
Maruti Suzuki will spend £1.1 bn to set up a new manufacturing facility in Haryana, its third in the state and spread over an 800-acre area, as India's largest carmaker looks to add a fresh 10,00,000 units to its capacity from the location over...
Ford Motors did a U-turn in only three months, announcing that it’s giving up on EV manufacturing in India (for exports), despite making the cut for benefits...
Maruti Suzuki will spend £1.1 bn to set up a new manufacturing facility in Haryana, its third in the state and spread over an 800-acre area, as India's...
Campbell Wilson, currently the CEO of Singapore Airlines (SIA) budget arm Scoot, has been appointed as the MD and CEO of Air India. He will bid adieu there on June 15. Tata-SIA JV Vistara's former CEO Leslie Thng will succeed him at Scoot. With...
India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5-billion consumer goods business to challenge foreign giants like Unilever, sources familiar with the plan said.
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...
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...
