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.
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18th Apr 2024 | Updated at 08:13am 18th Apr 2024
Tata Motors Q3 net more than doubles to £714.5 mn
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, Jaguar Land Rover (JLR). It had posted a profit of £304.3 million in the year-ago period,...
India Inc wants RBI to go slow on interest rate hikes
India Inc is pressing the RBI to hold off on rate increases as borrowing prices rise. According to information made public by the trade group Ficci, the average interest rate grew by one percentage point to roughly 9.4% during the most recent...
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...
The Asian Development Bank raised India’s growth forecast for the current year to 7%, from 6.7% earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2%. It also estimated...
Ride-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said.
The shareholders of Vodafone Idea have approved a proposal to issue securities worth about £2 billion, the debt-laden telecom services provider said in an exchange filing, a day after the company's virtual extraordinary general meeting (EGM).
