Sri Lanka will hand over management of its $209 million Chinese-built airport to Indian and Russian companies, a cabinet statement said, as the island nation attempts to reduce losses from its state enterprises.
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27th Jul 2024 | Updated at 06:48am 27th Jul 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...
The US Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing high levels of a cancer-causing pesticide....
Tesla said that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term.
The French government is planning to block the sale of generic drugs firm Biogaran to potential foreign bidders, which include two Indian pharma companies, according to French media reports.
Aditya Birla Group chairman Kumar Mangalam Birla said the £1.8 bn fund-raise has given Vodafone Idea a “fresh lease of life”, and set the stage for a “smart turnaround”. “Vi is not just a telecom company, it’s a national asset with 215 million...
Axis Bank overtook Kotak Mahindra Bank to become India’s third most valued private lender after a rout in the latter’s stock. Kotak Bank’s stock opened deep in the red last Thursday, a day after RBI restricted the lender from onboarding customers...
Come 2027 and IndiGo will mount nonstop flights by using its own wide body aircraft between India and far flung corners of the world. The Rahul Bhatia-founded mega budget carrier said it “has agreed” to place a firm order for 30 twin aisle Airbus...
Telecom major Reliance Jio has become the world’s largest mobile operator in terms of data traffic, surpassing China Mobile. The announcement came as Jio revealed its quarterly results, showcasing staggering numbers and milestones achieved in...
India and Oman will sign a trade deal in the coming months, two Indian government officials said, as New Delhi seeks to expand its ties in the Middle East, where rising tensions are putting major shipping routes at risk. "It will help India...
The £1.8 bn follow-on public offer (FPO) of telecoms services provider Vodafone Idea was subscribed seven times, the biggest such fund-raising move by demand size. The FPO, largest in Indian history in terms of the funds raised, was offered...
