India imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop...
-
18th Apr 2024 | Updated at 05:03pm 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...
The Indian Railways aims to generate around £3 billion additional revenue over the next five years and afterward nearly £3 billion per year through the...
Reliance Industries (RIL) will obtain 79% stake in SenseHawk, a California-based software developer for the solar energy sector, for $32 million. The deal is part of RIL’s broader play in renewable energy, an area in which it last year announced...
Bengaluru-headquartered Bharat Electronics Limited (BEL) announced that it signed an MoU with Smiths Detection, a London-based threat detection and security inspection technology company, for offering advanced, high-energy scanning systems to...
SpiceJet, which is facing net loss to £78.9 million in the June quarter as high fuel prices and rupee depreciation adversely impacted the budget carrier. Amid the financial turmoil, the airline plans to raise $200 million and expects to complete...
The £5.12 billion net buying of Indian stocks by foreign funds in August, a 20-month high figure, has convincingly reversed a nine month continuous selling by these institutions. But flow-related volatility could continue for a while, brokers...
India's Goods and services tax (GST) collection remained above £14 billion for the fifth month in a row, increasing 28 per cent year-on-year (YoY) to nearly £14.9 billion in July. This was the second-highest mop-up since the rollout of the regime.
Gautam Adani's wealth has galloped over 13 times, over two and a half years. In January 2020, his net worth was about $10 billion. Recently, the Indian...
India’s Gross Domestic Product (GDP) grew 13.5% in the first quarter of FY22-23 compared to a year ago period helped by the base effect, thereby registering...
Apple has planned to begin manufacturing its latest model iPhone 14 in India about two months after the product’s initial release out of China, narrowing the gap between the two countries but not closing it completely as some had anticipated
