ArcelorMittal- Nippon Steel India (AM/NS India) has inked an agreement with India's Essar Group to buy certain infrastructure assets that are “strategic” to its steel-making operations in the country
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26th Apr 2024 | Updated at 06:06pm 26th 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...
Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, said he expects the GDP to grow up to 15.7 per cent in the first quarter of 2022-23 with more chances of the final numbers printing in higher, while Aditi Nayar, the...
'ReNew Power' based in India's Gurgaon has raised a $1-billion project loan through external commercial borrowings (ECB), tying up with 12 international banks for the finance. The company said it is the single largest project funding in Indian...
Adani Logistics, the wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd. has signed a definitive agreement to acquire ICD Tumb (Vapi) from Navkar Corporation for £83.5 million. The deal comprises the acquisition of the operational...
Japanese lender, MUFG Bank has announced that it has begun operations from Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, the capital city of Gujarat state. In May this year, the bank received final approval from the International...
Four months after the Bombay Stock Market Index (sensex) recorded its highest level for the current fiscal, it reclaimed the psychologically important...
Akasa Air, the startup budget airline launched in India on August 7 with late Rakesh Jhunjhunwala as its biggest investor, has said it remains “well-capitalised” and will induct the ordered 72 aircraft over the next five years. It will also...
Profit of Tata Sons more than doubled in fiscal 2022, boosted by gains made from participating in the share buyback of TCS as well as by dividends received...
Indian telecom service provider Bharti Airtel has said that it will start rolling out 5G services from this month and cover all towns and key rural areas...
