The Indian rupee breached the 77-level for the first time to hit a new low of 77.53 against the US dollar, raising concerns that a new front has opened...
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20th May 2022 | Updated at 05:39am 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...
The £2.1 billion initial public offering (IPO) for LIC received a huge response from domestic institutions and was oversubscribed nearly three times by...
Tata Steel, the largest Indian importer of Russian coal this year, will stop buying the commodity in a sign that Vladimir Putin’s invasion of Ukraine has made it more perilous to do so. Tata Steel pointed to “uncertainties” over the supply of...
Kolkata-based packaged goods firm Emami Ltd has acquired the Dermicool brand from Reckitt Benckiser Healthcare for a total consideration of £43.2 million, it said in a regulatory filing.
The LIC’s initial public offering (IPO) size will have a price band of Rs 902 to Rs 949, resulting in the issue size being between £2 and 2.1 billion, depending on the final price, making it India's largest IPO even after being scaled down due...
In what will be its first M& A under new owner Tata Sons, Air India has proposed to buy low cost carrier AirAsia India, according to an application with the Competition Commission of India (CCI). The move will see Malaysia’s AirAsia exiting...
Mukesh Ambani's Reliance Industries is now working on the potential bid for UK's high street chain Boots with US buyout firm Apollo Global Management....
Indian conglomerate Tata has cut business ties with Russia as the corporate fallout from the invasion of Ukraine spreads. Tata Steel has said that it has taken a “conscious decision to stop doing business with Russia”.
Niti Aayog vice chairman Rajiv Kumar has stepped down from his post after nearly five years at the helm and will be replaced by economist Suman Bery. Rajiv...
Adani Group Chairman Gautam Adani has become the world's fifth-richest person overtaking legendary investor Warren Buffett, according to Forbes data. According...
