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...

Bajaj Auto has introduced the Freedom 125, marking the debut of the world’s first motorcycle to run on Compressed Natural Gas (CNG). This 125 cc commuter bike operates on both petrol and CNG, aiming to significantly lower operational costs for...

The Reserve Bank of India (RBI) on Monday, July 1, said the withdrawal of Rs 2,000 denomination banknotes reached 97.87 per cent as of June 28. On May 19, 2023, the central bank announced the withdrawal of the Rs 2,000 currency note denomination....

The latest spectrum auction to sell airwaves to mobile companies ended within two days, with Sunil Bharti Mittal’s Bharti Airtel buying nearly 60% of the £1.13 bn that was sold. After seven rounds of bidding, just over a quarter or 141 Mhz spectrum...

With growing smartphone exports, India is rapidly closing the gap with China and Vietnam. According to a report, mobile phone exports from China and Vietnam decreased by 2.78 per cent and 17.6 per cent respectively in FY24 compared to the previous...

UltraTech Cement, controlled by Kumar Mangalam Birla, has acquired a 23% stake in India Cements from veteran investor Radhakishan Damani for £188.5 mn. The move intensifies UltraTech’s rivalry with Gautam Adani’s Ambuja Cements and ACC as both...



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