Tesla will send a team to scout locations in India this month for a proposed $2 to $3 bn electric car plant, according to two people with direct knowledge of the company’s plans.
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26th Apr 2024 | Updated at 02:12pm 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...
The World Bank forecasts India's output growth to reach 7.5 per cent in FY24, driven by resilient activity in services and industry. However, growth is expected to moderate to 6.6 per cent over the medium term. The expected slowdown mainly reflects...
Adani Green Energy Limited (AGEL) has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid. AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and...
The current account deficit in India narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion - 2% of GDP - recorded...
Global ratings agency S&P estimates India’s GDP growth to moderate to 6.8% in 2024-25 after a better than expected 7.6% growth in 2023-24.
Billionaire brothers Sudhir and Samir Mehta pledged to donate £500 mn to a slew of social causes on their father and Torrent Group founder’s birth centenary on Sunday. The Mehtas join the ranks of other billionaires who have committed large...
Growth in India's core sector rose to a three-month high in Feb, led by double-digit expansion in three of eight segments but the fertiliser sector contracted for second consecutive month.
Adani Ports will buy Shapoorji Pallonji Group’s Gopalpur Port in Odisha for an enterprise value of £308 million, adding to its pan-India network and enhancing its cargo volume.
In a ‘power’ deal, Mukesh Ambani's Reliance Industries will purchase 26% stake in Mahan Energen, a wholly owned subsidiary of Gautam Adani's Adani Power for £5 million and will source 500 megawatt of electricity from the Madhya Pradesh plant...
GST revenue for March saw the second highest collection ever at £17.8 billion, seeing a 11.5% year-on-year growth. This surge was driven by a significant rise in GST collection from domestic transactions at 17.6%.
