The Life Insurance Corporation’s (LIC)'s initial public offering (IPO) is likely open in the first week of May, and the government has so far decided to...
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25th May 2022 | Updated at 08:59am 25th 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...
As the impact of Russia’s invasion of Ukraine weighs heavily on prices and supply chains, India’s economy is estimated to grow by 8.2% in the current fiscal (2022-23), sharply slower than the International Monetary Fund’s (IMF’s) earlier forecast...
Following objections by the lenders, the Reliance Industries (RIL) has abandoned its proposed deal to acquire Future Retail’s (FRL), the parent company...
Information Technology firm Tech Mahindra said it plans to create new revenue streams and add 1,000 jobs in the UK. The tech giant will collaborate with...
Tata Sons reshuffled Air India’s board and made new appointments to top management roles. Senior airline officials, who held board positions, have stepped down and will be handling management roles. These include Air India’s Director-Finance...
Samvardhana Motherson, an Indian conglomerate and major auto parts group, has partnered with US investment fund KKR to negotiate with Marelli on the terms...
Mukesh Ambani’s Reliance Industries is now weighing a possible bid for Walgreens Boots Alliance Inc’s international drugstore unit, according to people...
The Indian government has surpassed the target set for asset monetisation for the financial year 2021- 22, raising over £9.7 billion with roads, power, coal, mining and minerals accounting for a large chunk of the transactions.
India has sounded out Abu Dhabi Investment Authority, Singapore-based GIC, three Canadian pension funds and Qatar Investment Authority among other sovereign...
Jet Airways India, which is undergoing a court-monitored restructuring, plans to return with a hybrid of premium and no-frills services that would allow the former airline to claw back market share while managing costs in the fiercely competitive...
