Indian officials have cooled hopes of a Tesla production unit in the country as executives of the Elon Musk-led electric vehicle maker have stopped contacting them, reports said.
-
27th Jul 2024 | Updated at 06:32am 27th Jul 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 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...
Infosys CEO Salil Parekh has agreed to pay Rs 25,00,000 as settlement charges for failing to put in place adequate internal controls to comply with Sebi’s rules to prevent insider trading.
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...
GST collections grew 7.7% in June to £17.4 bn, first time in three years when monthly mop-up rose at single-digit rate.During the month, based on transactions in May, central GST collections are estimated to have increased 3.4% to £3.20 bn,...
Adani Airports will chart the next decade with £17.5 bn infusion. The investment will be managed by Adani Airports Holdings, which runs seven airports across the country. Adani Airports is also building the Navi Mumbai airport, which is expected...
Pharma major Dr Reddy’s Laboratories is set to buy British consumer healthcare giant Haleon’s nicotine replacement therapy (NRT) portfolio, excluding the US business, for a 500 million pounds.
India is looking to tap funds from the UK, Saudi Arabia and Japan to finance the mega infrastructure ambition, with new structures to route the funds being discussed.
