Boston-based startup Thrasio, a global leader in acquiring and scaling up third-party sellers on online marketplaces such as Amazon, will shift a significant chunk of its manufacturing to India from China as it steps into the country’s booming...
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18th May 2024 | Updated at 10:38pm 18th May 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 government of India is set to receive ownership in two private telecom companies – the debt-laden Vodafone Idea and Tata group’s Tata Teleservices...
Indians are creating unicorns not just in India, but in the US too. A study finds that 90 out of 1,078 founders across 500 US unicorns (valued at over $1 billion each) were born in India. The data covers US unicorns between 1997 and 2019. According...
Sanjiv Mehta, chairman and managing director, Hindustan Unilever Limited (HUL) will be appointed as the President of Federation of Indian Chambers of Commerce...
The Mumbai bench of National Company Law Tribunal (NLCT) admitted the petition moved by the Reserve Bank of India (RBI) to initiate insolvency proceedings against Reliance Capital under Section 227 of the Insolvency and Bankruptcy Code (IBC).
SpiceJet said it is hopeful of a favourable outcome in its proposed appeal against a winding up petition ordered by the Madras High Court. The High Court on Monday ordered winding up of the airline on a petition filed by Credit Suisse over unpaid...
Jet Airways, which is preparing to relaunch operations next year, said it is in “advanced discussions” with Boeing and Airbus for buying and leasing planes....
The Reserve Bank of India superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults...
Reliance Industries has denied it wants to make an offer for BT after an Indian newspaper reported it was interested in the UK telecoms group. Reliance...
India's economic growth is expected to rebound strongly in the next financial year, credit rating agency Moody's has said. It has pegged the gross domestic...
