The £1.83 billion IPO for One97 Communications, the parent of Paytm, was subscribed nearly twice the offer size when it closed on Wednesday last. While...
-
18th May 2024 | Updated at 07:50pm 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 Indian capital market is set to witness one of the busiest fortnights in its history as six companies have lined up to raise about £3.14 billion by November 10. The six issues include the one from tech-enabled payments major One 97 Communications,...
Indians paid nearly £970 million in the form of fees hidden in inflated exchange rates while making remittances in 2020. This is more than a third (36%) of the total fees of £2.63 billion that Indians paid for sending money across their country’s...
The government reappointed Shaktikanta Das as the governor of the Reserve Bank of India (RBI) for a period of three years from December 20, 2021, or until further orders. Completion of the term would make Das the longest serving governor in...
The Amazon-Future battle over the Reliance Retail deal has yet again reached the Delhi high court, with the Future Group seeking a stay on an interim order...
The £1.83 billion mega IPO of Paytm’s parent One97 Communications will open on November 8 and close on the 10th. The company cleared the last hurdle for...
The government signed the share purchase agreement (SPA) with Tata Group for Air India’s divestment, sticking to the timelines that aim at transferring the airline to its new owner by the end of this fiscal. The £1.8 billion deal, which will...
Reliance Industries (RIL) reported a 46% rise in quarterly profit, helped by higher price realisations in its oil-to-chemicals (O2C), digital services...
In a double win for Amazon, the Singapore International Arbitration Centre (SIAC) has rejected Future Retail’s (FRL’s) plea to lift the interim stay on...
Markets regulator Sebi has cleared the £1.66 billion initial public offer of One97 Communications, the parent company of Paytm. This would make the IPO...
