After getting rapped for accepting Vedanta group's bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries approached...
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5th May 2024 | Updated at 10:51pm 5th 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...
Tata Sons, the holding company of India's largest conglomerate, and SpiceJet chief Ajay Singh are among those who submitted financial bids to acquire loss-making...
The central government approved several measures to extend a lifeline to the cash-strapped telecom sector, including a redefinition of the much-litigated concept of adjusted gross revenue (AGR) to exclude non-telecom revenue and a four-year...
The Supreme Court struck a balance between the interests of Amazon and Reliance Industries (RIL), engaged in a high stakes litigation from Singapore to Delhi over the Kishore Biyani-led group’s ‘Future Retail’. The apex court stalled the Delhi...
Jet Airways, which had gone into insolvency proceedings, will start domestic flights in India by the first quarter of 2022, while short-haul international...
The long-pending Airbus-Tata project to build 56 C-295 transport aircraft, which will replace the old Avro-748 planes of the IAF at a cost of over £2.1 billion, was finally cleared by the Cabinet Committee on Security. While 16 of the twin-turboprop...
After the exit of General Motors and Harley-Davidson, it’s now the turn of another iconic brand - Ford to quit India. Having invested over $2.5 billion in India, and with a presence since 1995, Ford ended 2020-21 selling 48,042 units to garner...
UK-based Cairn Energy said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting...
In a fresh twist in the Videocon case, the National Company Law Tribunal (NCLT) has ordered a countrywide search and freeze of the assets of Venugopal Dhoot, his wife, his company and the firm’s chief financial officer as well as company secretary.
India’s merchandise exports in August touched $33.14 billion, 45.17% higher than a year ago and 27.5% over the pre-pandemic level of August 2019, but the trade deficit widened to a four-month high driven by a sharp uptick in gold imports, as...
