Three digit aircraft will be installed within the next 75 days', stated Vinay Dube, co-founder and CEO of Akasa. Though rumoured to be seeking $400 million, the airline asserts that it has sufficient cash on hand to order the aircraft by year's...
-
20th Apr 2024 | Updated at 09:49am 20th Apr 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...
Reliance Industries is nearing a cash and stock deal to buy Walt Disney’s India operations, according to people familiar with the matter. The US entertainment giant may sell a controlling stake in the Disney Star business - which it values at...
The RBI is threatening to punish ICICI Bank a record amount of over £1.22 million for violating lending laws and failing to report fraud. The amount charged against ICICI Bank exceeds the fine of £1 million that was imposed against HDFC Bank...
Adani group has raised $3.5-billion from 10 global banks to refinance debt used to purchase Ambuja Cements and ACC, in a sign that the company is moving past the Hindenburg crisis. The refinancing will result in an overall cost saving of $300...
For a total acquisition value of £1.28 billion, Suzuki Motor Gujarat Private Limited (SMG), owned by parent Suzuki Motor Corporation, would be acquired by Maruti Suzuki (MSIL), the largest automobile manufacturer in India. Within the first quarter...
Joining fellow American Apple, South Korean manufacturer Samsung and leading Chinese manufacturers Vivo, Oppo, and Xiaomi in the "Made in India" initiative, Google will begin producing Pixel smartphones in India.
Morgan Stanley has increased the overweight stance on India as the most-preferred emerging market (EM). Relative economic/earnings growth is improving, and the macro-stability setup looks sufficient to withstand the higher real rate environment....
Tata Motors' plans to construct a flagship battery factory in the UK to supply Jaguar Land Rover's electric vehicles, according to people briefed on the Indian group’s plans. According to multiple sources, Tata, the owner of JLR, has selected...
Vimal Kapur, who has more than three decades of expertise managing the diverse manufacturer's numerous operations, will succeed Darius Adamczyk as CEO, according to Honeywell International.
The promoters of Vodafone Idea plan to invest roughly £200 million in the business, sources said. The choice was made shortly after the government agreed to convert the outstanding interest on future statutory payments into stock, making it...
