Indian health insurer Niva Bupa is planning to raise $360 million in an IPO, potentially valuing the business at up to $2.5 billion, according to sources, the latest company to cash in on a stock market surge.
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 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...
Indian health insurer Niva Bupa is planning to raise $360 million in an IPO, potentially valuing the business at up to $2.5 billion, according to sources, the latest company to cash in on a stock market surge.
Vodafone Group has sold a bigger-than-planned 18% stake in India’s Indus Towers, raising $1.8 billion (over £1.5 bn) that will serve to reduce its debt, the British telecom group said.
Coca-Cola India is planning to sell a part of its wholly-owned bottling business, Hindustan Coca-Cola Beverages (HCCB), for which it has approached the promoters of at least four top Indian business families, reports said.
Global ratings agency Fitch expects the Indian economy to expand by 7.2% in FY25, slightly higher than the earlier estimate of 7%. It also sees investments continuing to rise but slower than in recent quarters and consumer spending recovering...
Adani Group will invest more than $100 billion in energy transition projects, upping its earlier commitment of $70 billion by 2030.
Gross direct tax collections have increased 22.2% to £51.59 bn during the fiscal year up to June 17, providing cushion to the Centre to take on higher spending. Latest data released by the finance ministry estimated a 27.3% growth in advance...
Reliance Jio has received approval from the Indian space regulator to launch satellite-based Internet services in India. According to reports, the authorizations were granted in April and June by the Indian National Space Promotion and Authorization...
India's retail inflation eased slightly to a 12-month low in May with prices of some food items moderating marginally, while the index of industrial production (IIP) growth held steady at 5% level in April.
Finance minister Nirmala Sitharaman said the Modi govt intends to move on the reforms path to boost macroeconomic stability and growth, amid indications that the Union Budget will be presented around the third week of July, with consultations...
Korean car major Hyundai Motor is looking to sell around 17% stake in its Indian arm through an initial share sale (IPO), which may be India’s biggest issue so far, to raise as much as £2,5 billion, valuing the company at around £15 bn. With...