India has reported the highest foreign direct investment (FDI inflow) to the tune of $83.57 billion for the financial year 2021-2022, the Ministry of Commerce and Industry said, adding the country's foreign investment inflows increased 20-fold...
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1st Jul 2022 | Updated at 10:00am 1st Jul 2022
New private airline ‘Akasa’ to be launched soon
One more private airline in India will soon be launched. Billionaire investor Rakesh Jhunjhunwala backed airline Akasa will take to the skies from July-end and ticket sales could begin by early July.
Gautam Adani pledges £6 bn for charity to mark his 60th birthday
Gautam Adani and his family has pledged to donate £6 billion to social causes to mark his 60th birthday on 24 June and to pay tribute to the 100th birth anniversary of his father, Shantilal Adani. This is the biggest philanthropic commitment...
Adani Group is now gearing up for a larger play in healthcare. Its flagship entity Adani Enterprises has set up a100% subsidiary, Adani Health Ventures, to run medical and diagnostic laboratories, research centres and other healthcare related...
India’s consumer price inflation surged to an eight-year high of 7.79% in April, 2022, breaching the Reserve Bank of India’s (RBI) so-called tolerable limit of 6% for the fourth straight month, official data showed. Food inflation, which is...
Ford Motors did a U-turn in only three months, announcing that it’s giving up on EV manufacturing in India (for exports), despite making the cut for benefits...
Maruti Suzuki will spend £1.1 bn to set up a new manufacturing facility in Haryana, its third in the state and spread over an 800-acre area, as India's...
Campbell Wilson, currently the CEO of Singapore Airlines (SIA) budget arm Scoot, has been appointed as the MD and CEO of Air India. He will bid adieu there on June 15. Tata-SIA JV Vistara's former CEO Leslie Thng will succeed him at Scoot. With...
India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5-billion consumer goods business to challenge foreign giants like Unilever, sources familiar with the plan said.
Gautam Adani-owned Adani Group announced a deal to acquire Holcim's businesses in India for $10.5 billion. The group revealed that it had entered into...
Till 2020-21 Maharashtra has been the highest exporter from among the states and Gujarat occupied the second position. But this year Gujarat surpassed Maharashtra's record by exporting goods worth £83.7 billion in the financial year 2021-22...
Indian conglomerate Reliance Industries' revenue has crossed $100 billion in fiscal 2022, becoming the first Indian company to reach the milestone this year. The Tata Group had a revenue of $103 billion in fiscal 2021. The group’s fiscal 2022...
