The government said consultations were underway with the states and industry to assess the impact of the second wave and the lockdown imposed by several states but it was yet to decide on a stimulus package. “The process of consulting states...
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25th Apr 2024 | Updated at 05:20am 25th 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...
SBI has reported its highest ever net profit of £645.1 million for the quarter ended March 2021 - an increase of 80% over £358.1 million in the corresponding period last year. The bank also reported its highest ever full year net profit of £2.04...
Gautam Adani, the chief of the infrastructure-to-renewable energy conglomerate and the second-richest Indian, is now the second-richest Asian too, behind...
The Reserve Bank of India (RBI) has approved a £9.91 billion dividend payout to the government for an accounting period of nine months ended March 31,...
India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc on grounds that it had never agreed...
The Reserve Bank of India (RBI) has shot down suggestions of a fresh suspension of the Insolvency & Bankruptcy Code (IBC) due to the second wave of Covid,...
After flying for 17 years as ‘GoAir’, owner Nusli Wadia, in an abrupt move, changed the carrier’s brand to ‘Go First’. The rebranding was initiated ahead...
Vaccine maker Biological E is gearing up to churn out 75-80 million doses per month of its recombinant protein vaccine candidate from August this year. The company also says it will be one of the most affordable vaccines in the country. Biological...
The second wave of Covid has posed a downside risk to economic activity in the first quarter of the current fiscal year, but there are reasons to expect a muted economic impact as compared to the first wave, a finance ministry report said. “Learning...
