India's oil ministry has drawn up plans to carve up ONGC, the country’s largest explorer into smaller entities, sell stake in its major producing and upcoming...
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24th Apr 2024 | Updated at 06:29am 24th 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...
Union minister Nitin Gadkari has suggested Tesla to start its manufacturing facility in India so that it “doesn’t miss a golden opportunity”. Sources said the minister has told the company not to “undermine” the capability of Indian manufacturers...
Amid surging coronavirus cases in India, finance minister Nirmala Sitharaman made it clear that the government would not go for lockdowns in a big way...
Tata Sons has sold its remaining 30% in the business process management (BPM) unit Conneqt to Quess Corp - majority owned by Indian-Canadian businessman...
The Reserve Bank of India released names of eight entities that had put in an application for either a universal bank or a small finance bank (SFB) licence....
Citi’s decision to quit the Indian market has thrown up an opportunity for domestic private banks that are looking to scale up their credit card business....
India has emerged as the fastest growing market in Asia for the US' Levi Strauss & Co. For the first quarter of 2020-21 that ended February 28, the company’s sales in India grew ahead of the same period in 2019, Harmit Singh, global CFO at Levi...
The Reserve Bank of India (RBI) has announced a government securities acquisition programme (G-SAP) where it has committed to buy bonds worth £10 billion in the first quarter. This unprecedented step has been taken to keep interest rates in...
Sparring telecom companies Airtel and Reliance Jio came together for a near £150 million spectrum trading deal as the mobile operators took steps to rationalise...
The International Monetary Fund (IMF) raised India’s growth projections for 2021-22 to 12.5% from its January estimate of 11.5%, making it the fastest...
