Reliance Industries said it has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit.
-
18th Apr 2024 | Updated at 01:28am 18th 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...
The World Bank has raised India's growth forecast to 10.1 per cent for the next financial year 2021-22, compared to the earlier estimate of 5.4 per cent.
India's oil ministry will seek tens of millions of dollars from Vedanta’s Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block licence...
Public sector banks in India that were not part of the consolidation process are going slow on their plans to monetise assets as part of their capital-raising efforts. These banks have decided to wait and see whether they are candidates for...
GST collections in March touched a record high of over £12. 3 billion, a 27 per cent growth over the year-ago period, India's Finance Ministry said. "GST...
India’s exports shot up by over 58% to $34 billion in March, led by a jump in engineering, garments, iron ore and pharma, while imports rose 53% to $48...
UK’s Cairn Energy plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets...
In a huge relief to both big and small borrowers, the Supreme Court ruled that waiver of interest on interest would apply to loans of all amounts in the six-month moratorium period from March 1 to August 31 last year during the Covid-19 pandemic...
In a big win for Tata Sons, the Supreme Court backed the removal of Cyrus Mistry as the chairman of the over $100 billion salt-to-software Tata Group in...
Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than...
