Foreign equity inflows in India shot up 40% to $52.9 billion with gross FDI rising over 22% to $67.5 billion during April-December 2020 on the back of deals in the digital space, such as those involving Reliance Jio. Net inflows were estimated...
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19th Apr 2024 | Updated at 09:06pm 19th 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...
Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said last week that,“There is no dialogue with Tesla....
L N Mittal, the Indian-origin promoter of Luxembourg-based Arcelor Mittal Group, met Prime Minister Narendra Modi during his visit to the Statue of Unity...
Global ratings agency Moody’s expects India’s economy to grow by 13.7% in 2021-22, higher than its previous estimate of 10.8% expansion as economic activity gathers pace.
Prime Minister Narendra Modi underlined the importance of public sector entities in the financial sector, while pointing to the need to promote private...
Union finance minister Nirmala Sitharaman expressed confidence that the disinvestment target set in the union budget 2021-22 is realistic and achievable. The government has set a disinvestment target of £17.5 billion for 2021-22. Accepting that...
Growth returned to the Indian economy in the October-December quarter of 2020-21 helping it to move out of the recession that had gripped following one...
Telecom operators on Monday placed bids worth £7.71 billion in India’s first 4G spectrum auction in more than four years against the government’s expectation...
Almost two years after India’s oldest private airline was grounded, Jet Airways may be able to fly again by July or August of this year, the potential new owner of the airline said. Murari Lal Jalan, the lead member of the Jalan-Kalrock consortium,...
The government of India made some headway in its latest attempt to divest in helicopter PSU Pawan Hans, while the RailTel IPO was subscribed over 42 times. “Multiple expressions of interest have been received for privatisation of Pawan Hans.
