Govt officials are discussing a proposal to increase the foreign direct investment (FDI) limit for insurance to 100%, from the current 74%, a move which has the backing of the regulator, but will need political clearance since it involves an...
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13th Oct 2024 | Updated at 04:39pm 13th Oct 2024
Bajaj Housing Finance shares surge 136% on debut
Shares of Bajaj Housing Finance, one of India's biggest mortgage providers, shot up by as much as 136 per cent to Rs 165 during its trading debut on India's stock exchanges on Monday, after the $782 mn offering drew bids for more than 67 times...
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,...
Maruti Suzuki India announced that it has commenced exports of Made-in-India Fronx to Japan, making it the first SUV from the company to be manufactured in India and launched in Japan.
India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China.
Within weeks of Sir Keir Starmer’s general election victory, Sunil Bharti Mittal, a self made Indian billionaire, had the opportunity to congratulate the PM on his new job. Mittal was among a group of senior business luminaries invited to meet...
The Deputy Managing Director of the International Monetary Fund (IMF), Dr Gita Gopinath, has said that she is hopeful of India becoming the third-largest economy by 2027.
Reserve Bank of India has decided to keep policy rates on hold for the ninth consecutive time, citing strong demand and the need to maintain inflation’s declining trajectory. The central bank said that there is a need to remain vigilant amid...
Investors pulled a record amount of cash out of China in the second quarter of this year amid concerns about the health of the world’s second-largest economy, official data showed.
In volatile trades on Monday, the sensex closed a marginal 57-point lower at 79,649 points as investors on Dalal Street mostly discounted US short-seller Hindenburg Research’s report that alleged conflict of interest on part of Sebi chief Madhabi...
Adani Enterprises, the flagship of the Adani Group, plans to launch a $1-billion share sale by mid-Sept, reports said.The offering of existing shares will mark Adani Enterprises’ return to the capital market after it withdrew a $2.5-billion...
At $460 billion, business interests of India's three wealthiest families’ put together are worth as much as Singapore’s GDP.
