In a surprise development, Amazon, Biyani Group and Reliance Retail, have engaged in a multi-forum litigation for control of Future’s retail empire, agreed to attempt a settlement after the Supreme Court warned that a judicial verdict could...
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25th May 2022 | Updated at 08:41am 25th May 2022
After re-entry, Ford to exit India again
Ford Motors did a U-turn in only three months, announcing that it’s giving up on EV manufacturing in India (for exports), despite making the cut for benefits under the government’s production-linked incentive (PLI) scheme. It is believed that...
Maruti to set up new manufacturing plant in Sonipat
Maruti Suzuki will spend £1.1 bn to set up a new manufacturing facility in Haryana, its third in the state and spread over an 800-acre area, as India's largest carmaker looks to add a fresh 10,00,000 units to its capacity from the location over...
Reliance Industries has agreed to acquire 50.1% stake in Sanmina SCI India for £167 million, strengthening its play in electronics manufacturing. The remaining...
Travel industry veteran Sanjiv Kapoor has been appointed as the new chief executive of Jet Airways by the Kalrock-Jalan consortium, the grounded airlines’...
Months after handing out the majority ownership to the government in lieu of statutory interest payments, beleaguered Vodafone Idea announced a fund-raise...
The government has appointed Madhabi Puri Buch as the chairman of markets regulator Sebi with an initial term of three years. Buch, the first woman to be a whole-time member at Sebi, will now be the first woman to lead a financial regulatory...
Former NSE Group Operating Officer Anand Subramanian, who was arrested by the Central Bureau of Investigation earlier on February 25, was the mysterious Yogi who guided the actions of former CEO Chitra Ramkrishna, CBI sources said. Sources said...
The Gujarat plant of Japanese carmaker Suzuki Motor could be used to manufacture electric cars for both Maruti and Toyota, a top Maruti Suzuki official said. Suzuki, which is the parent of Maruti Suzuki, has been selected for benefits under...
LIC has started its roadshows to attract investors across the globe. The aim is to get the attention of big-ticket investors seeking their participation...
Swiggy, which is in the process of making the transition from a food-ordering and delivery company to a digital convenience platform, is set to take its drone-led delivery ambitions to the next level.
Reliance Retail could be taking over around 500 stores that are operated by Future Retail (FRL), parent company of hypermarket chain Big Bazaar among others,...
