Reliance Communications (RCom) said its lenders have rejected the resignation of chairman Anil Ambani and four other directors, and asked them to cooperate in the ongoing corporate insolvency resolution process
-
10th May 2024 | Updated at 02:23pm 10th May 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 Union cabinet approved strategic stake sale in five state-run companies, including fuel retailer BPCL, Shipping Corporation of India, power companies THDCIL and NEEPCO and logistics firm Concor, a move which will help the government raise...
The government is planning to offer incentives to 324 companies, including Tesla Inc. and GlaxoSmithKline Plc, to set up factories in India in a bid to...
State-owned banks reported frauds of over £9.57 billion from April to September this year, finance minister Nirmala Sitharaman told the upper house of parliament, as the government struggles to help banks recoup losses.
India’s oil demand will increase double folds to more than 9 million barrels per day, marking the largest absolute consumption growth for any country, and its dependence on imports will rise to 90% by 2040, according to the International Energy...
Vodafone-Idea, India’s second-largest telecom company, may be headed for liquidation unless the government eases off on demands for mobile spectrum fees,...
A day after Reliance Communications announced its biggest loss ever, chairman Anil Ambani and some of the directors have resigned from their positions, the telecom company said in a regulatory filing
The Supreme Court last week paved the way for Steel baron Lakshmi Niwas Mittal led ArcelorMittal to takeover of the bankrupt Essar Steel from the Ruias...
India's Finance Minister Nirmala Sitharaman said that the government plans to wrap up sale Air India and Bharat Petroleum Corporation Limited (BPCL) by March 2020.
Global ratings agency Moody's Investors Service lowered India’s sovereign credit rating outlook to negative from stable, citing rising risks to economic growth and increased probability of a more entrenched slowdown due to prolonged financial...
