The Abu Dhabi airline Etihad has re-entered the fray to pick up a stake in beleaguered Jet Airways and will compete with two “unsolicited bids” that were...
-
3rd May 2024 | Updated at 09:27pm 3rd 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...
Lenders to Reliance Communications (RCom) moved NCLT to appoint a new resolution professional and form a committee of creditors, the first step to begin the bankruptcy process of the Anil Ambani group company that owes close to £5 billion to...
The promotors of Essar Steel have opposed ArcelorMittal’s bid to purchase the troubled metals maker by bringing to the appellate tribunal’s notice that...
It will be tough task for the lenders of Anil Ambani’s Reliance Communications, Reliance Telecom and Reliance Infratel to recover their loans of £4.5 billion...
Payments company Mastercard said it would invest an additional $1 billion in India, nearly a third of which will go towards building a payments processing node that goes beyond its commitment to the Reserve Bank of India on storing data in the...
The Indian economy has slowed down slightly in the last fiscal due to declining growth in private consumption, slow increase in fixed investment and muted...
Tata Motors may phase out small diesel cars from its portfolio as demand is expected to slow down due to upcoming BS-VI emission norms that would make such vehicles expensive, according to a senior company official
India’s government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, two senior finance ministry officials said, even as thousands...
The City of London Corporation and Indian High Commission in London welcomed a delegation to India House in London as part of the UK-India Fintech Rocketship Programme.
Twenty of India’s Tech and FinTech scale-ups, which won the Tech Rocketship and FinTech Rocketship Awards this year, have been offered an opportunity to set up their global headquarters in the United Kingdom. Over the years, this initiative...
