LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Dec 07, 2024, at 01:14 am
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Dec 06, 2024, at 11:30 pm
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Vodafone Idea to consider Rs 2,000 crore equity raise on December 9, eyes tariff adjustments
Dec 06, 2024, at 10:08 pm
Mumbai: Vodafone Idea announced it will consider raising up to Rs 2,000 crore through a preferential equity issuance to a promoter entity during a board meeting scheduled for Monday, December 9, media reports said.
RBI keeps repo rate unchanged at 6.5%, slashes CRR to 4 percent
Dec 06, 2024, at 04:47 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
Finance Minister Nirmala Sitharaman to start pre-Budget consultations
Dec 06, 2024, at 05:13 am
New Delhi: Finance Minister Nirmala Sitharaman will start pre-Budget consultations with various stakeholders on Friday as part of preparations for the Union Budget 2025-26.
RBI to announce key interest rate decision tomorrow morning as 3-day MPC ends
Dec 06, 2024, at 04:37 am
Mumbai: The Reserve Bank of India (RBI) is set to announce its interest rate decision on Friday morning following the conclusion of a three-day meeting of the Monetary Policy Committee (MPC), amid persistent inflation and sluggish GDP growth.
Dec 06, 2024, at 04:20 am
Procter & Gamble has revamped its supply chain for the ultra-thin stainless-steel strips used in its Gillette razors, shifting sourcing to India, Reuters reported.
Gas IndeX of India shows stability in November amid rising international gas prices
Dec 05, 2024, at 06:06 am
New Delhi: The Gas IndeX of India (GIXI) for November 2024 stood at Rs 1,103 ($13) per MMBtu, largely unchanged from the previous month.
Dec 05, 2024, at 05:36 am
Amravati: The Andhra Pradesh CID has filed an FIR against three people based on a complaint by Karnati Venkateswara Rao, former chairman and managing director (CMD) and shareholder of Kakinada Seaports Ltd (KSPL), media reports said.
Bharti Airtel extends 4G and 5G contracts with Ericsson in multi-billion-dollar deal
Dec 05, 2024, at 04:29 am
Mumbai: Bharti Airtel, India’s second-largest telecom operator, has entered a multi-year, multi-billion-dollar agreement with Swedish telecom equipment maker Ericsson to extend its 4G and 5G contracts, according to a press statement issued on Wednesday.
India's service PMI strong at 58.4 in Nov despite decade-high price surge
Dec 05, 2024, at 04:03 am
New Delhi: India's services sector maintained robust growth in November despite facing the sharpest price rise in over a decade, according to a business survey.
RBI's MPC meeting begins amid inflation worries
Dec 04, 2024, at 10:59 pm
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting in Mumbai today to review the country's policy rate.
Dec 04, 2024, at 10:45 pm
New Delhi/IBNS: In a significant development that could reshape India's electric vehicle (EV) landscape, Chinese automaker BYD is positioning itself to silently dominate the country's rapidly growing EV market.
Reliace's Viacom18 officially acquires jiohotstar.com domain name
Dec 04, 2024, at 10:38 pm
Mumbai: Viacom18 Media Pvt Ltd, a subsidiary of Reliance Industries, has officially acquired ownership of the domain jiohotstar. com, concluding a prolonged period of legal and commercial disputes, Business Standard reported.
IndiGo files lawsuit against Mahindra Electric over ‘6e’ trademark dispute
Dec 04, 2024, at 06:17 am
New Delhi: IndiGo has filed a lawsuit against Mahindra Electric Automobile in the Delhi High Court, alleging trademark infringement over the use of its ‘6e’ mark in Mahindra’s upcoming electric car, the Mahindra BE 6e, slated for launch in February 2025, media reports said.
Hindustan Unilever's Vim brand to cross Rs 3,000 cr in sales
Dec 04, 2024, at 04:53 am
Mumbai: Hindustan Unilever’s (HUL) Vim brand, a leader in the dishwashing segment, is poised to surpass Rs 3,000 crore in sales, media reports said.
Bank of Bhutan inks deal with TCS to modernize digital core for enhanced customer service.
Dec 04, 2024, at 03:19 am
Thimphu/Mumbai: IT major Tata Consultancy Services TCS has announced a strategic partnership with the Bank of Bhutan to modernize the bank’s digital core for enhanced customer service.
South Korean carmaker Hyundai collaborates with three IITs for batteries & electrification R&D
Dec 04, 2024, at 02:01 am
New Delhi: Hyundai Motor Group announced collaborations with three Indian Institutes of Technology (IITs) on Tuesday to develop a research framework focused on batteries and electrification.
Tata Power Renewables commissions 431 MW DC solar in Madhya Pradesh’s Neemuch
Dec 03, 2024, at 11:00 pm
Mumbai: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has successfully commissioned the 431 MW DC solar project at Neemuch in Madhya Pradesh.
Swiggy Q2FY25 consolidated loss narrows to Rs 626 cr
Dec 03, 2024, at 10:54 pm
Mumbai: Indian food and grocery delivery platform Swiggy announced a reduced quarterly loss on Tuesday, driven by strong order growth in its food delivery and quick commerce segments, media reports said.
Sri Lanka: Ather Energy opens its first Experience Centre in Colombo
Dec 03, 2024, at 03:35 pm
EV two-wheeler major Ather Energy Limited has opened its first Experience Centre, Ather Space, in Colombo, Sri Lanka.
Kolkata: Primarc and RDB Group to buy business undertaking of DLF Techpark 1 for Rs. 638 crores
Dec 03, 2024, at 06:05 am
Primarc and RDB Group recently announced that their affiliate, RDB Primarc Techno Park LLP, has executed definitive agreements to purchase the business undertaking of DLF Techpark 1 from DLF Infocity Developers (Kolkata) Ltd., a wholly owned subsidiary of DLF Cyber City Developers Ltd. for an aggregate consideration of Rs. 638 (six hundred thirty-eight) crores approximately on a slump sale basis.
Mahindra Auto sells 46222 SUVs in November
Dec 02, 2024, at 11:31 pm
Automobile major Mahindra & Mahindra Ltd. (M&M Ltd.) on Monday announced that its overall auto sales for the month of November 2024 stood at 79083 vehicles, including exports.
Cochin Shipyard shares jump 5% after bagging Rs 1,000 crore defence contract
Dec 02, 2024, at 08:16 pm
Mumbai/IBNS: Cochin Shipyard's shares continued their upward trajectory on Monday (Dec. 2), rising for the seventh consecutive session.
GST collections in November rise 8.5% to Rs 1.8 lakh crore
Dec 02, 2024, at 07:32 pm
New Delhi/IBNS: Goods and Services Tax (GST) collection for November rose by 8.5 percent to Rs 1,82,269 crore, marking the fourth-highest figure since the implementation of the new tax regime over seven years ago.
Trump threatens BRICS nations with 100% tariffs over plans for new currency
Dec 01, 2024, at 06:49 am
Washington DC: US President-elect Donald Trump on Saturday issued a stern warning to BRICS nations, demanding they commit not to create or support a new currency to replace the US dollar or risk facing 100% tariffs, Reuters reported.
Declining wages in India hit economic growth
Nov 30, 2024, at 05:35 am
New Delhi: India witnessed a contraction in wages last quarter for the first time since the pandemic, slowing the economy as consumers reduced spending amid a corporate profit slump, reported Bloomberg News.
Adani CFO denies U.S. bribery allegations, says accused will respond within 10 days
Nov 30, 2024, at 04:12 am
Mumbai: Dismissing allegations of a $265 million bribery scheme by U.S. authorities against the Adani Group's executives, including Chairman Gautam Adani,conglomerate's Chief Financial Officer Jugeshinder Singh Friday stated that the individuals implicated would respond to the claims within 10 days, Reuters reported.
India's fiscal deficit reaches 46.5% of the FY25 target
Nov 30, 2024, at 02:00 am
New Delhi: India's fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.
India's GDP growth slows to seven-quarter low of 5.4 percent
Nov 29, 2024, at 11:58 pm
India's gross domestic production (GDP) has slowed down to 5.4 percent year-on-year in the July-September quarter of the current financial year 2024-25, as per government data released on Friday.