Chennai (IANS) Indian Overseas Bank (IOB) has asked the Union Bank of India to buy its 35 per cent holding in India International Bank, Malaysia, a top IOB official said on Tuesday. The India International Bank was originally a three-way joint … read more
New Delhi (IANS) India is navigating through tough times, however, its economic prospects appear to be promising over the medium term, Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa said. Addressing the company’s shareholders through Maruti Suzuki’s ‘Annual Integrated Report … read more
New Delhi (IANS) The National High Speed Rail Corporation Limited (NHSRCL) on Saturday said it has cast the first full height pier on the 508-km Mumbai-Ahmedabad High Speed Rail (MAHSR) project, popularly known as the Bullet Train project. NHSRCL Spokesperson Sushma … read more
New Delhi (IANS) Favourable global trade outlook is expected to accelerate India’s export growth, said India Ratings and Research (Ind-Ra). Ind-Ra said that India’s exports, which have been languishing for quite some time, can take advantage of the favourable trade growth … read more
Chennai (IANS) The Hinduja group’s electric vehicle company Switch Mobility Ltd will roll out its electric (E) buses and light commercial vehicles (LCV) from the group’s UK and Indian plants, said top group official. He also said group company Ashok Leyland … read more
United Nations (IANS) The Delta variant-spurred Covid-19 second wave has shaved off 3 per cent from the International Monetary Fund’s (IMF) previous projection for India’s economic growth for fiscal year 2021-22, pegging it now at 9.5 per cent, but the country … read more
New Delhi (IANS) India registered a manifold raise in import of gold during the first three months of FY22 on a year-on-year basis, to nearly $7.9 billion. This rise in gold imports can be attributed to low imports during the same … read more
New Delhi (IANS) Jio’s gross subscriber additions, though down 14 per cent QoQ, were still healthy at 26.7 million due to continued traction on new JioPhone offer, foreign brokerage, Jefferies said in a report. This along with lower churn, resulted in … read more
Mumbai (IANS) Stocks of online food delivery platform Zomato made a stellar debut on the stock markets with market valuation crossing the Rs 1 lakh crore mark during the initial hours of trade on the first day. At the end of … read more
New Delhi (IANS) In a major development for the country’s steel sector, the Union Cabinet on Thursday approved a production-linked incentive (PLI) scheme for manufacturing of specialty steel, with an outlay of Rs 6,322 crore. An official statement said that … read more