Mumbai (IANS) Deloitte Touche Tohmatsu India LLP, KPMG and five others are in the race for be the transaction advisor during the proposed strategic sale of the IDBI Bank. The other bidders in the fray are EY, ICICI Securities, JM … read more
Mumbai (IANS) India’s foreign exchange reserves rose by $9.427 billion, during the week ended July 30. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves had decreased to $620.576 billion from $611.149 billion reported for the week … read more
New Delhi (IANS) Gas transmission utility GAIL (India) has reported a big jump in its profitability during the first quarter of current financial year, on the back of overall improvement in operational parameters with higher margins in gas marketing and … read more
Mumbai (IANS) Adani Green Energy Ltd (AGEL) on Wednesday reported a nearly 9-fold growth in its consolidated net profit for the April-June period, at Rs 219 crore. During the same period of last fiscal, the company had reported a net … read more
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