Economic Times
The private equity investors Jacob Ballas and International Finance Corporation are selling their stake by exercising a put option. The stake sale val
India's FMCG market growth decelerated to 4% in the April-June quarter, down from 12.2% the previous year. The slowdown was influenced by price reduct
In July, Hyundai Creta surpassed Tata Punch as India's best-selling SUV with 17,350 units sold. The Tata Punch saw significant growth but managed 16,1
IATA opposed India's GST on foreign airlines' branch offices, stating it conflicts with global norms and could harm India’s aviation potential. Airl
MakeMyTrip and Cleartrip noted a significant rise in early bookings for Diwali travel. Train tickets on popular routes are rapidly filling up, and air
Indian consumer goods companies have paused their operations in Bangladesh following violent protests that led Prime Minister Sheikh Hasina to flee. M
Vedanta expects to save ₹1,000 crore annually in interest costs after utilizing proceeds from a recent ₹8,500 crore fund-raising to repay debt. Th
Power Finance Corporation (PFC) reported a 24% increase in net profit for the quarter ending June, reaching ₹3,718 crore. The company's interest inc
IndiGo's chief executive Pieter Elbers on Monday said a customised business class offering would be introduced in the middle of November which will co
Indian exporters noted that Bangladesh's political unrest might temporarily redirect garment orders to India. Recently, Sheikh Hasina resigned amid pr
Tata Power formed a partnership with Druk Green Power Corporation Limited for a 600 MW hydropower project in Bhutan. With a 40% equity stake, the esti
Mahindra & Mahindra has seen its services sector contribute around 30-40 percent to profits. With further growth in Mahindra Finance and Tech Mahindra
Coal India Ltd and GAIL (India) Ltd have agreed to establish a coal-to-synthetic natural gas plant in Raniganj, West Bengal, using surface coal gasifi
The government has directed state-run banks to help regional rural banks (RRBs) upgrade their technology and join the National Payment Corporation of
In Q2 2024, India's 5G smartphone shipments increased by 56% YoY, reaching a 79% market share, as reported by CyberMedia Research. Vivo topped the seg
The Department of Space allocated an additional 20 MHz spectrum in the 2500 MHz band for mobility, aiding Vodafone Idea (Vi) by offering a contiguous
Bharti Airtel has increased its 5G user base to 90 million, with no significant dropouts despite a tariff hike. A slight consolidation in 2G SIM users
The Indian government is exploring financial support for local shipping container production to address a shortage and rising costs exacerbated by the
Tata Passenger Electric Mobility and JSW-MG Motor India partnered with Tata Power Renewable Energy and launched initiatives to solve EV charging issue
Fourth Partner Energy Ltd. in Hyderabad received a $275 million investment from IFC, ADB, and DEG. With existing stakeholders Norfund and TPG Global,
