Category: Stocks

Murthy is currently designated as the executive vice president financial controller and taxation head. February seems to be ringing a happy tune for the beleaguered telecom service provider Vodafone Idea (Vi). First came the bailout offer from the government last week that showed us that the company is too important to fail. Talks of debt refinancing and news […]

As per The Wall Street Journal, there was a potential sale in the previous month that could value Subway at over $ 10 billion. On February 14, popular sandwich chain Subway stated that it was exploring a possible sale of business since it was facing surging costs and shooting competition from deeper-pocketed rivals. As per […]

SMAS is the fifth partner to offer a range of the company’s vehicles on white plate subscription, wherein the vehicle is registered under the user’s name and hypothecated to the subscription partner, Maruti Suzuki India said in a statement. PTI February 15, 2023 / 12:06 PM IST Maruti Suzuki ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

The group is looking to repay the bridge loan with cash this month, the report said, citing people aware of the matter, adding that the loan had a tenor of six months and was part of a larger $ 5.25 billion financing package. Reuters February 15, 2023 / 10:38 AM IST Signage atop the Adani […]

Jatin Mehta (2009 photo via Wikimedia Commons) Diamond and jewelry tycoon Jatin Mehta failed to halt a UK court case which aims to recover over $ 1 billion that he allegedly swindled from over a dozen banks. The UK’s high court on Tuesday rejected the Indian magnate’s request to halt legal proceedings initiated by liquidation […]

Air India is expected to announce another deal signed with Boeing Co for about another 250 planes soon. Air India’s record aircraft deal has put the Tata Group-owned airline in the league of aspiring global carriers. On Tuesday, it provisionally agreed to acquire almost 500 jets from Airbus (AIR.PA) and Boeing (BA.N) to take on domestic and international rivals. Striking the […]

Adani group Two large companies within India’s embattled Adani Group are likely to repay their short-term commercial paper (CP) debt as they come due over the next few months, instead of rolling them over as is normal, two merchant bankers and a company official directly familiar with the matter said. The two group companies have […]

Union Minister Jyotiraditya Scindia Civil Aviation Minister Jyotiraditya Scindia on Tuesday said the Krishi Udan scheme has been a huge success and the central government is planning to include additional 21 airports under this. “At least 31 airports are under the Krishi Udan. We are speaking with MoD (Ministry of Defence) to include another 21 […]

Piaggio Vehicles Pvt Ltd (PVPL), the Indian subsidiary of Italian auto major Piaggio Group, on Tuesday announced the entry of its electric three-wheeler Ape Electrik in the Philippines for last-mile mobility. The electric three-wheeler will be manufactured at PVPL’s Baramati manufacturing facility in Maharashtra. “For Piaggio Vehicles, entry into the Philippines is a stepping-stone towards […]

Global maritime trade has fallen to a shadow of pandemic peak as high inflation and reopenings hit goods purchases Financial Times ©The Financial Times Limited 2020 https://www.ft.com/content/d739cd47-e434-43c3-9b4e-472bcef4abaf / Feb 14, 2023 / 12:13 PM IST All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or […]

An image of a hotel room. Hotels and restaurants have been flooded by enquiries for room and table bookings as Indians celebrate Valentine’s Day on February 14. From a special dining night to staycations, hotels have been preparing for higher demand and expect double-digit growth in business because of the day dedicated to romance and love. “The […]

Warren Buffett. (Image: Reuters) Lending your hard-earned cash to a company for free, sounds like a bad deal (for you) — particularly when it can park the money at a bank and pocket the interest itself. But, in fact, customers do this willingly all the time when they pay in advance for goods and services or entrust […]

While Argentina’s requirement is 15 aircraft, Egypt wanted a fleet of 20 LCAs, Ananthakrishnan told a press conference on the sidelines of Aero India 2023, Asia’s largest air show underway at Air Force Station, Yelahanka here. PTI February 14, 2023 / 01:52 PM IST (Representative Image) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

The commercial vehicle industry volume is expected to grow in the range of 7-10 per cent in the next financial year, rating agency Icra said on Tuesday. The volume growth would be on account of government infrastructure spending, replacement demand, back-to-school and office scenarios and e-commerce expansion, it noted. The growth will, however, moderate from […]

(Representative Image) Apple Inc is facing challenges as it tries to increase production in India, the Financial Times reported on Tuesday, citing people familiar with the iPhone maker’s operations. The Cupertino, California-based company has been shifting production away from China after the country’s strict COVID-related restrictions dented supply chains across industries and as trade and […]

Metal processing at Kyowa Seiko in Takatsuki, Osaka Prefecture, Japan. Next Generation Technology Group, the Tokyo-based firm founded in 2018 by a group of bankers and consultants with little exposure to the factory floor, purchased Kyowa Seiko last month promising to keep all 30 employees. (Source: Bloomberg) In the quest to lead global innovation, countries […]

On the back of its $ 71 million purchase of spice producer Badshah Masala Pvt Ltd. in October, the 139-year-old firm, which sells traditional Ayurvedic medicine and herbal products including toothpaste and shampoo, is evaluating other targets in health, food and personal care in those markets, Chief Executive Officer Mohit Malhotra said. February 14, 2023 […]

Finland’s Salcomp, a supplier to Apple, plans to double its workforce in India to 25,000 over the next three years, targeting annual revenue in the country of at least $ 2 billion to $ 3 billion by 2025, a top company executive said on Monday. The plans come as Apple shifts production away from China […]

Yes Bank Ltd (YBL) had claimed a default of Rs 468.99 crore by the Essel Group company. PTI February 13, 2023 / 12:37 PM IST Yes Bank ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ […]

RateGain has a cash-rich balance sheet to support M&A and several of its products are yet to be fully sweated, providing ample growth opportunities amid a boom in travel and tourism sector (Representative image: AFP) PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  […]