Category: Business News

Indian billionaires face off in race to solar domination

CHENNAI, July 7 – Indian tycoon Mukesh Ambani’s $10 billion entry into renewable energy could drive solar tariffs further to the ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts say. India’s two richest men are vying to be at the forefront of Prime Minister […]

India’s factory activity shrinks for first time in 11 months amid COVID-19 crisis

BENGALURU, July 1 – India’s factory activity contracted for the first time in almost a year in June as restrictions to contain the deadly second wave of the coronavirus triggered declines in demand and output that pushed firms to cut more jobs, a private survey showed on Thursday. […]

Sensex jumps over 150 pts to fresh high; Nifty crosses 15,900

Mumbai, Jun 28:  Equity benchmarks Sensex and Nifty scaled fresh intra-day records in opening trade on Monday, tracking gains in heavyweights Reliance Industries, ICICI Bank and HDFC. After touching a lifetime high of 53,126.73, the 30-share BSE index was trading 142.85 points or 0.27 per cent higher at […]

Explainer: Mystery behind slump in India’s Adani Group company shares

CHENNAI, June 18 – Shares of companies controlled by Indian billionaire Gautam Adani are set to record their biggest weekly losses ever. The six stocks cumulatively lost nearly 2 trillion Indian rupees ($26.98 billion) of value in four days through Thursday. THE FUNDS Indian newspaper Economic Times reported […]

Nestle, under fire over unhealthy products, working on new strategy

Nestle (NESN.S) said on Monday it was working on updating its nutrition and health strategy after the Financial Times reported an internal document at the food giant described a large portion of its food and drinks as unhealthy. The newspaper said it had seen an internal presentation circulated among top […]

Airtel adds 6.9 mn active users in Jan, extends gain: TRAI data

New Delhi, Mar 21: Telecom operator Bharti Airtel added 6.9 million active users in January, extending its market lead on this count even as Jio’s active subscribers tally declined by about 3.4 million, according to TRAI data. With this, Bharti’s active subscribers rose to 336 million, most of […]

BMW Motorrad India Continues Its Ascent to Success

Gurugram, Haryana, India Business Wire India 2,563 units delivered in 2020. Notable annual growth of 6.7% in an exceptionally tough year. Striking growth of over 51% in the last quarter. BMW Motorrad India delivered 2,563 motorcycles to customers in calendar year 2020 (January December). The premium motorcycle brand […]

Rupee recovers losses, settles 15 paise higher at 73.25 against US dollar

Mumbai:  The rupee recouped early losses and provisionally closed 15 paise higher at 73.25 against the US dollar on Tuesday, supported by weakness in the dollar index and recovery in domestic equities. At the interbank forex market, the rupee opened weak at 73.42, but recovered lost ground and […]