NEW DELHI – Vistara, a joint venture between India’s Tata Group and Singapore Airlines (SIAL.SI), is considering a bid for the government’s stake in state-run carrier Air India, Vistara’s chairman said on Monday, according to local media reports. “Which company would not be interested in evaluating a sovereign […]
NEW DELHI – Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts. “Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before […]
NEW DELHI – Vodafone Idea Ltd said on Saturday it was assessing how much it would pay the Indian government as part of dues owed and said it proposed making a payment in the next few days. India ordered mobile carriers on Friday to immediately pay billions of […]
NEW DELHI – Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters. The online retail industry is braced for […]
New Delhi, Dec 13: No-frills carrier SpiceJet on Friday said it has grounded three Boeing 737 freighter aircraft due to a “potential defect”. The move follows an advice from Israeli Aerospace Industries (IAI), which had converted these planes into freighters, according to a regulatory filing. “During an internal […]
New Delhi, Dec 6: Vodafone Idea Ltd, the India’s third largest mobile service provider, will shutdown if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order, its billionaire chairman Kumar Mangalam Birla said on Friday. “If we we […]
(Eds: (Disclaimer: The following press release comes to you under an arrangement with NewsVoir. PTI takes no editorial responsibility for the same.) New Delhi, Delhi, India (NewsVoir) The UK India Business Council have announced the establishment of an Aerospace and Defence Industry Group to promote UK-India collaboration, at […]
Luxury behemoth LVMH said Monday that it had clinched a deal to buy the storied US jewellers Tiffany in a $16.2 billion deal, making the French firm a power player in fine gems just as demand is soaring worldwide. The deal comes after LVMH, already the top luxury […]
Japan’s Sony Corp (6758.T) is in talks to buy a stake in India’s Network18 Media & Investments Ltd (NEFI.NS), Bloomberg reported on Thursday, sending shares in billionaire Mukesh Ambani’s TV business 18% higher. Shares of TV18 Broadcast Ltd (TVEB.NS), the broadcast arm of the Network 18 group, jumped […]
India has granted the country’s beleaguered telecom giants a moratorium on spectrum payments until the end of March 2022, offering much-needed respite after the Supreme Court slapped a massive $13-billion bill on the companies. Vodafone Idea and Bharti Airtel bore the brunt of last month’s court ruling ordering […]
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