Telecom major Bharti Airtel on Friday announced it will increase its shareholding in Airtel Africa plc, a subsidiary company listed in UK, by acquisition of upto 5 per cent stake in one or more tranches during FY 2024-25. The acquisition, it added, will be done through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary of
Bajaj Auto on Friday announced that its board of directors have approved to invest funds up to Euro 150 million (equivalent to Rs 1,364 crore) in Bajaj Auto International Holdings BV, Netherlands, a wholly owned subsidiary of the company. In a regulatory filing, the company said, “We hereby inform that the Board of Directors at
The industry is waiting for an action from the government to check steel imports, which are affecting the domestic players, Tata Steel CEO T V Narendran said on Friday. He also warned future investments in the steel sector getting impacted due to present situation of surging imports. The steel industry has been one of the
Indian government is considering injecting cash into heavily indebted government-owned power distribution utilities, according to a document from the Ministry of Power reviewed by Reuters, to ensure the stability of the sector amid surging power demand. In the document circulated this week, the ministry mentioned the formation of a group of ministers to identify states
A considerable drop in Adani stocks since the start of 2025 has led to a cut of $11.9 billion in total net worth of Gautam Adani to $66.8 billion. According to the Bloomberg Billionaires Index, so far this year, Gautam Adani’s net worth declined the maximum, after Tesla Founder Elon Musk who saw his net
Amazon has surpassed Walmart in terms of quarterly revenue for the first time ever, a CNBC report said. According to the report, Walmart said that it earned $180.5 billion during the quarter, while Amazon had earlier this month said that it earned $187.8 billion in the same period. This has been the first quarter since
Fast-moving consumer goods (FMCG) companies have lost nearly 9% of their market value or Rs 2.11 lakh crore in 13 trading sessions on the Nifty FMCG Index as the Budget rally fades. This is the longest losing streak on record for these stocks, even as the Nifty FMCG Index jumped 3% on February 1, after
The ongoing fundraising efforts of the 160-year-old Shapoorji Pallonji (SP) Group may allow it to tide over the immediate debt crisis, but experts said it’s time that the group focuses on a long-term solution. “Refinancing will just change the goal post but it doesn’t really solve the problem unless they do some big-ticket land sales
Quarterly transactions in the office market reached a historic high of 28.2 million square feet in the January-March period, shows a Knight Frank report. Global capability centres (GCCs) were the largest consumers of office space during the period, accounting for 44% of the total transaction volume. A resurgence in demand from the third-party IT services
The reciprocal tariff of 27% will jack up customs duties faced by Indian exporters of studded and gold jewellery in the US to 32-34%, including 5.5-7% extant tariffs. Diamond products which currently do not have any tariffs, will cost US importers a 27% import duty. Sabyasachi Ray, Executive Director of the Gems & Jewellery Export
Corporate India is gearing up for a challenging trade environment in the wake of the 27% reciprocal tariffs imposed by the US on Thursday. While the Trump administration has described the move as its moment of liberation, India Inc leaders feel there are some pain as well as some gain. From India’s perspective, key sectors
Dusit International, a leading Thai hotel and property development company, on Thursday announced plans to expand its presence in India by launching its luxury and upper-midscale brands in key emerging markets. The strategic expansion plan builds on the momentum of Dusit’s recent foray into the Indian market with the soft-opening of the contemporary and upscale
The quarterly updates of fast-moving consumer goods (FMCG) companies, which has been released so far for the January-March 2025 period (Q4FY25), present a mixed picture of the sector at a time when urban demand has remained weak. Rural demand, in contrast, has been resilient and is expected to improve in the coming months. While Marico
