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  • Kumar Mangalam Birla’s Hindalco to sell first bond in a decade Jan 11, 2023 02:21 PM IST

    Kumar Mangalam Birla’s Hindalco to sell first bond in a decade

    Hindalco Industries Ltd. is looking to sell a bond for as much as 7 billion rupees ($86 million), according to an exchange filing on Wednesday. If the transaction goes ahead, it would the firm’s first bond sale since 2012, Bloomberg-compiled data show.

  • Food Corporation of India 'corruption': CBI searches 50 locations; DGM arrested Jan 11, 2023 01:26 PM IST

    Food Corporation of India 'corruption': CBI searches 50 locations; DGM arrested

    The CBI on Wednesday launched a crackdown on alleged corruption in the Food Corporation of India, conducting searches at 50 locations in Punjab, Haryana and Delhi after arresting a DGM-ranked officer, officials said.

  • Uttar Pradesh govt to organise roadshows from January 15 to woo local investors Jan 11, 2023 11:06 AM IST

    Uttar Pradesh govt to organise roadshows from January 15 to woo local investors

    The roadshows, to be held till February 2, will be organised by the UP State Industrial Development Authority (UPSIDA), an official release said on Wednesday.

  • Greaves Cotton unveils new two-wheeler, three-wheeler EVs Jan 11, 2023 11:01 AM IST

    Greaves Cotton unveils new two-wheeler, three-wheeler EVs

    The company at the event unveiled three two-wheelers under Ampere brand series -- Ampere Primus, Ampere NXG and a multi-utility scooter Ampere NXU which can be also used for deliveries.

  • MG Motor India expects EVs to make up 25% of sales in 2023 Jan 11, 2023 10:34 AM IST

    MG Motor India expects EVs to make up 25% of sales in 2023

    SAIC Motor has previously said that it has a wide portfolio of new energy vehicles (NEVs), which include electric, hybrid and fuel cell cars, which MG can choose from to sell in India.

  • India’s foray into the EV battery lacks key ingredients Jan 11, 2023 08:20 AM IST

    India’s foray into the EV battery lacks key ingredients

    The government has unveiled incentives of at least $3.4 billion to expedite its lagging adoption of EVs as Prime Minister Narendra Modi vows to reach net zero by 2070.

  • Foreign cars muscle in on India’s EV market at Auto Expo 2023 Jan 11, 2023 08:16 AM IST

    Foreign cars muscle in on India’s EV market at Auto Expo 2023

    The prominence of foreign carmakers at India’s biggest auto show underscores the nation’s slow take up of electric vehicles.

  • Google warns Android growth in India will stall due to antitrust order Jan 11, 2023 06:10 AM IST

    Google warns Android growth in India will stall due to antitrust order

    The Competition Commission of India (CCI) in October fined Alphabet Inc-owned Google $161 million for exploiting its dominant position in Android, which powers 97% of smartphones in India, and asked it to change restrictions imposed on smartphone makers related to pre-installing apps.

  • Adani Wilmar gains as company sees Q3 volume growth in 'high-teens' Jan 10, 2023 09:11 PM IST

    Adani Wilmar gains as company sees Q3 volume growth in 'high-teens'

    The edible oil segment has recorded volume growth in "high-single-digit", the food & FMCG segment in "high-20s" and industry essentials have grown by over 40 percent, Adani Wilmar said

  • Byju’s seeks more time from lenders to recast $1.2 billion debt Jan 10, 2023 12:00 PM IST

    Byju’s seeks more time from lenders to recast $1.2 billion debt

    The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till Feb. 10 to negotiate broader terms on the term loan, the people said, asking not to be identified as the information isn’t public.

  • Park+ raises Rs 140 crore for business expansion to over 100 cities, hire 200 people Jan 10, 2023 11:59 AM IST

    Park+ raises Rs 140 crore for business expansion to over 100 cities, hire 200 people

    The company plans to utilise the fund to expand its presence to over 100 cities, to hire more than 200 employees and expand its services verticals, Park+ said in a statement.

  • Loan fraud case: Chanda Kochhar, her husband Deepak Kochhar released from jail Jan 10, 2023 11:03 AM IST

    Loan fraud case: Chanda Kochhar, her husband Deepak Kochhar released from jail

    Chanda Kochhar walked out of the Byculla women's prison in Mumbai, while her husband was released from the Arthur Road jail, the official said.

  • Glenmark Pharmaceuticals launches generic version of diuretic Bumetanide injection Jan 10, 2023 10:58 AM IST

    Glenmark Pharmaceuticals launches generic version of diuretic Bumetanide injection

    In a statement the company said Glenmark Pharmaceuticals Inc., USA (Glenmark) launched Bumetanide Injection of strengths of 1 mg/4 mL (0.25 mg/mL) single-dose vials and 2.5 mg/10 mL (0.25 mg/mL) multi-dose vials.

  • Institutional investments in retail real estate jumps over 6-fold to $492 million in 2022: Report Jan 10, 2023 10:56 AM IST

    Institutional investments in retail real estate jumps over 6-fold to $492 million in 2022: Report

    In 2021, the retail real estate had attracted only USD 77 million institutional investments because of an adverse impact of the COVID pandemic on the businesses in shopping malls.

  • Adani nears purchase of bankrupt Mumbai builder at 98% discount Jan 10, 2023 09:58 AM IST

    Adani nears purchase of bankrupt Mumbai builder at 98% discount

    Adani offered to pay 319.7 million rupees ($4 million) to financial creditors, compared with their ask for 16.58 billion rupees and 15.2 million rupees to employees, the person said, asking not to be identified as the details are private.

  • TCS – What should investors do after a decent Q3? Jan 10, 2023 08:39 AM IST

    TCS – What should investors do after a decent Q3?

    The next financial year is likely to be softer though the medium- to long-term outlook for the company remains positive

  • Tata Motors working on alternative fuel beyond EVs in CV space Jan 10, 2023 07:59 AM IST

    Tata Motors working on alternative fuel beyond EVs in CV space

    The electric E-LCV is priced at an ex-showroom price of Rs 9.99 lakh. The company is also providing a 5-year maintenance package, a dedicated response team, and a charging infrastructure ecosystem. CNBC-TV18 exclusively caught up with Girish Wagh, executive director of Tata Motors.

  • Jindal Stainless reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal Jan 09, 2023 02:36 PM IST

    Jindal Stainless reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal

    To achieve the goal, JSL has also created a position of Chief Sustainability Officer (CSO) and appointed Kalyan Kumar Bhattacherjee to the key post, Jindal said in a company statement.

  • iPhone exports double to surpass $2.5 billion this fiscal Jan 09, 2023 02:23 PM IST

    iPhone exports double to surpass $2.5 billion this fiscal

    India is emerging as Apple Inc.’s next manufacturing hub as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.

  • JSW Steel's combined output in Q3 grows 17% to 6.24 MT Jan 09, 2023 01:30 PM IST

    JSW Steel's combined output in Q3 grows 17% to 6.24 MT

    The combined production during the year-ago quarter was at 5.35 MT, JSW Steel said in a statement.

  • Air India urination: Experts for stricter punishment to tackle instances of unruly behaviour on flights Jan 09, 2023 01:06 PM IST

    Air India urination: Experts for stricter punishment to tackle instances of unruly behaviour on flights

    Instances of inappropriate conduct on flights have gone up in the recent past because airlines try to cover up such incidents due to their commercial interests, the experts said.

  • Hi-Tech Pipes, UP govt ink pact to set up steel unit with Rs 510 crore investment Jan 09, 2023 12:55 PM IST

    Hi-Tech Pipes, UP govt ink pact to set up steel unit with Rs 510 crore investment

    The Memorandum of Understanding (MoU) has been signed under the Invest UP Programme of the Uttar Pradesh Government, the steel pipes maker said in a statement.

  • How much juice is left in IDBI Bank’s rally? Jan 09, 2023 10:38 AM IST

    How much juice is left in IDBI Bank’s rally?

    The stock of IDBI has already zoomed 78 percent in the past 6 months in anticipation of the disinvestment

  • Paytm founder Vijay Shekhar Sharma may not be eligible for stock options: Proxy firm Jan 09, 2023 07:24 AM IST

    Paytm founder Vijay Shekhar Sharma may not be eligible for stock options: Proxy firm

    While Sharma isn’t classified as a promoter — Indian parlance for controlling shareholder — he has rights akin to one, including a potential permanent seat on the board, IiAS said in a note Friday.

  • Apple begins hiring retail store employees in India: Report Jan 09, 2023 07:12 AM IST

    Apple begins hiring retail store employees in India: Report

    The company’s careers page lists several different opportunities for workers in India, including business expert, “genius,” operations expert and technical specialist.