Topics: India

Ashok Leyland reports a 37% decline in February sales

India's leading automaker, Ashok Leyland, has reported a 37 percent decline in its total February sales at 11,475 units as compared to 18,245 units...

Coronavirus update: India suspends visa on arrival services for travelers arriving from South Korea and Japan

The Center has temporarily suspended the visa on arrival services for air travelers arriving from Japan and South Korea in India. Indian Embassy in Japan,...

Vatika Group leases 50,000 sq ft area to French sports goods retailer Decathlon

Delhi-NCR based real estate developer Vatika Group has leased approximately 50,000 sq feet of area to French sporting goods retailer Decathlon for a flagship...

Coronavirus: US spy agencies monitor virus spread, concerns about India

US intelligence agencies are monitoring the global spread of coronavirus and the ability of governments to respond, sources familiar with the matter said on...

Biocon receives two observations from USFDA for API Manufacturing Facility in Bengaluru

India's leading biopharma company, Biocon Limited on Thursday said that “It has received a Form 483 and two observations for its Small Molecules API...
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Tata Motors to raise Rs 500 crore through non-convertible debentures

Automobile giant Tata Motors Limited on Wednesday said that “It will be raising Rs 500 crore through the issuance of non-convertible debentures on private...

Cipla receives a warning letter from USFDA for its Goa manufacturing unit

The US Food and Drug Administration (USFDA) has issued a warning letter to Cipla's Goa manufacturing facility. In a regulatory filing with Stock Exchange, the...

Jaguar Land Rover commences booking of new Land Rover Defender in India

The British multinational automaker Jaguar Land Rover (JLR) has said, that “It has started the booking of the new Land Rover Defender in India.” “Valued...

ADB secures Rs 8.5 billion through offshore India rupee-linked bonds

The Philippines-based Asian Development Bank (ADB) on Tuesday said that “It has secured Rs 8.5 billion (approx $118 million), form a new issue of...

Blume Ventures raises $41 million in Fund IIA

One of India's leading Venture Capital, Blume Ventures has announced that it has raised $41 million in Fund IIA. In an official statement, Blume Ventures...
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GAIL to infuse Rs 1.05 lakh crore to create infrastructure for gas-based economy

GAIL India Ltd, the country's largest gas utility, will invest Rs 1.05 lakh crore over the next five years to expand pipelines, lay city...

Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

The Reserve Bank of India may offer additional time to Bandhan Bank to decrease its promoter shareholding in the bank. According to India's leading newspaper,...

SREI Infra Finance, CEO says, “Sector should raise resources on a sustained basis”

India's leading non-banking finance company, Srei Infrastructure Finance Limited, has said that “The sector which is going through liquidity crisis should be able to...

Coronavirus Outbreak: Mumbai airport begins the screening of air travelers arriving from Malaysia, Indonesia, Nepal, and Vietnam.

To meet with the central government's directives on the novel coronavirus outbreak (COVID-19), the Mumbai airport authority on Saturday said, “It has started screening...

Coronavirus Outbreak: Central govt asks its citizens to avoid all non-essential travel to Singapore

In furtherance to the travel advisory issued earlier in the wake of the deadly coronavirus outbreak, the government on Saturday advised citizens to avoid...
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Biocon receives three observations from USFDA for its Insulin Glargine facility in Malaysia

India's leading biopharma company Biocon on Saturday said that “It has received three observations for its insulin manufacturing facility in Malaysia from the United...

Report: Flipkart challenges India antitrust probe

Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed,...

Unacademy raises $110 million from Facebook, General Atlantic, Sujeet Kumar, and others

India -based online ed-tech startup Unacademy has raised $110 million in its post-funding round from Facebook, General Atlantic, in the participation of few other...

Panasonic launches its new IoT enabled ACs in India, plans to increase market share by 10% in the air-conditioner segment

Electronic maker Panasonic India is planning to increase its market share in the air-conditioners segment from six percent last year to 10 percent in...

Report: India to import record high volumes of LNG, as prices hit an all-time low on coronavirus outbreak

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting...
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What is Expression of Interest that strategic financial buyer uses for buying tender

EOI or Expression of Interest is an application that a strategic financial buyer uses for buying a tender. The investment bankers are usually requested...

Subramanian Swamy, “GST is the biggest madness of the 21st century”

Describing India's latest tax reform GST as "the biggest madness of the 21st century," BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday...

Report: Arnab Goswami holds over 82 percent in Republic TV

Renowned journalist and broadcaster Arnab Goswami owns over 82 per cent stake in Republic TV, his company said on Wednesday, clearing the air around...

Prakash Javadekar: Cabinet approves Rs 4,558 crore scheme to promote the dairy sector

The Government of India on Wednesday said that “It has approved a Rs 4,558 crore scheme to promote the dairy sector, that will benefit...

RBI approves shareholding dilution plan of Kotak Mahindra Bank’s promoters

The Reserve Bank of India on Tuesday approved the shareholding dilution plan of Kotak Mahindra Bank's promoter. In a filing with the stock exchange, the...
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Report: India antitrust watchdog founds now evidence of collusion by IndiGo, SpiceJet and others

Investigators with India's antitrust watchdog have found no evidence that the country's biggest airline, IndiGo , and four rival carriers colluded to fix ticket...

SpiceJet to launch 20 new domestic flights by next month

Private airline carrier SpiceJet has announced that "It is launching 20 new flights on its domestic routes, including some services under the government's regional...

Report: India overtakes UK, becomes 5th largest economy with $2.94 trillion GDP

India emerged as the world's fifth largest economy by overtaking the UK and France in 2019, says a report. A US-based think tank World Population...

Serum Institute of India collabs with Codagenix to develop a preventive vaccine against coronavirus

A Pune-based Serum Institute of India (SII) has developed a preventive vaccine against coronavirus (COVID-19) in the partnership with American biotechnology company Codagenix. According to...

ICICI Bank secures Rs 945 crore through issuance of Basel III compliant bonds

India's leading private bank, ICICI bank on Monday said, that, “It has secured Rs 945 crore through issuance of Basel III compliant bonds on...
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