India's biggest carrier, IndiGo, is preparing to file documents for a stock listing to raise $300 to $400 million, two sources with knowledge of the plans said, as it looks to cash in on a booming air travel market.
Honda Motor Company Ltd said on Friday that it would invest 9.65 billion rupees ($154 million) to expand its motorcycle and automobile production in India, targeting growing demand in Asia's third-largest economy.
The benchmark BSE Sensex on Friday ended at 27,458.64, up by a marginal 1.06 points to technically snap the seven-session losing streak in a highly volatile trade amid continuing geo-political tensions.
The rupee declined by 12 paise to 62.79 against the dollar in early trade on Friday at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.
Pricey spectrum bids won’t cause mobile tariffs to shoot up, union communications minister Ravi Shankar Prasad said in the wake of the announcement that the government would earn Rs 28,872 crore up front out of the total commitment of Rs 1.1 lakh crore made during the auction.
Reiterating the government’s promise to bring in transparency in coal auctions, minister for power, coal and renewable energy Piyush Goyal strongly defended his ministry’s decision to cancel the four coal blocks for low bids.
Indigenous traditional owners of the lands have rejected Indian mining giant Adani's 16.5 billion dollar mine, rail and port projects in Australia's coal-rich Queensland state, in what is being described as the biggest case in recent history involving native title law.
There are 11 Indian-Americans in the Forbes’s list of top venture capitalists — people who put their money on a good idea, see it become a business and stay or cash out when the time is ripe.
Upping the ante against burgeoning non-performing assets (NPAs) of public sector banks and rising cases of frauds, the Prime Minister’s Office has asked for the setting up of a high-level committee to work on a long-term solution for designing a focussed anti-fraud strategy.
The aviation ministry’s close monitoring of Air India’s (AI) daily operations seems to be paying off as the airline’s on-time performance (OTP) showed dramatic improvement in February as compared to the previous months.
Ford Motor Company has invested $1 billion in a new plant in Gujrat which will help the automaker triple exports from India.
The Supreme Court on Thursday lifted its embargo and allowed the government to finalise the result of the just-concluded biggest and "fiercest" auction for telecom spectrum, fetching a whopping revenue of Rs 1.09 lakh crore.
Tracking steep losses in local stocks, the Indian rupee on Thursday slipped 34 paise -- its worst drop in two weeks -- to close at 62.67 against the US dollar amid month-end demand for the American currency.
Payment for spectrum won by companies in the auction concluded on Wednesday is expected to push up the debt on telecom operators to about Rs 3.5 lakh crore, leading to a significant rise in tariffs, says industry body Assocham.
State Bank of India (SBI) on Thursday said it will dilute its stake in its general insurance venture SBI General to 49% in favour of its foreign partner, with the enactment of insurance legislation.