Premier Explosives Ltd said it dropped a joint venture project in Uzbekistan due to non-availability of long term loan.
We are adapting to the situation by innovating new delivery modelss, launching brand campaigns that are impactful in the current context and closely monitoring changes in consumer buying behaviour, he said.
Starbucks opened its 7th store in India at New Delhi's Connaught Place.
In October, media reports suggested that the World's largest retailer Wal-Mart made "suspicious payments" totalling millions of dollars to local officials in India.
The Tata group is planning to invest $90 billion in new industries such as mobile components plant, semiconductor, electric vehicles, batteries, renewables energy and e-commerce by 2027. The Tata group's investment in India is far higher than the $75-billion investments planned by Mukesh Ambani-owned Reliance Industries and $55-billion investment planned by the Adani group in the next five years in the country, the Economist reported recently. The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money.
CreditSights has dialed back on its language on debt levels at richest Indian Gautam Adani's group but has maintained that the group's leverage is elevated. In a new note published after discussions with the group's management, CreditSights, a Fitch group firm, said it "has discovered calculation errors" in its recent debt report on two Adani Group companies but these did not change its investment recommendations. On August 23, CreditSights stated that the Adani group was "deeply over-leveraged" and may "in the worst-case scenario" spiral into a debt trap and possibly a default.
Ticket sales to open from Friday, says group CEO Tony Fernandes
The BrahMos supersonic cruise missile is the world's fastest operational system in its class and recently DRDO has extended the range of the missile system from the existing 298 km to around 450 km.
Executive says setback doesn't challenge strategy.
Telenor Financial Services, IDFC Bank and Sun Pharma's Dilip Shanghvi have decided to withdraw their licence to set up a payments bank.
The Tata Group-owned Air India has readied a five-year transformation plan, which is expected to take its domestic market share to 30 per cent, up from 8.4 per cent logged in June. IndiGo leads with a market share of 58.8 per cent. The transformation plan--Vihaan.AI-unveiled on Thursday revolves around tripling the domestic market share with investments in new aircraft, technology and improvements in customer service.
The government and financial sector regulators have prevailed on Insurance Australia Group (IAG) to route its investment in a general insurance venture with State Bank of India through Singapore, instead of the original proposal to bring the money through a Mauritian subsidiary.
"We are interested in states like West Bengal, but the government does not seem enthusiastic about this.Currently, we are looking at states which are more proactive and have invited us in setting up this venture," said Rajan Bharti Mittal, vice chairman and managing director of Bharti Enterprises.
Edible oil major Adani Wilmar Ltd (AWL) on Monday filed the draft red herring prospectus with markets regulator Sebi for an initial public offer to raise up to Rs 4,500 crore. The company, which sells cooking oils under the Fortune brand, is a major player in the edible oil industry.
As part of a 50:50 joint venture agreement signed in 2007, the two companies had agreed to a joint distribution network and back-end support, besides co-manufacturing of products at the Ranjangaon facility near Pune.
"I have to admit that so far, the venture with Fiat has not been as active as we had thought," Tata said.
The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.
The government's target of hitting $52 billion to $58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help.
After using technology successfully in their respective election campaigns, United States President Barack Obama and Prime Minister Narendra Modi have for the first time interacted digitally to come out with a joint editorial.
Mahan Coal claims it is being targeted at the behest of 'foreign masters' of the Western world.
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