South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
The movie grossed $1.4 million over the weekend, taking its 12-day total to $4.7 million in North America on January 3.
Crushing the opening records of such mammoth hits as Kabhi Alvida Naa Kehna, Shah Rukh emerged as the new champ as his own film Om Shanti Om grossed $1.5 million in just three days in America and Canada. KANK had grossed about $1.35 million over year ago.
Though it is being shown only in about a dozen countries abroad, waiting to add more formidable markets such as the United Kingdom, France, Germany and Japan in the coming weeks, it has already grossed an impressive $48 million in three days.
Nissan has signed a five-year-deal with Satyam Computer Services Ltd to enhance its key North America business portfolio.
United States President-elect Donald Trump on Tuesday said that he understands the Russian feeling with NATO (North Atlantic Treaty Organisation) being on their doorstep.
With about 90 prints in North America, 31 in the United Kingdom and 900 in India, Shahid Kapur's Kaminey is all set to challenge the monster hit, Love Aaj Kal.
New Jersey awarded 2026 World Cup final, Mexico gets opener
From its lows this month, the stock of Sona BLW Precision Forgings is up 10 per cent on better-than-expected results. The stock rose by 4 per cent in the trading session on Tuesday after Japan's Nikkei Group said the Indian automotive component major has topped its rankings in terms of competitive advantage. The rankings are based on sales, profit margin, capital expenditure, research and development, and market capitalisation.
Edge of Darkness, despite an ominous title, could be yet another bright hit for Gibson in a career full of hot hits.
The film has already grossed $26 million from 22 territories, including India.
Haley warned Americans that a Biden-Harris administration would lead the country on the path of socialism, which has failed everywhere in the world.
According to a new survey conducted by consultancy major PriceWaterhouseCoopers, about 28 per cent of Indian financial services firms expect to buy stakes in European groups in the next five years and the same percentage intend to enter North America. "Overseas acquisitions by industrial groups such as Tata Steel, Hindalco, Tata Motors and Ranbaxy are clearly proving inspirational," PwC said in its report.
Amidst difficult times with the slowdown in the global economies, the IT-ITES sector seek some respite in terms of extension of STP scheme and some relief on the FBT regulations.
'If you look at the big opportunity, it is sitting in markets like India, Southeast Asia and Brazil. The US and Europe are very strategic markets for us because they tell us whether we're fit to compete.'
The resolution observed that the American-Hindu community has been a major contributor to diverse sectors such as medicine, science and engineering, information technology, hospitality, finance, academia, manufacturing, energy, retail trade, among others.
Strong performance by its US subsidiary Novelis and better returns in the copper business helped Hindalco Industries post consolidated revenue growth of 2 per cent quarter-on-quarter (Q-o-Q) to Rs 54,100 crore in the July-September quarter of 2023-23 (Q2FY24). Novelis' Flat Rolled Products (FRP) volumes grew 6 per cent Q-o-Q to 933,000 tonnes (down 5.2 per cent Y-o-Y) on better North American and European volumes. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 2 per cent Q-o-Q to Rs 5,610 crore despite lower input costs in India and better Novelis performance.
Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.
Pharmaceutical major Nicholas Piramal India Ltd on Monday said the company was looking for acquisition in United Kingdom and North America to expand its overseas operation.
"Sir Syed Ahmed Khan once said that I do not think Hindu is a religious term, it is a geographical term. Anyone who is born in India eats food grown in India or drinks water from Indian rivers deserves to be called a Hindu," he said.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
'We're putting a lot of focus on GenAI developers and people who can really do all the architecture and programming.'
India, Sri Lanka and South Africa will play an ODI tri-series in September.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
"North Korea is looking for trouble. If China decides to help, that would be great. If not, we will solve the problem without them! USA," Trump tweeted, toughening his stance on North Korea.
The iconic brand is considering petrol powertrains for its entire Indian portfolio, which includes the Jeep Compass, Meridian, Grand Cherokee and Wrangler.
The Hwasong-14 intercontinental ballistic missile was launched eastward from Pyongsong in North Korea's South Pyongan Province around 3.30 am local time.
Bharat Forge, the Pune-based automotive component maker, has been one of the top-performing companies in its segment. The company's stock price is up 39.3 per cent since the beginning of the 2023 calendar year, surpassing other leading automotive component makers such as Bosch and Samvardhana Motherson International. The stock also outperformed the benchmark BSE Sensex, which is up 17.3 per cent year to date so far.
A red-faced Pakistan International Airlines (PIA) was forced to issue a clarification on Friday after the State-owned carrier received much flak for its bizarre dress code for its cabin crew, instructing them that wearing undergarments underneath the uniform was a must.
India's largest software services company Tata Consultancy Services (TCS) on Wednesday it has seen a surge in demand for its services and expects to recruit 10,000 individuals in the US by 2022. The Mumbai-based company has hired over 21,500 employees in the past five years in the US.
In FY23, Indian operations accounted for 41.6 per cent of the consolidated revenue of India's top five multinationals, up from 34 per cent in FY18 and 33.2 per cent and 34.2 per cent in FY21.
The recall includes 1.3 million vehicles in North America announced earlier in the day by Toyota's US unit.
Bells tolled across New York City, United States President Trump spoke at the Pentagon and moments of silence were observed across the nation on Wednesday as America commemorated the 18th anniversary of the September 11 terror attacks.
Chile upset favourites Argentina with a penalty shootout victory in the Copa America final at MetLife Stadium on Sunday to retain their title in the world's oldest continental soccer competition.
Former US President Obama was featured wearing a number of ensembles some gladiator-inspired and a basketball one among others.
