[ad_1] NEW DELHI: UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.Vodafone Group had pledged almost the entire stake in VIL to raise the debt.The pledge was created in favour of HSBC Corporate Trustee Company…
[ad_1] NEW DELHI: India’s foreign exchange reserves declined by $8.478 billion to settle at $644.391 billion for the week ending on December 20, according to the Reserve Bank of India (RBI) on Friday.This marks a continued slide after a $1.988 billion drop in the previous week, bringing reserves to a six-month low of $652.869 billion,…
[ad_1] NEW DELHI: India’s IPO market achieved a historic milestone, with proceeds doubling from $5.5 billion in 2023 to $11.2 billion in 2024 says Global Data report.Murthy Grandhi, Company Profiles Analyst at GlobalData, says 2025 promises even bigger fireworks. He said, “India’s IPO market hit a bull run in 2024, with proceeds skyrocketing to $11.2…
[ad_1] NEW DELHI: India’s electronics industry is on the brink of a transformative phase as it targets USD 500 billion in manufacturing output by 2030, according to TeamLease report.Achieving this goal will require the sector to expand fivefold in the next five years, addressing a USD 400 billion production gap. Presently, the industry’s domestic production…
[ad_1] NEW DELHI: Billionaire Mukesh Ambani‘s Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India’s most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said…
[ad_1] NEW DELHI: Zydus Wellness Ltd on Saturday said its wholly-owned arm has received a GST demand of Rs 56.33 crore, along with applicable interest and penalty from the tax authority. Zydus Wellness Products Ltd (ZWPL), a wholly-owned subsidiary company, has received an intimation from the Directorate General of Goods and Services Tax Intelligence, Surat…
[ad_1] NEW DELHI: Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to India Brand Equity Foundation (IBEF).This marks a 14.1 per cent rise in value and a 21.8 per cent increase in deal volume compared to the same period…
[ad_1] MUMBAI/NEW DELHI: The FMCG industry does not see a full revival in urban demand to set in until at least mid-next year. This is even when companies are betting on premiumisation to derive growth from the bigger cities, where consumers are seeking high-quality products and convenience to partly make up for the sluggishness that…
[ad_1] NEW DELHI: If anyone can stake claim to putting India on four wheels and producing the people’s car Maruti 800, it is Osamu Suzuki, known for his hard-nosed business acumen as much as his no-nonsense attitude and frugal mindset.Suzuki (senior advisor, Suzuki Motor Corporation and former chairman, Suzuki Motor corp), who died on Dec…
[ad_1] Hybrid work models, a focus on mental health, advancements in DEI (diversity, equity, and inclusion), and AI integration in recruitment, performance, and engagement will shape the future of HR. As businesses adapt to these changes, hiring will increase, driven by the growth of GCCs (global capability centres) and KPOs (knowledge process outsourcing) in India,…
