NEWS
Hapag Lloyd hikes dry cargo rates from Canada to India, Middle East to $150/TEU
22 Jan 2024
German shipping group Hapag Lloyd has announced a general rate increase (GRI) from Canada West Coast to Middle East and the Indian subcontinent for dry cargo transported in 20TEU and 40 TEU containers
Investment sans consumption could hamper inclusive growth: RBI
22 Jan 2024
The Indian economy recorded stronger than expected growth in 2023-24, underpinned by a shift from consumption to investment.
Tata Motors to hike car prices by 0.7% from 1 February
22 Jan 2024
Tata Motors has announced plans to effect an increase in prices across its entire passenger vehicle range, including its electric vehicles, by an average 0.7 per cent, effective 1 February.
FPIs pull out over Rs13,000-cr from equities, invest Rs15,647-cr in debt
22 Jan 2024
Foreign portfolio investors (FPIs) pulled out a net Rs13,047 crore from Indian equities in three days ended 19 January 2024
Taro to merge with Sun Pharma in $350 million deal
21 Jan 2024
Sun Pharmaceutical Industries Limited and Israel-based Taro Pharmaceutical Industries Ltd have entered into a definitive merger agreement under which Sun Pharma
French shipping giant CMA CGM to acquire UK logistics firm Wincanton for $700 million
21 Jan 2024
French shipping company CMA CGM has agreed to buy British logistics firm Wincanton for about $700 million in cash that will add warehousing management and grocery to the Marseille-based group's business portfolio.
Tata Technologies to invest Rs1,500 cr in skilling centres in Telangana
20 Jan 2024
Tata Technologies has proposed to invest Rs1,500 crore (about $1.80 billion) to back government’s efforts for setting up skilling centres in Telangana, reports citing state government sources said on Thursday.
Sail suspends 2 directors, 26 other officials over alleged corruption
20 Jan 2024
State-owned Steel Authority of India Limited (Sail) has suspended two directors, and 26 senior officials, including executive directors, over alleged corruption, according to a regulatory filing with the stock exchanges.
ABB boosts technology base with 3 new acquisitions in January
20 Jan 2024
Swedish-Swiss multinational ABB has made three major technology acquisitions in January that the company says will cement its capabilities in core business areas such as utility, manufacturing, transportation and infrastructure.
Hyundai India completes acquisition of GM’s Talegaon plant, to invest Rs6,000 cr
20 Jan 2024
Hyundai Motor India Ltd. (HMIL) has completed acquisition of General Motors India’s Talegaon Plant in Maharashtra, after meeting certain conditions and receipt of regulatory approvals from relevant government authorities and stakeholders.
Akasa Air places order for 150 Boeing 737 MAX Aircraft
19 Jan 2024
Akasa Air, India’s newest airline, has placed orders for 150 fuel-efficient Boeing 737 MAX aircraft, a record for an India carrier with just 17 months of operational life.
Cabinet panel allows coal PSUs to set up 2 new thermal power projects
19 Jan 2024
The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal for equity investment by South Eastern Coalfields Limited (SECL) in a 1×660 MW thermal power plant
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