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Category: Business Updates

Business Updates

Indian economy to be third largest by 2030: S&P Global

December 30, 2021By businessreputationdata

India is set to become the third-largest economy by 2030 and is expected to be the fastest growing major economy in the next three years, S&P Global Ratings said in its report ‘Global Credit Outlook 2024: New Risks, New Playbook’ released Monday. India’s growth path to become the third largest economy will depend on the […]

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Business Updates

Foxconn to invest Rs 1,600 crore at its new manufacturing unit in Tamil Nadu

December 28, 2021By businessreputationdata

Petronet’s Qatar LNG contract is India’s biggest term contract for super-cooled gas.

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Business Updates

PLI disbursement to hit Rs 13,000 cr this year: Official

December 28, 2021By businessreputationdata

The scheme was announced in 2021 for 14 sectors, including telecom, white goods, textiles, medicial device manufacturing, automobiles, speciality steel, food products, solar PV modules and advanced chemistry cell batteries, with an outlay of Rs 1.97 lakh crore.

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Business Updates

Maruti Suzuki eyes rejig as it looks to double capacity in 9 yrs

December 27, 2021By businessreputationdata

To have 6 EVs among 28 models by FY31, says Chairman R C Bhargava

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Business Updates

IMF sees India’s economy grow at 6.3% in current fiscal year

December 27, 2021By businessreputationdata

The country’s digital public infrastructure and a strong government infrastructure program will continue to sustain growth, the IMF said.

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Business Updates

Adani Ports to buy back another $195 million of bonds

December 27, 2021By businessreputationdata

In a stock exchange filing, Adani Ports and Special Economic Zone (APSEZ) said it will buy back $195 million of bonds due in 2024 using its cash reserves.

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Business Updates

GMR Smart Electricity Distribution gets Rs 7,593-crore order for smart meter installations in UP

December 27, 2021By businessreputationdata

Shares of private sector lender Kotak Mahindra Bank declined nearly 4 per cent in initial trade on Monday after the company’s June quarter results failed to cheer investors.

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Business Updates

India’s Vodafone Idea reports wider Q1 loss on weak 4G subscriber growth

December 27, 2021By businessreputationdata

Its expenses rose 4% year-on-year to 185.13 billion rupees, outpacing a 2.4% rise in revenue to 106.56 billion rupees, while net debt stood at 2.12 trillion rupees as of June 30.

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Business Updates

Tesla sued by US agency over alleged harassment of Black factory workers

December 26, 2021By businessreputationdata

The US Equal Employment Opportunity Commission (EEOC) said in the lawsuit filed in federal court in California that from 2015 to the present, Black workers at the Tesla plant have routinely been subjected to racist slurs and graffiti, including swastikas and nooses.

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Business Updates

UK inflation falls to a 15-month low of 7.9% in June; may limit interest rate hikes

December 26, 2021By businessreputationdata

On account of the demerger, the National Stock Exchange of India will hold a special pre-open session in RIL stock tomorrow.

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