Automaking giant Tata Motors is planning massive investment plans for the future, earmarking Rs 33,000 crore to Rs 35,000 crore for FY 26-30 on product actions. The Mumbai-headquartered company is targeting 30 product actions, including the launch of seven new models, as it looks to sharpen its competitive edge in India’s fast-evolving passenger vehicle (PV)…
NEW DELHI: Rapido, the ride-hailing platform, is set to shake up the food delivery market by partnering with restaurants at commission rates nearly 50% lower than those charged by major players Swiggy and Zomato, according to sources familiar with the matter.The collaboration with the National Restaurants Association of India (NRAI) indicates that Rapido will implement…
The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of…
NEW DELHI: Adani Group chairman, Gautam Adani, 62, earned a total salary of Rs 10.41 crore for the financial year ending March 31, 2025. This marks a 12% increase from the Rs 9.26 crore the India’s second-richest man earned in FY24, according to the latest annual reports of his group companies.Despite his massive wealth and…
BENGALURU: In a new development in the ongoing Infosys-Cognizant trade secrets dispute, recent legal filings from Cognizant have revealed that Infosys‘s counterclaims do not accuse CEO Ravi Kumar of any anticompetitive behaviour following his transition to Cognizant in 2023.In its submission to the court, the Nasdaq-listed firm said that Infosys’s actions amounted to a ‘fishing…
Asian stocks rallied on Monday, driven by hopes that renewed China-US trade talks in London could ease ongoing tensions between the two economic giants. Investor confidence was further lifted by stronger-than-expected US jobs data, helping Asian markets extend recent gains.Tokyo’s Nikkei 225 rose 1.1% to 38,137.09, despite reports of a 0.2% contraction in the Japanese…
Oil prices remained steady on Monday following last week’s gains, as markets awaited the outcome of renewed US-China trade negotiations in London. Brent remained above $66 per barrel following a 4% increase last week, with West Texas Intermediate hovering near $65.US and Chinese negotiators are scheduled to meet in London on Monday for the first…
NEW DELHI: After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in…
NEW DELHI: European aircraft manufacturer ATR is exploring business opportunities in India and is in talks with both scheduled and non-scheduled carriers to sell its aircraft.Given India’s market growth potential, a senior ATR executive said it expects 300 additional turboprops operating in the country in the next 10 years.ATR remains “very bullish” on the Indian…
NEW DELHI: After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer preferences for health, indulgence, convenience, and premium offerings. This move aligns with the ‘ITC Next’ strategy, which prioritises value-accretive acquisitions…