Vedanta unveils plan for achieving $10 billion EBITDA
The Vedanta Group has charted a strategic roadmap to achieve a $10 billion EBITDA soon, driven by the timely execution of 50-plus projects across various business verticals. This roadmap was discussed during site visits attended by more than 45 investors,…
Jio Satellite Communications seeks trial spectrum after IN-Space clearance
New Delhi: Jio Satellite Communications has sought spectrum from the Department of Telecom (DoT) to start trial of satellite broadband services following authorisation granted by In-Space, sources aware of the development said. The Department of Telecom has already granted satellite…
Inside Tata Motors’ plan to stay ahead in the EV race
Tata Motors, which holds over 60 percent of the Indian electric car market, has set an ambitious plan to further cement its position. The company sold 64,217 electric cars in FY23, a 66 percent increase from 38,728 units in the…
Banks, NBFCs well placed to seize opportunity from India’s strong economic prospects: ICRA
Indian banks and Non Banking Finance Companies are well placed to seize the opportunity from the country’s strong economic prospects through lending in various sectors, even though loan growth is expected to moderate by about three percent, according to a…
Tata Motors reveals launch timeline of Curvv, Harrier, Sierra and Avinya electric cars
Tata Motors has unveiled the launch schedule for its forthcoming electric vehicles, which includes the Curvv.ev, Harrier.ev, Sierra.ev, and Avinya. The automaker plans to introduce the new electric versions of Curvv, Harrier, and Sierra within this financial year, FY25. The…
India restricts certain studded gold jewellery imports
New Delhi: India on Tuesday imposed restrictions on the import of certain gold jewellery and articles except those coming under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).In a notification, the Directorate General of Foreign Trade (DGFT) brought gold jewellery studded…
Ather Energy commences production of highly anticipated electric scooter Rizta
Ather Energy, based in Bengaluru, has begun production of its highly anticipated Ather Rizta electric scooter. Deliveries are expected to start in July, marking a significant achievement for the company. Co-founder and CEO Tarun Mehta shared this announcement on X.Launched…
Jyotiraditya Scindia is new telecom minister
Jyotiraditya Scindia has emerged a big winner in the Narendra Modi 3.0 Cabinet, bagging the ministries of communications and Northeast Development.The 53-year old son of late Congress leader Madhavrao Scindia has previously served as civil aviation minister in the earlier…
May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA
Auto retails in the month of May dropped 5.28 per cent on a monthly basis as showrooms saw lower footfall due to prevailing heatwave, lack of new models and the now-concluded Lok Sabha elections, auto body FADA said on Monday….
Realty hopes reforms, infra development continuity as Modi 3.0 takes charge
As the third term of Prime Minister Narendra Modi’s government begins, the real estate sector is optimistic, advocating for crucial reforms for continuation of growth and streamline operations. Industry players and experts are emphasizing the need for tax rationalization and…