India’s Avenue Supermarts IPO oversubscribed 106 times
MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s strong credentials and with a continued momentum from recent share offerings. ... read more »
India’s industrial output up 2.7 percent in January
NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »
Volkswagen, Tata Motors plan to cooperate in India
NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop auto components and vehicles for the Indian subcontinent and beyond. ... read more »
Maharashtra; Petrol, diesel & liquor to cost more
MUMBAI: Petrol, diesel, liquor, cigarettes and gold will cost more from tonight in Maharashtra. These items will cost more as the state government has decided to levy a surcharge. A surcharge of Rs 2 will be levied on petrol and diesel. However, Local Body Tax in 27 corporations has been... read more »
Nippon Life to hike stake in life insurance, mutual fund business: Ambani
MUMBAI: Bullish on growth prospects of his group’s financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of... read more »
Pravin Dixit appointed Maharashtra DGP
Maharashtra Anti Corruption Bureau chief Pravin Dixit will take charge as the Maharashtra Director General Of Police after present incumbent Sanjeev Dayal retires on Wednesday. Dixit will... read more »
Modi suddenly pressured to act after Raghuram Rajan cuts rates
New Delhi: Now that the Reserve Bank of India (RBI) governor Raghuram Rajan responded to government pressure with India’s biggest rate cut since 2009, it’s Prime Minister Narendra... read more »
India, US, Japan to work together to maintain maritime security
NEW YORK: Reflecting the growing convergence of their individual interests in the Indo-Pacific region, India, US and Japan have agreed to work together to maintain maritime security... read more »
Does it suit a PM to visit companies seeking investments, Kejriwa...
New Delhi: Questioning Narendra Modi’s foreign tours, Delhi Chief Minister Arvind Kejriwal on Tuesday wondered if it behoved the Prime Minister to visit individual companies like Google and... read more »
