Maruti Suzuki India is targeting for its premium vehicles sold through the Nexa retail outlets to be more than the respective overall sales of Hyundai and Tata Motors by next year, according to Senior Executive Officer, Marketing and Sales, Shashank Srivastava. The Nexa retail chain, started in 2015 to sell Maruti Suzuki's premium vehicles, has [...]
Campus Activewear Ltd stock dipped around 7 percent today after a stake sale comes to light. According to media reports, American Asset Management firm TPG Global plans to sell its entire 7.62 percent stake (2,32,07,692 shares) in Campus Activewear Ld via a block deal. The floor price is estimated to be Rs 345 per share [...]
Finance minister Nirmala Sitharaman on Friday proposed setting up of a committee to look into the issues related to pension for government employees and evolve an approach to address the need of employees while maintaining fiscal prudence. While moving the Finance Bill 2023 in the Lok Sabha for consideration and passage, the minister also said [...]
Telecom operator Bharti Airtel overtook Reliance Jio in 5G roll-out with the expansion of the network to additional 235 cities, taking its total reach to 500 cities. Reliance Jio has so far announced the expansion of the ultra high-speed fifth generation (5G) network to 406 cities. "Bharti Airtel...ultra-fast 5G service is available to customers in [...]
Defence training solutions firm Zen Technologies on Friday said it has bagged Rs 127 crore order from armed forces. After setbacks faced in 2012 due to cancellation of large tenders, Zen said in a regulatory filing that it had stopped participating in large tenders and has now made a complete turnaround over the last 10 [...]
Starbucks' new Indian-origin CEO Laxman Narasimhan has said he will work as a barista once a month in stores to stay close to the company's culture, customers, challenges and opportunities. Narasimhan, 55, officially became the Seattle-based coffee giant's chief executive on Monday, taking the reins from Howard Schultz about two weeks earlier than scheduled. In [...]
Backed by the late ace-investor Rakesh Jhunjhunwala, Nazara Technologies Ltd. communicated in a filing with stock exchanges that it has purchased Pro Football Network, an online platform that follows and studies the National Football League of the USA for a consideration of $ 1.82 million or Rs 16 crore. As per the recent shareholding data [...]
India's exports to the UAE are expected to touch an 'all-time high' of USD 32 billion by the end of this fiscal due to the benefits of free trade agreement between the countries, an official said on Thursday. The two countries also plan to integrate their customs and logistics portals for real-time tracking of shipments [...]
The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Thursday selected Siddhartha Mohanty to head insurance behemoth LIC. As per the guidelines, the chairman is selected from the four managing directors of the company. After interviewing four candidates based on their overall experience and extant parameters on [...]
Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make such a proposal in the form of an amendment to the Finance Bill [...]
