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Maruti Suzuki looking at investing Rs 45,000 crore to double production capacity to four million units per annum-thumnail

Maruti Suzuki looking at investing Rs 45,000 crore to double production capacity to four million units per annum

Maruti Suzuki, one of India’s car manufacturers has announced its intention to invest Rs 45,000 crore in expanding its production capacity.

Business

Aug 30, 2023

Zomato opens over 5 percent higher as 10 crore shares exchange hands worth 947 crore-thumnail

Zomato opens over 5 percent higher as 10 crore shares exchange hands worth 947 crore

Zomatos stock prices rose by 5% on August 30th after a transaction involving a 1.17% ownership stake worth Rs 947 crore.

Business

Aug 30, 2023

Inox India Ltd files draft papers with SEBI to raise funds through a public issue-thumnail

Inox India Ltd files draft papers with SEBI to raise funds through a public issue

In India Inox India Ltd, a known manufacturer of tanks has recently submitted initial paperwork for an IPO. The proposed offering will involve the sale of 22.11 million shares, by existing shareholders and promoters including Siddharth Jain and Pavan Kumar Jain.

Business

Aug 30, 2023

Managed workspace operator Table Space set to invest Rs. 1,000 crores to expand operations-thumnail

Managed workspace operator Table Space set to invest Rs. 1,000 crores to expand operations

Table Space Technologies plans to invest Rs 1,000 crore in the year 2023 24 to expand their operations by 4.5 million square feet. This comes after an expansion of 3.2 million feet, in the previous year which cost them Rs 800 crore.

Business

Aug 30, 2023

Arnab Roy is appointed CFO of Maruti Suzuki when Ajay Seth departs-thumnail

Arnab Roy is appointed CFO of Maruti Suzuki when Ajay Seth departs

Maruti Suzuki India Ltd has named Arnab Roy as its Chief Financial Officer (CFO), the nation’s largest automaker announced in a filing with the stock market today.

Business

Aug 29, 2023

More made-in-India goods will be offered by Philips-thumnail

More made-in-India goods will be offered by Philips

Royal Philips announced on Tuesday that it will produce more personal health products in India as a result of increasing production at its co-manufacturing facility in Baddi, Himachal Pradesh, which will now also produce mother and child products in addition to the beauty and grooming items already produced there.

Business

Aug 29, 2023

Airtel Uganda intends to raise $216 million through an initial public offering-thumnail

Airtel Uganda intends to raise $216 million through an initial public offering

The Airtel Uganda Ltd. subsidiary of Airtel Africa plc, which is funded by billionaire Sunil Mittal and offers telecom services, said in a statement on Tuesday that it intends to generate $216 million through an initial public offering (IPO) of 800 billion Ugandan shillings (UGX).

Business

Aug 29, 2023

Alipay+ Partners With PayNet to Advance Consistent Payment for Inbound and Outbound Malaysian Travellers -thumnail

Alipay+ Partners With PayNet to Advance Consistent Payment for Inbound and Outbound Malaysian Travellers 

More Asian voyagers to Malaysia will partake in a consistent Digital Payment experience at over 1.8 million traders in the nation while Malaysian occupants will want to pay with e-wallets of their nation of origin abroad, because of a MOU marked as of late between Payments Organization Malaysia Sdn Bhd (PayNet) and Subterranean Ant Group.

Business

Aug 29, 2023

Top 10 Richest Sports Leagues In The World Currently-thumnail

Top 10 Richest Sports Leagues In The World Currently

The role of sports leagues as economic powerhouses in their own right has expanded well beyond the traditional confines of entertainment and competition in recent decades.

Business

Aug 29, 2023

Cash reserves to back plan to increase manufacturing capacity: Maruti Company chairman -thumnail

Cash reserves to back plan to increase manufacturing capacity: Maruti Company chairman 

Maruti Company chairman Bhargava informed shareholders that the ‘Maruti 3.0 capacity development plan will focus on diverse power trains such as electric and hybrid cars, compressed natural gas (CNG), and ethanol.

Automotive

Aug 29, 2023

The world’s first 100% ethanol-powered car developed by Toyota  was unveiled by Nitin Gadkari-thumnail

The world’s first 100% ethanol-powered car developed by Toyota  was unveiled by Nitin Gadkari

On Tuesday, Nitin Gadkari, the minister of state for roads and highways, showcased a Toyota Innova HyCross ethanol-powered car. This vehicle is reportedly the first electrified flex-fuel BS-VI (Stage-II) vehicle in the world.

Automotive

Aug 29, 2023

New Zealand to introduce Digital services tax in 2025 for multinationals-thumnail

New Zealand to introduce Digital services tax in 2025 for multinationals

New Zealand said on Tuesday that it would submit legislation for a digital services tax on large multinational businesses starting in 2025.

Business

Aug 29, 2023


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