NO TRUCE Sameer Hiremath (left) and Baba Kalyani MUMBAI: Baba Kalyani voted against his own nephew and lost. Sameer Hiremath, 52, secured the chairmanship of Hikal despite opposition from Bharat Forge’s chairman and MD, with public shareholders tipping the balance.The resolution passed narrowly. Of the votes cast, nearly 52% backed Sameer’s appointment as CMD, against…
Adani Airports is the second-largest airport operator globally by passenger traffic, according to Bansal MUMBAI: Adani Airports CEO Arun Bansal said the company does not want to compete with its airline customers and has enough opportunities in the airport business, a day after govt said it was examining the pros and cons of allowing airport…
The vehicles, which will sell under the AMPSTAR brand, add to JSW’s auto portfolio that includes a joint venture with MG Motors, its own plans for JSW Motors and talks for buying into Skoda-VW in India. MUMBAI: Sajjan Jindal’s JSW Greentech is entering the crowded commercial vehicles business with electric trucks, hoping to not just…
Airtel Money, is preparing for an initial public offering on the London Stock Exchange to raise at least $800 million at an expected valuation of $8 billion to $9 billion. NEW DELHI: Sunil Bharti Mittal’s Airtel Money, a digital financial services platform operating across 13 African markets, has announced its plan to list on the…
Four agencies raise India’s growth projection NEW DELHI: The Asian Development Bank and OECD, along with ratings agencies S&P and Fitch, joined Moody’s in raising India’s growth forecast for the current year. ADB and S&P now expect India’s GDP to expand by 7% this year, compared with their earlier projection of 6.6%, while Fitch has…
MUMBAI: The insurance regulator has sought to curb distribution costs and misselling by tightening limits on commissions and other expenses, after a reform meant to give insurers greater flexibility instead resulted in a big chunk of premium income being gobbled up by distributors.The Insurance Regulatory and Development Authority of India (Irdai), in a consultation paper,…
The proposed ban comes as diesel prices have surged amid disruptions linked to the Trump administration’s war against Iran, which began in February, and Ukrainian attacks on Russian oil refineries. Farm-state Republicans have been pressing the administration to act as fuel costs rise. The Trump administration is preparing a 90-day ban on US diesel exports…
The eight-storey, sea-facing tower covers 63,000 square feet (5,853 square meters) in Mumbai’s upscale Juhu neighbourhood. Marking the largest ever single-home purchase in terms of deal size, Angel One founder Dinesh Thakkar has purchased a full residential tower in Mumbai.Dinesh Thakkar, founder and CMD of financial services and stockbroking company Angel One, will acquire an…
According to Gadkari, making better use of sugarcane by-products could also improve returns for farmers. (Image for representative purpose only) India imports most of the fuel it consumes – be it crude oil, LPG, or even LNG. Union Minister for Road Transport and Highways Nitin Gadkari has said that India’s agriculture sector can help drive…
When the US Fed hikes rates, dollar assets such as US Treasuries become more attractive. (Image for representative purpose only) Last Wednesday, the US Federal Reserve raised interest rates for the first time since July 2023. Thousands of miles away, sitting in your home which you have bought on loan, your EMI may take a…
