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India Business

Mercedes rolls out first locally manufactured AMG model in India

German luxury carmaker Mercedes-Benz on Tuesday said it has commenced the local production of its AMG portfolio in India. The company also rolled out its...

Paytm Postpaid aims to double users to 15 million by March

Digital financial services firm Paytm on Monday said it has acquired around 7 million Postpaid micro-credit service users and aims to close the current...

Profits at Reliance slump 15% as pandemic hits demand

Indian conglomerate Reliance Industries on Friday reported a 15 percent fall in its quarterly profits, as the coronavirus pandemic slowed demand, hitting its crucial...

US court asks Antrix to pay $1.2 billion compensation

A US court has asked Antrix Corporation, the commercial arm of Indian Space Research Organisation, to pay compensation of USD 1.2 billion to a...

Shapoorji Pallonji Group submits plan for separation from Tatas

The Shapoorji Pallonji Group on Thursday said it has submitted a plan to Supreme Court to end its seven decades-old association with the Tata...

Tata Motors widens losses as virus saps demand

Tata Motors reported wider losses for the July-September quarter Tuesday as the coronavirus pandemic hammered demand in domestic and international markets. The Mumbai-headquartered firm, which...

Future Group to challenge arbitration award in favour of Amazon on Reliance deal

Kishore Biyani-led Future Retail on Monday hinted that it may challenge the arbitration award from the Singapore-based arbitration center before Indian legal forums, to...

Flipkart to invest $203 million in Aditya Birla Fashion for 7.8% stake

Aditya Birla Fashion and Retail Ltd  (ABFRL) on Friday said its board has approved plans to raise Rs 1.5 billion ($203.5 million) by issuing...

Maharashtra invites Tesla after Musk hints India entry

India's richest state Maharashtra has invited US electric-car maker Tesla, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year. In...

Despite coronavirus, Indian traders stock up in hopes of festive cheer

Indian businesses are stocking up more ahead of this year's big festival season than at any time in the last five years, expecting people...