Mumbai: IndusInd Bank has appointed Rajiv Anand as its managing director and CEO, effective Aug 25 for a three-year term, following approval from the RBI. The appointment comes at a time when the bank is seeking to restore stability after internal lapses and top-level resignations.Anand, who previously served as deputy managing director at Axis Bank,…
Mumbai: Tata Sons will dilute its stake in Tata Capital by nearly 10 percentage points through an IPO that combines a fresh issue and an offer for sale. The offering, comprising a total of 47.6 crore shares, includes a fresh issue of 21 crore shares and an offer for sale of 26.6 crore shares. Tata…
New Delhi: American President Donald Trump’s latest announcement of a possible “substantial increase” in tariffs on Indian goods, added to the uncertainty for exporters, amid indications that govt was looking at select segments of affected industries instead of a broad-based support.To go ahead with the orders for the upcoming busy season around Christmas, tariff uncertainty…
Mumbai: China’s Ant Group will exit Paytm by selling its remaining 5.8% stake in the company through one or more block deals worth at least Rs 3,800 crore (about $434 million) on Tuesday, a term sheet showed.Ant Group (formerly Ant Financial), one of the early investors of the Noida-based fintech is an affiliate of Chinese…
New Delhi: PB Balaji, the group CFO of Tata Motors, will take charge as the CEO of British marquee Jaguar Land Rover from Nov this year, becoming the first Indian to lead the luxury car ompany in an executive role. Balaji will succeed Adrian Mardell, who expressed his desire to retire from JLR after three…
The allotment results for NSDL’s Rs 4,011.60-crore initial public offering (IPO) is set to be announced Monday i.e. August 4, following an overwhelmingly positive response from investors. The IPO, priced at Rs 800 per share, was oversubscribed 41.02 times, signalling strong investor confidence. Listing and market sentiment Shares of NSDL are set to be listed…
Trump has repeatedly called BRICS a group that is ‘anti-US’, saying that it aims to destroy the dominance of the dollar. (AI image) US President Donald Trump’s move to impose 25% tariffs on India may have its reasons rooted in political issues, says an SBI Research report. India and the US have been engaged in…
VinFast in Chennai with its biggest showroom in India (Credit: VinFast Fb account) VinFast Auto India, a Vietnamese electric vehicle company, opened its largest retail outlet in Chennai, marking its second showroom in the country, as announced by a company representative, quoted by news agency PTI.The 4,700 sq ft showroom, situated in Teynampet, represents the…
The United States has implemented a uniform 25% duty on all goods originating from India, taking effect August 7. (AI image) Donald Trump’s 25% tariff on India: The Narendra Modi government is urging exporters to develop and market domestic brands as a response to the 25% by the Donald Trump administration. Additionally, it has requested…
In an unprecedented move, Boeing Co.’s defence workers in St. Louis have initiated their first strike in nearly 30 years after rejecting the company’s revised contract proposal.Approximately 3,200 machinists ceased work at midnight following their rejection of an offer featuring a 20% wage increase and enhanced retirement benefits. The last strike action occurred in 1996,…
