The India-US trade deal didn’t happen because Prime Minister Narendra Modi didn’t call US President Donald Trump, according to US Commerce Secretary Howard Lutnick. Speaking with venture capitalist and entrepreneur Chamath Palihapitiya on his ‘All In’ podcast on Thursday, Lutnick said he asked for PM Modi to call Trump toRead More →
Vodafone Idea Ltd. is considering raising debt financing to accelerate growth, people familiar with the matter said, following the government’s decision to cap annual payouts for AGR dues. India’s third-largest mobile phone operator by users may seek the financing from local and global banks, the people said, asking not toRead More →
BMW AG will unveil three new electric cars in India as the German carmaker looks to grow its already dominant share of the luxury segment in the world’s third-largest auto market. While the company has yet to release details on the new launches, it’s focused on a battery-only strategy forRead More →
The government has finally lifted the AGR overhang for Vodafone Idea Ltd., in what can be seen as a financial lifeline for a telecom company that hasn’t turned a profit since the merger in 2018. The Department of Telecommunications (DoT) has frozen the company’s AGR dues—comprising principal, interest, and penaltiesRead More →
India’s stock market logged their steepest one‑day fall in over four months on Thursday, dragged by heavyweight Reliance Industries Ltd., as uncertainty over US tariffs spurred broad selling. The 30-share S&P BSE Sensex fell 0.92%, or 780.18 points, to 84,180.96, even as the broader NSE Nifty 50 lost 1.01% toRead More →
NEW DELHI: The Enforcement Directorate (ED) said on Wednesday that it has attached assets worth ₹400 crore as part of its money laundering probe against the Jaypee Group. The immovable assets attached under the Prevention of Money Laundering Act (PMLA) belong to Jaiprakash Sewa Sanstha and Page 3 Buildtech Private Limited. “TheRead More →
De Beers is betting on India’s surging affluent class to fuel growth in demand for natural diamonds, even as the global market remains challenging and a pending India-US trade deal disrupts supply chains. De Beers, a unit of Anglo American Plc is opening its fifth and largest global ‘Forevermark’ storeRead More →