Anil Ambani tells UK court he sold jewellery to meet legal expenses

By S Neeraj Krishna RELIANCE GROUP chairman Anil Ambani on Friday (25) told London High Court he had to sell jewellery to meet legal expenses, and sought to dismiss reports on his extravagant lifestyle as speculation as he gave evidence in a loan dispute with Chinese banks. The 61-year-old former billionaire appeared via videolink from […]

India’s Hero MotoCorp may sell Harley-Davidson bikes in the country

INDIA’s Hero MotoCorp may strike a distribution deal with US-firm Harley-Davidson Inc. A recent Reuters report has stated that talks are at an ‘advanced stage’. The US company on Thursday(24) said that it will stop sales and shut its manufacturing plant in India. India is the world’s biggest motorcycle market. Two-wheeler sales in India was […]

India loses $2b tax case against Vodafone; should pay £4.3m as compensation

VODAFONE won an international arbitration case for $2 billion against the Indian government. The company on Friday (25) said it won one of the most high-profile tax disputes in the country. An international arbitration tribunal in The Hague ruled that India’s imposition of a tax liability on Vodafone, as well as interest and penalties, were […]

Land Rover Defender to hit India next month

JAGUAR LAND ROVER (JLR, subsidiary of India’s Tata Motors, will launch Land Rover Defender SUV in the Indian market on October 15. A statement from the company said that bookings for the model has already been commenced. “It will be a proud moment for Land Rover to bring the iconic new Defender for the first […]

India records over 100,000 single-day Covid recoveries for first time

FOR the first time India reported over 100,000 coronavirus recoveries in a single-day. The country also registered its lowest daily tally of Covid-19 cases in almost a month on Tuesday (22) as it prepares for clinical trials of a potential Russian vaccine in the next few weeks. According to the health ministry India reported 75,083 […]

Vistara first Indian carrier to offer in-flight wi-fi

By Pramod Thomas VISTARA, a joint venture of Tata Group and Singapore Airlines, has become the first Indian airline to offer in-flight wi-fi internet connectivity to its passengers. The airline started the service from Friday, September 18, on its Boeing 787-9 Dreamliner aircraft between Delhi and London Heathrow. The wi-fi service, which Vistara plans to […]

Triumph to launch pre-owned vehicle sales in India in October

BRITISH premium motorcycle maker Triumph Motorcycles expects its sales to grow by 20 per cent in India in 2020-21. In October, the two wheeler maker will launch the pre-owned vehicles programme in the country. In order to overcome the slowdown in the premium motorcycle segment due to the pandemic, the company plans to launch new […]

‘Local TikTok’ in India crosses 30 million downloads

THE company behind a homegrown short-video sharing platform in India, rival to TikTok, said its social app crossed 30 million downloads in just three months. Chingari, which allows people to record and share short video clips, in a statement said it has also added augmented reality (AR) filters on its platform to give content creators […]

Ikea’s second global centre in Asia to come up in Bangalore

SWEDISH furniture giant Ikea is all set to open its second global operations centre in Asia in India’s tech city Bangalore.  It has such a centre in Shanghai, China. Ingka Group, which handles retail operations of the firm, has said that the facility will operate within the areas of global business operations (GBO), digital, and […]

Tata to construct India’s new parliament building worth £90m

By Pramod Thomas TATA-group company is all set to build India’s new parliament building worth £90m, which will replace the existing colonial-era complex by 2022. Tata Projects has won the bid to build the complex in the heart of the national capital, Delhi. The country targets to open the new building when India celebrates 75 […]

1 2 3 125