Bengaluru: Ola Electric Mobility witnessed a 4% rise in its share price during Tuesday’s trading session after the company announced the resolution of a legal dispute with the Rosmerta Group. The Rosmerta Group, a supplier to Ola Electric’s wholly owned subsidiary, Ola Electric Technologies Private Limited, has withdrawn its petitions filed with the National Company…
Mumbai: IndusInd Bank’s stock witnessed a sharp decline of over 5% on Tuesday after the private lender disclosed a ₹30.15 crore penalty imposed by the Joint Commissioner of CGST & Central Excise, Thane Commissionerate. The penalty, related to various Goods and Services Tax (GST) compliance issues, has added to the bank’s ongoing financial challenges. The…
Bengaluru: Quick commerce unicorn Zepto is gearing up for a $250 million secondary share sale as part of its strategy to increase Indian investor ownership ahead of its anticipated initial public offering (IPO) later this year. The move aims to raise the proportion of Indian shareholders from the current 33% to approximately 50%, aligning with…
New Delhi: In a significant development, India’s tax authorities have issued a $601 million (₹5,156 crore) tax demand against South Korean electronics giant Samsung for alleged tariff evasion on telecom equipment imports. This marks one of the largest tax demands in recent years, highlighting India’s intensified scrutiny of foreign companies operating in the country. The…
New Delhi: India’s economy is poised for steady growth, with GDP projected to expand by 6.5% in the fiscal year 2025-26, according to a recent report by S&P Global Ratings. The forecast highlights the resilience of India’s domestic demand despite global economic uncertainties, including rising US tariffs and a pushback against globalization. The report attributes…
India is poised to play a pivotal role in global trade expansion over the next five years, contributing an estimated 6% to worldwide trade growth, according to the DHL Trade Atlas 2025 report. This positions India as the third-largest driver of trade growth, following China at 12% and the United States at 10%. The report…
A recent report highlights how the United States’ tariff policies could serve as an opportunity for India to strengthen its domestic industries and focus on self-reliance. Despite challenges such as rising costs, exchange rate fluctuations, and potential losses in exports, the report suggests that India can leverage these trade tensions to boost local production and…
Apple Inc. has announced the launch of a $99 million (720 million yuan) clean energy fund in China, marking a significant step toward its goal of transitioning its global supply chain to 100% renewable energy by 2030. The announcement coincided with CEO Tim Cook’s visit to Beijing, underscoring the company’s commitment to sustainability and innovation….
The Indian IPO market is gearing up for a revival in 2025, with major players like LG Electronics India, Meesho, Tata Capital, and NSDL leading the charge. After a subdued start to the year, these high-profile public offerings are expected to inject fresh energy into the market. LG Electronics India is set to make its…
Mukesh Ambani, Chairman of Reliance Industries, has unveiled a groundbreaking initiative to disrupt the cloud storage market dominated by global tech giants like Google, Microsoft, and Apple. Reliance Jio has introduced an AI-powered cloud storage service, offering up to 50GB of free storage to its prepaid and postpaid customers. This bold move directly challenges Google’s…
