Adani Group stated on Monday that it has raised $250 million in three-year debt from Standard Chartered Bank and Barclays Bank for capital expenditure at six airports managed through a public-private partnership. According to the firm, the consortium has the option to raise an additional $200 million through the existing facility. The Adani group owns …
After reaching a new high, Mukesh Ambani’s Reliance Industries Ltd (RIL) became the first Indian listed firm to have a market capitalization of Rs 19 trillion. In an otherwise sluggish market, the stock set a record high of Rs 2,827.10, up 2% on the BSE in intraday trade on Wednesday. RIL’s market capitalization was Rs …
Indian Oil Corp, the country’s top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday. The refiner bought 2 million barrels of Murban crude and another 2 million of West African crude, they added. It was not immediately clear which West African grades IOC had …
Tata Motors on Tuesday said its total domestic sales increased by 27 percent year-on-year to 73,875 units in February. The company had dispatched 58,366 units in February 2021. The auto major said its passenger vehicle sales in the domestic market last month rose by 47 percent to 39,981 units compared to 27,225 units in the …
Bharti Airtel on Thursday announced that it has acquired a strategic stake in Singapore-based Blockchain platform Aqilliz for an undisclosed sum. Airtel aims to deploy Aqilliz’s Blockchain technologies at scale across its fast-growing tech (Airtel Ads), digital entertainment (Wynk Music & Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings. “Blockchain technology is maturing and we see its application across areas …
Bharti Airtel on Thursday announced that it has acquired a strategic stake in Singapore-based Blockchain platform Aqilliz for an undisclosed sum. Airtel aims to deploy Aqilliz’s Blockchain technologies at scale across its fast-growing tech (Airtel Ads), digital entertainment (Wynk Music & Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings. “Blockchain technology is maturing and we see its application across areas …
Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers. This strategic association between Yatra and Cleartrip, both leading brands in the online travel space in India, aims to provide a boost to the entire hospitality and travel ecosystem …
South Korea’s Hyundai Motor faced calls on Monday for a boycott of its cars from Indians incensed over a tweet from the account of its Pakistan partner that expressed solidarity for the people of the disputed territory of Kashmir. The row erupted on Sunday, a day after Pakistan marked the annual Kashmir Solidarity Day and …
Online supermarket player BigBasket announced that it has expanded its pan-India coverage in the last one year, and is now delivering in 18 new Tier-2 and 3 cities. The company records over 7 million customers orders per month and the demand has considerably gone up in the post-Covid scenario. These new cities include Bhubaneswar, Guwahati, Jamshedpur, Anand, …
The government has notified an agreement between Air India and a special purpose vehicle for transferring the carrier’s non-core assets, marking another step in the national airline’s takeover by the Tata Group on Thursday. Ratan Tata, chairman of the salt-to software conglomerate, is likely to meet Prime Minister Narendra Modi before the takeover. India recorded 286,384 new cases of …
