Buisiness

Ashok Hinduja (File photo) To List Insurance Arms In 2 Years, Plans RebrandingMUMBAI : IndusInd International Holdings (IIHL) has completed the Rs 9,650-crore acquisition of Anil Ambani-promoted Reliance Capital under the insolvency process after transferring funds to the committee of creditors. The Mauritius-based Hinduja-led company plans to list Reliance’s insurance arms within two years.Ashok Hinduja,…

NEW DELHI: Armed with fresh capital, debt-laden Vodafone Idea is finally launching 5G services from Wednesday — more than two-and-a-half years after rivals Airtel and Reliance Jio — and will roll out the high-speed network in Mumbai first, thereafter expanding to Delhi, Bengaluru, Chandigarh, Patna and Mysore by end of next month.The company said it…

Indian Railways intends to purchase 3 GW of renewable energy, including hydropower, alongside 3 GW of thermal and nuclear power in 2030. (AI image) The Indian Railways has begun consultations with the Department of Atomic Energy (DAE) and power ministry regarding the establishment of small nuclear power facilities to meet its energy needs, supporting its…

Hero’s market position has deteriorated to its lowest point in ten years. Several senior executives at Hero MotoCorp have reportedly resigned amidst growing challenges for India’s leading two-wheeler manufacturer by volume. Sources familiar with the situation told ET that these resignations have occurred within the past few days.This exodus follows a month after the company’s…

(Image credits: KPI Green Energy) NEW DELHI: KPI Green Energy announced on Wednesday that it has secured a Rs 272 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID) to partly fund its 50 megawatt (MW) hybrid power project in Bharuch, Gujarat, news agency PTI reported.“The company has received a final sanction…

A Tax Saving FD represents a special term deposit that provides tax advantages under Section 80C. (AI image) It’s that time of the year again when you scramble for last minute tax saving investments. Those who systematically arranged their tax-saving investments throughout the year remain at ease, whilst last-minute planners are rushing to maximise deductions…

“The world today makes business decisions factoring in national security,” said Jaishankar. External Affairs Minister S Jaishankar has said that trade and business dealings between major economies are no longer just about cost, but also comfort and trust. Speaking at the Raisina dialogue in Delhi, S Jaishankar said that non-economic factors are increasingly influencing business…

Fitch expects India’s GDP growth to strengthen further in the last quarter of FY25. (AI image) The Indian economy is ‘somewhat insulated’ from the impact of high US tariffs, Fitch has said in its latest Global Economic Outlook report. Fitch sees the Indian economy growing at 6.5% in the upcoming financial year, with a slight…

Chhatrapati Shivaji Maharaj International Airport plans to invest approximately ₹10,000 crore in infrastructure enhancement. From May onwards, travellers departing from Mumbai airport could face increased charges as the Adani-operated facility has suggested implementing a ₹325 fee for domestic flights and raising international passenger charges to ₹650.The overall financial burden on passengers might be reduced as…

H1B visa scheme enables organisations in the United States to employ overseas professionals temporarily in specialised roles. H-1B visa policy changes under US President Donald Trump’s government makes major Indian IT firms susceptible to immigration policy changes and higher costs, says Moody’s in its latest report. Indians secured approximately 75% of H-1B visas granted in…