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BENGALURU -- Ola Electric is set to become the first electric vehicle manufacturer to list its shares in India after it gained regulatory approval for an initial public offering, but analysts said the company will need to show investors it can turn a profit amid mounting competition.
BENGALURU -- The Indian rupee has regained stability after falling to a near all-time low against the dollar due to heavy selling triggered by election results suggesting Prime Minister Narendra Modi's alliance would come away with a narrow victory.
BENGALURU -- Indian election results showing an underwhelming victory for Prime Minister Narendra Modi's coalition sparked volatile trading in shares of companies owned by Gautam Adani, prompting an opposition leader to claim that the fates of the nation's leader and its most prominent billionaire were "correlated."
BENGALURU -- India's Adani conglomerate is aiming to raise up to 291 billion rupees ($3.5 billion), as it expands investments in business sectors such as airports, real estate and data centers.
BENGALURU -- India's packaged spice manufacturers MDH and Everest are under regulatory scrutiny in several countries after their products were allegedly found to contain carcinogenic elements, barely a year after cough syrups made in the South Asian nation were linked to the deaths of over 140 children in Africa.
BENGALURU -- India's largest airline IndiGo has struck a deal with Airbus for 30 wide-body aircraft with a provision to buy 70 more, as it plans to begin long-haul flights, a segment dominated by Tata Group's Air India.
BENGALURU -- India's manufacturing activity surged to a 16-year high in March, underpinning the labor market and boding well for Prime Minister Narendra Modi ahead of general elections expected from later this month.
BENGALURU -- The Indian government on Friday announced lower import tariffs on electric vehicles for carmakers willing to eventually begin local production, a move that could attract global companies like Tesla but intensify competition for incumbents like Tata Motors and the Mahindra group.