Industry

Tata-owned electronics retailer Infiniti Retail, which runs the Croma chain of stores, crossed the $1-billion sales mark in 2021-22, growing revenue by 53% to ₹8,337 crore, while net losses increased to ₹445 crore from ₹201 crore in…

Global players including , , , Stadler Rail, Wabtec and Arco have evinced interest in developing a new locomotive facility for the Indian Railways at an estimated investment of ₹20,000 crore in Dahod, Gujarat. Multiple overseas and local…

Nearly two-thirds of the fast-moving consumer goods segment, including biscuits, snacks, shampoo and bottled soft drinks, expanded by double-digit percentage in volumes in the February-April period. Yet, the overall market fell 1% year…

Piramal Alternatives plans to raise $1 billion through multiple funds in its portfolio from a group of global investors, seeking to tap into the increasing local appetite for cash as interest in IPOs begins to dry up. Multiple people…

Steelmakers may be forced to take maintenance shutdowns at their plants this month to combat a demand-supply mismatch in the domestic market after sudden levy of export duty on steel last month hit their overseas business, people in the…

Altigreen, a Bengaluru based start-up which makes electric three-wheelers, recently tested its products for a 150 km range. The challenge was to showcase that its products were as good as ICE vehicles in terms of performance. At a press…

TotalEnergies, a global oil major has entered into an agreement with Adani Enterprises (AEL) to acquire a 25 per cent interest in Adani New Industries (ANIL).  ANIL will be the exclusive platform of AEL and TotalEnergies for the…

Britain on Tuesday axed its £1,500 ($1,800) subsidy for buyers of new plug-in cars as it focuses on other types of electric vehicles, but the news drew anger from the auto sector. "The government is today closing the plug-in car grant…

New Delhi: The humongous sum of Rs 48,390 crore fetched from media rights of IPL cricket has divided industry experts, with some feeling that the market can easily absorb it while others said anything 'puffy and inflated' puts pressure…

A petrol and diesel crisis has hit Rajasthan hard with around 2,000 petrol pumps across the state, including 100 in Jaipur, have gone dry. According to petroleum dealers, and have restricted the fuel supply and are providing only 33…