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Brics investors shake on first joint mining project

In a first of its kind, Brics countries have come together to invest in a gold mining project in Siberia...

19 Oct 2016


MMI Holdings to tackle Indian health insurance market

A joint venture between MMI Holdings and an Indian financial services group has received final regulatory approval to provide health insurance on the subcontinent...

12 Aug 2016


Female millennials are the most confident and ambitious of any female generation

New PwC survey dispels myths about women and work...

5 Mar 2015


India says it will not appeal Vodafone tax ruling

NEW DELHI, INDIA: India's government will not appeal a court verdict favouring British mobile giant Vodafone in a multimillion-dollar tax suit, in a move aimed at winning back investor confidence...

30 Jan 2015


Smartphone makers seek growth in India

NEW DELHI, INDIA: Smartphone manufacturers are in a race to capture the bottom of India's economic pyramid as they battle for customers in the fast-growing low-end market where analysts say opportunities are vast.

8 Sep 2014


India's Bharti makes $184m in three months

NEW DELHI, INDIA: India's top mobile phone firm, Bharti Airtel, reported almost 61% increase in profits - compared with last year - helped by less competition and a wider customer base.

31 Jul 2014


India's Flipkart takes on Amazon with a $1bn warchest

MUMBAI, INDIA: India's top e-commerce company Flipkart said it had raised $1bn (60bn rupees) in funds as it battles US company Amazon for supremacy in the hyper-competitive local online buying market.

30 Jul 2014


Tata Motors' profit triples on JLR sales

NEW DELHI, INDIA: Tata Motors, India's top vehicle group, on Monday (10 February) reported a tripling of quarterly net profit in a sterling performance by British luxury brand Jaguar Land Rover (JLR), which offset dismal domestic sales.

11 Feb 2014


Top India Bitcoin operator halts trade after bank warning

NEW DELHI, INDIA: India's biggest Bitcoin trading platform said on its website Friday it had suspended operations after the central bank warned against the risks of using virtual money.

30 Dec 2013


India car sales post steepest drop in decade

NEW DELHI, INDIA: India's car sales fell nearly five percent year-on-year in the first half of the financial year due to the weak economy. This is the steepest drop in a decade, according to data released on Tuesday (8 October).

9 Oct 2013


Nokia says India 'least favourite market': report

Tax problems lead to Nokia criticism of India as its "least favourable market"in which to operate.

26 Aug 2013


Tata rebrands 'world's cheapest car' to boost sales

MUMBAI, INDIA: India's top vehicle manufacturer Tata Motors says it plans to reposition the Nano as a "smart city car" after its marketing pitch as the world's cheapest vehicle resulted in disappointing sales.

22 Aug 2013


India's car sales drop 12% in May

NEW DELHI, INDIA: Car sales in India slid by over 12% in May, data showed Tuesday (11 June), marking an unprecedented seventh month of decline as an industry body warned that layoffs now loomed in the once-booming sector.

12 Jun 2013


Nokia sued in India for unpaid taxes

NEW DELHI, INDIA: Struggling Finnish phone company Nokia said last week the Indian tax officials had demanded the company pay taxes worth US$363m, but a court order has prevent the payment.

2 Apr 2013


1,7m applicants for 1,500 jobs

MUMBAI, INDIA: India's largest state-run bank has received 1.7m applications for just 1,500 entry-level clerical jobs and has promised to examine all of them, a report said on Tuesday (12 March).

13 Mar 2013


Car sales slump in India

NEW DELHI, INDIA: Car sales in India's once-booming passenger market plunged nearly 26% last month on an annual basis, their worst performance in 12 years, industry figures showed on Monday (11 March).

12 Mar 2013


Bigger is better says motor industry

Growing affluence in emerging markets is good news for manufacturers of gas-guzzling vehicles.

11 Mar 2013


Nokia claims tax raid was excessive

MUMBAI, INDIA: Finnish phone giant Nokia said on Tuesday (12 February) it had protested to the Indian government over a tax raid at one of its factories in South India, slamming the action as "excessive and unacceptable".

13 Feb 2013


Jaguar Land Rover raises US$500m

MUMBAI, INDIA: British luxury car company Jaguar Land Rover, owned by India's Tata Motors, said on Tuesday (29 January) it raised US$500m through a bond issue to fund operating costs and growth plans

31 Jan 2013


Kingfisher Airline loses licence

MUMBAI, INDIA: India's troubled Kingfisher Airlines has lost its permit to fly after a deadline to renew its suspended licence expired, the national aviation regulator said on Tuesday (1 January).

2 Jan 2013

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