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Business

JLR gets UK govt’s guarantee for $2 billion loan after cyber hit

Jaguar Land Rover will get backing from the UK govt for a 1.5-billion-pound ($2 billion) loan aimed toward easing the pressure on suppliers hit by a manufacturing halt on the carmaker that was triggered by a cyberattack.The loan, to be offered by a business financial institution and assured by UK Export Finance, might be repaid […]

Business

WeWork India to float ₹3,000-crore IPO on October 3

(*3*) Image used for consultant objective solely. | Photo Credit: Reuters Co-working main WeWork India is gearing up to launch its preliminary public providing (IPO) on October 3, with individuals conscious of the matter pegging the difficulty dimension to practically ₹3,000 crore. The situation will shut on October 7, with bidding for anchor buyers opening

Business

‘Maruti second’: India aims Rs 70,000 crore package for domestic shipbuilding; reduce reliance on foreign vessels

India is aiming for a “Maruti moment” in shipbuilding, looking for to copy the success of Maruti Suzuki’s Eighties car revolution. The authorities introduced a Rs 70,000-crore ($8 billion) package to revitalize domestic shipyards, increase India’s maritime ecosystem, and reduce the nation’s heavy reliance on foreign vessels, which presently deal with about 95% of its

Business

‘India chooses its own companions’: Russia’s Lavrov on Moscow–New Delhi ties; partnership ‘not under risk’

NEW DELHI: Russian overseas minister Sergey Lavrov on Saturday stated the India–Russia relationship stays regular regardless of Washington’s tariffs and political stress, including that New Delhi has made clear it is not going to be dictated to on overseas partnerships.Lavrov, who was responding to questions on the sidelines of an occasion, pointed to the resilience

Business

U.S.’s HIRE Bill may choke India’s IT, BPM, GCC sectors

For main Indian IT corporations, the tax may compress working margins by 300 to 700 foundation factors.  | Photo Credit: Okay.V.S. Giri HIRE Bill that proposes a 25% excise tax on funds made by U.S. entities to overseas service suppliers poses a big menace to India’s IT, and ITeS sectors in addition to the Global

Business

Coming quickly: natural gas pipeline from Ennore to Kondapalli

Photo for representational objective. | Photo Credit: The Hindu Archives The Petroleum and Natural Gas Regulatory Board has set in movement the method for creating a natural gas pipeline from Ennore LNG Terminal in Tamil Nadu to Kondapalli, Andhra Pradesh. The facility is being mooted with a watch on assembly the requirement of natural gas

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