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Hyundai Motor India gears up for IPO to raise up to $3 billion

Jun 14, 2024

Mumbai, June 14 (IANS) Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, is set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for an IPO to raise around $2.5 billion-$3 billion.If the listing gets the green signal from the regulator, it will be the…

Global fund investments in India will accelerate in future: Analysts

Jun 14, 2024

Mumbai, June 14 (IANS) The Indian stock market has seen a significant rally in recent months and is now attracting global funds which are going to accelerate in the near future, according to top analysts. The Indian stock market…

Business

India emerging as promising alternative to China for chipmaking equipment firms

Jun 14, 2024

New Delhi, June 14 (IANS) The chipmaking equipment industry is looking to establish operations in India, as the country emerges as a promising alternative to China amid tensions between Beijing and the West.The international chip industry…

Business

India to remain Asia-Pacific’s fastest growing economy in 2024: Moody’s

Jun 14, 2024

New Delhi, June 14 (IANS) India will remain the Asia-Pacific region's fastest-growing economy in 2024, sustaining the domestically-driven momentum of last year, on the back of a continuity in policy that focuses on infrastructure…

Business

WPI inflation remains benign, likely to normalise by Sept-Oct: Experts

Jun 14, 2024

New Delhi, June 14 (IANS) The inflation in food articles is expected to rationalise by September-October as many of the kharif crops will enter the markets and supplement the existing supply, industry experts said on Friday.According to…

Business

CII pegs India’s GDP growth at 8 pc for 2024-25

Jun 14, 2024

New Delhi, June 14 (IANS) Confederation of Indian Industry (CII) expects the country's economy to grow at 8 per cent in 2024-25 on the back of a better performance of the agriculture sector and higher levels of private investment, according…

Business

India’s aviation sector takes off for next 25 years of growth under PM Modi

Jun 14, 2024

New Delhi, June 14 (IANS) India, which is one of the world's fastest-growing civil aviation markets with domestic air passenger traffic touching record high, has seen robust growth under Prime Minister Narendra Modi, paving the way for…

Business

India witnessed over 30 pc rise in diversity hiring over the past 5 years: Data

Jun 14, 2024

New Delhi, June 14 (IANS) Despite ongoing macroeconomic challenges, India is setting a new precedent with Diversity, Equity, and Inclusion (DE&I) hiring (LGBTQIA+, women, and persons with disabilities), as the country witnessed 30 to 35…

Business

India’s WPI inflation edges up to 2.61 pc in May

Jun 14, 2024

New Delhi, June 14 (IANS) India's inflation rate based on the Wholesale Price Index (WPI) edged up to 2.61 per cent during May this year compared to the same month last year, according to figures released by the Commerce Ministry on Friday.…

Business

S Korea’s exports of hydrogen-powered fuel cell EVs drop 74 pc on-year in first 5 months

Jun 14, 2024

Seoul, June 14 (IANS) Exports of hydrogen-powered fuel cell electric vehicles (FCEVs) from South Korea plunged more than 70 per cent on-year during the first five months of 2024, industry data showed on Friday.According to data from the…

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