Foxconn, the Taiwan-based manufacturer of iPhones, is putting its interest in pursuing Nissan Motor on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor, according to a person familiar with the matter.The decision to pause comes after Foxconn sent a delegation to meet with Renault – which owns 36%…
MUMBAI: Billionaire Nikhil Merchant-owned Swan Energy has joined hands with AG&P Terminals & Logistics of US-based Nebula Energy to form a liquefied natural gas (LNG) and gas logistics ventures in India. Swan will own 51% in the LNG supply unit, while AG&P will hold the remaining 49%. This unit intends to supply LNG within India…
JAISALMER: With several states still not on board to waive goods and services tax (GST) on term insurance and slash the rate from 18% to 5% on health insurance, the all powerful GST Council may have to defer a call on the issue, which is of tremendous interest to the middle class.It is, however, likely…
MUMBAI: Markets regulator Sebi has detected a case of front running by an equity dealer with PNB Metlife India Insurance by which the dealer and his associates had together made illegal gains of Rs 21.2 crore over more than three years. Sebi, through an interim order, has barred Sachin Dagli (the dealer), and his associates…
NEW DELHI: Bharti Airtel has prepaid Rs 3,626crore to department of telecom to clear all liabilities for spectrum it had acquired in 2016, the company said on Thursday. With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.7%. Source link
BENGALURU: Ola Consumer has introduced Dash, a 10-minute food delivery service in Bengaluru, aiming to transform the food delivery experience across India. The company’s food delivery service has expanded its reach to 100 cities nationwide. Ready to Master Stock Valuation? ET’s Workshop is just around the corner! Source link
NEW DELHI: The Competition Commission of India (CCI) on Friday cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement’s proposal to acquire a majority stake in India Cements. “The proposed combination envisages UltraTech Cement Ltd’s (UltraTech/acquirer) acquisition of 32.72 per cent of the paid-up equity share capital of India Cements Ltd (India Cements/target) from the promoters and…
India’s foreign exchange reserves fell by nearly $2 billion to an almost six-month low of $652.87 billion as of December 13, data from the Reserve Bank of India (RBI) showed on Friday. The reserves had declined by $3.2 billion in the week of December 6, and have declined by $52 billion from the record high…
NEW DELHI: With car prices going up between 35-50% over the past 3-4 years, owing to safety and emissions mandates, affording a vehicle has become difficult for mass consumers and sales are likely to see a moderate growth of 3-4% in the coming year, Kia India MD Gwanggu Lee said on Thursday.To generate demand, Lee…
MUMBAI: The IPO mania in the SME space reached a new high on Thursday. NACDAC Infrastructure, a Ghaziabad-based construction company eyeing to raise Rs 10 crore from the market, got bids totalling Rs 14,386 crore, a subscription of 1,976 times (excluding the Rs 2.7 crore anchor part). This made the IPO the most subscribed one…
