In pursuance to the same, in March last year, Maruti board approved the supply of a product derivative of Baleno to Toyota Kirloskar, which currently sells the product as Glanza.
At the offer price of Rs 87.5, Agarwal's Vedanta Resources will have to shell out Rs 16,218 crore to acquire all of the public shareholding.
Max Financial Services Ltd (MFSL) on Wednesday said it has settled a tax dispute involving over Rs 123 crore under the government's 'Direct Tax Vivad Se Vishwas' scheme
HSBC Global Research in a note said Aramco buying 20 percent in O2C business of Reliance would allow the Indian firm to build financial muscle as it carves out space for itself in highly competitive omni-channel retail
Shares of Syngene International Ltd closed at Rs 325.30 on BSE, up 1.91 percent from the previous close.
Shares of Godrej Consumer Products Ltd on Wednesday settled at Rs 534.55 apiece on the BSE, up 3.24 percent from their previous close.
Tata Motors plants in Lucknow, Dharwad, Jamshedpur and Pune (only for ambulance vehicle manufacturing) are in the final stage of readiness and expect to begin production over the next few days.
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a 27.77 percent decline in consolidated net profit to Rs 1,322.3 crore for the fourth quarter of 2019-20, on account of lower sales volume, higher promotion expenses and depreciation expenses
TVS Motor Company Chairman and noted industrialist Venu Srinivasan on Wednesday said the government's financial package of Rs 20 lakh crore to revive the economy would bring in much needed relief to several stressed sectors and industries
Miners' body FIMI on Wednesday hailed the Rs 20 lakh crore special economic package, expressing hope that the stimulus will also be used to give relief to "highly taxed and struggling" mining sector
Homegrown pharma major Cipla Ltd on Wednesday said it has signed a non-exclusive licensing agreement with Gilead Sciences Inc for manufacturing and distribution of investigational drug remdesivir, a potential therapy for COVID-19
Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed US crude inventories are still rising
Gold held steady on Wednesday as market participants stayed away from making big bets ahead of a speech by Federal Reserve Chairman Jerome Powell amid rising speculation the United States could one day adopt negative interest rates
The rupee appreciated 21 paise to 75.30 against the US dollar in early trade on Wednesday as Prime Minister Narendra Modi's Rs 20 lakh crore economic stimulus package enthused investors
The Auto component industry is likely to witness a second consecutive year of double-digit degrowth this fiscal mainly on account of disruption in operations due to coronavirus pandemic and the subsequent lockdown, according to a report
Domestic pharma major Hetero on Wednesday said it has entered into a licensing agreement with Gilead Sciences Inc for manufacturing and distribution of remdesivir, a potential therapy for COVID-19
Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against coronavirus disruptions, fresh support may be only around 60 percent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden bond market, says a report
The New Development Bank of the BRICS countries has fully disbursed USD one billion emergency assistance loan to India to help it contain the spread of COVID-19 and reduce human, social and economic losses caused by the coronavirus pandemic
The government’s Rs 20 lakh crore special economic package has the potential to be "sustainably beneficial" to all sectors of the economy and help revive commercial vehicle industry, in particular, Ashok Leyland MD and CEO Vipin Sondhi said on Wednesday
Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline
Gold exchange-traded funds have been gaining traction from investors and have attracted Rs 731 crore in April amid increased risk-aversion as the coronavirus pandemic severely hit equity investments and the global economy
Industrialist Sajjan Jindal on Wednesday welcomed the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi to revive the economy hit by COVID-19, saying it will give a boost to the ambitious Make in India programme
India continued to be the second-largest deal market in the Asia-Pacific region in 2019 with over 1,000 private equity and venture capital pacts valued at $45 billion - the highest in the last decade, a report by Bain & Company said on Wednesday
Kotak Mahindra Bank on Wednesday reported 4 percent decline in consolidated net profit at Rs 1,951.82 crore for the fourth quarter ended March 2020 due to COVID-19 related provisions
Reliance Industries' proposed $7 billion rights issue, a string of equity deals of $8 billion in Jio Platforms, and $1 billion from a joint venture with BP plc will allow its leverage to improve, Fitch Ratings said on Wednesday
Shares of Jubilant Life Sciences on Wednesday rose 5 percent after the company said it has entered into a pact with Gilead Sciences for an investigational drug, remdesivir which is a potential therapy for COVID-19
Vedanta Resources had a market value of under Rs 33,200 crore going by Tuesday''s closing price of Rs 89.30 on the BSE
In revenue per room, the maximum fall was seen in Bengaluru at 28.5 percent, followed by Delhi 20.3 percent, Mumbai 20 percent, Kolkata 19.8 percent
Mercedes-Benz India on Wednesday said it has resumed production at its manufacturing facility in Chakan, Pune
The government has extended the last date for filing annual GST return for the financial year 2018-19 by three months till September 2020