Growth Archives

Stellantis Appoints Shailesh Hazela as CEO and Managing Director of India Operations

Automaker Stellantis announced on Saturday the appointment of Shailesh Hazela Shailesh Hazela as the new CEO and Managing Director of its India operations. Hazela steps into the role previously held by Aditya

June 1, 2024

Business

Indian Overseas Bank Embarks on Ambitious Expansion Plan, Targets 88 New Branches in FY2024-25, Reveals CEO

Indian Overseas Bank (IOB), a prominent public sector banking institution, is gearing up for a significant expansion initiative in the fiscal year 2024-25, aiming to establish 88 new branches across various regions

May 24, 2024

India’s April Fuel Consumption Surges by 6.1%: Oil Ministry Report Reveals

India’s fuel consumption witnessed a significant surge of 6.1% year-on-year in April, according to the latest data from the Petroleum Planning and Analysis Cell of the oil ministry. This surge in fuel

May 7, 2024

India·Latest News

India’s Manufacturing Growth Slows Slightly in April, PMI at 58.8, but Demand Remains Strong

India’s manufacturing sector witnessed a marginal slowdown in growth during April, with the Purchasing Managers’ Index (PMI) dipping to 58.8, according to data from the HSBC final India Manufacturing PMI, compiled by

May 2, 2024

India·Latest News

India’s Infrastructure Output Sees 5.2% Surge in March, Cement Production Up 10.6%

India’s infrastructure output saw a significant boost in March, with a 5.2 per cent year-on-year increase, as revealed by government data on Tuesday. This growth comes in comparison to a revised 7.1

April 30, 2024

Business

Apollo Hospitals Plans Rs 3,000 Crore Investment After Advent International Deal

Apollo Hospitals Enterprise (AHEL) is gearing up for significant expansion following the Rs 890 crore deal with Advent International. This investment will fuel both organic and inorganic growth, setting the stage for

April 28, 2024

Small Finance Bank Model: A Cautionary Tale of Slow Progress, Experts Say

Small Finance Bank Model: A Cautionary Tale of Slow Progress, Experts Say The small finance bank (SFB) model, introduced nearly a decade ago, is still treading cautiously, according to banking experts. Regulatory

April 24, 2024

Tesla’s Strategy Shift on Affordable Cars Alters Investment Plans, Puts India Expansion on Hold

In a significant strategic move, Tesla announced on Tuesday its intention to utilize existing factories for the production of new, more affordable vehicles, delaying investments in new factories in Mexico and India

April 24, 2024

Business·India

ArcelorMittal Nippon Steel India Pursues $1 Billion Loan for Expansion Drive

ArcelorMittal Nippon Steel India, a prominent joint venture between global steel giants, is currently in discussions with several banks to secure a loan of approximately Rs 8,500 crore ($1 billion). This move

April 23, 2024

Business

Infosys Q4FY24: Surges with 30% Net Profit Growth, Revenue Up by 1.3%

In a resounding display of financial prowess, Infosys, one of India’s leading IT giants, has once again proven its mettle with robust fourth-quarter results for the financial year 2023-24 (Q4FY24). The company’s

April 18, 2024

Business·Latest News