The total amount of outstanding borrowings from banks and financial institutions works out to Rs 700.76 crore, including accrued interest up to December 31, Reliance Capital said
The investment would allow Bira, which has posted losses in recent years and has been hit by the COVID-19 pandemic, to break even in the 2022 fiscal year which starts in April 2021, Mr Jain said.
The Chinese regulators had earlier abruptly suspended Jack Ma-owned Ant's blockbuster $37 billion IPO in Shanghai and Hong Kong, which was touted as the world's biggest public offering
The government has instructed the public sector companies to increase their capital expenses to boost the economy which was hit by the COVID-19 pandemic, a Coal India official said
The government holds just over 54 per cent in BEML and a cut in government's holding through stake sale will lead to transfer of management control to the successful bidder
The auto major's total sales grew by 20.2 per cent to 1,60,226 units in December 2020, compared to 1,33,296 units in the same month last year
The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to reassess their capital allocation priorities
Mahindra and Ford late on Thursday called off their automotive joint venture due to the COVID-19 pandemic, which prompted them to reassess their capital allocation priorities.
Mr Tata is the chairman of the Tata Trusts that are among India's oldest, non-sectarian philanthropic organisations that work in several areas of community development
China's central bank disclosed it had asked the country's payments giant Ant Group to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder Jack Ma
The investigation is broadly viewed as a pushback by Chinas Communist Party against Internet giant Alibaba that has expanded its power and size at a fast clip
The international arbitration tribunal at the Hague had ruled that the Indian government's imposition of a tax liability on Vodafone was in breach of the investment treaty agreement between India and the Netherlands
For the travel and tourism industry, the current year began on an ominous note and the lockdown brought all kinds of mobility to a standstill
An international arbitration tribunal ruled that the tax claim was not a valid demand and asked the government to repay the funds withheld along with interest to Cairn.
Central to the company's strategy for auto production is a new battery design that could -radically- reduce the cost of batteries and increase the vehicle's range