India Archives — Page 3 of 4 — City Business News

December 30, 2020 No Responses

Tata Increases Stake In Air Asia India To 85 Per Cent

Tata Group has increased its stake in AirAsia India as it looks to increase its stake in India’s airline industry. On Tuesday the company announced it would increase its holdings in the Indian-based joint venture with AirAsia from 51% to...

November 25, 2020 No Responses

Report: India’s Economy To Return To Normal Faster Than Expected

Barclays lifted its fiscal 2022 growth forecast for the Indian economy to 8.5% from an earlier projection of 7%, saying the country would “return to normal” faster than expected as the COVID-19 curve in the world’s second-most populous nat...

November 12, 2020 No Responses

COVID-19: India Announces Another Stimulus Package

India’s finance minister Nirmala Sitharaman on Thursday announced a stimulus package worth 265,000 crore Indian Rupees (over 35 billion U.S. dollars) to boost the economy, amid slowdown due to the COVID-19 pandemic. The fresh stimulus measures in the form of...

November 1, 2020 No Responses

Hyundai Explains New Production Capacity

Hyundai Motor India is looking at “augmentation of its production capacity” in the next two months.The company, which has hit 98% peak capacity of 7,20,000 units a year or 60,000 units a month, will watch the market till December before taking...

November 1, 2020 No Responses

Indian Envoy Harps On Democratic Ties With Nigeria

The Indian High Commissioner to Nigeria, Mr Abhay Thakur, has said that unity in diversity is critical to sustain democracy in diverse and populous countries like India and Nigeria. Thakur made this known on Saturday in Abuja in an event to...

October 24, 2020 No Responses

India Seeks Closer Ties With Nigeria As Trade Volume Hits $14b

India has expressed its readiness to deepen economic ties with Nigeria as part of measures to promote investment and trade between both countries. Speaking on Friday during a courtesy visit to Kano State Governor, Abdullahi Ganduje, &n...

August 28, 2020 No Responses

India Records 77,266 New Coronavirus Cases, 1,057 Deaths In One Day

India’s COVID-19 tally reached 3,387,500 and deaths reached 61,529 on Friday, showed the latest data released by the Federal Health Ministry. As many as 77,266 new COVID-19 cases and 1,057 deaths were recorded in the past 24 hours. Still, there...

June 22, 2020 No Responses

Vikram Pawah To Lead BMW In India, Australia, New Zealand

BMW Group India has appointed Vikram Pawah as the President, effective from 1st August 2020. He will also continue in his present role of CEO of BMW Group Australia and New Zealand.Vikram Pawah has been with luxury car giant since 2017 and he...

January 30, 2020 No Responses

Nigeria, India Sign MoU On Sugar Institute

The National Sugar Institute (NSI) of India and the National Sugar Development Council (NSDC), on Wednesday signed an Memorandum of Understanding (MoU) for the establishment of a Sugar Institute in Nigeria. The MoU was signed by the Executive Secretary of...

December 6, 2019 No Responses

Kia Unveils New Plant In India, Employs 3,000 Workers

Kia Motors on Thursday inaugurated car manufacturing facility at Anantapuramu in Indian. The ceremony was performed by Chief Minister, Y S Jagan Mohan Reddy and accompanied by Kia’s top executives. According to agency reports, the Chief Minister we...

December 5, 2019 No Responses

Honda Records 50 Per Cent Drop In Sales

Honda Cars India Limited (HCIL) has reported 50.33 per cent decline in domestic sales to 6,459 units in November as against 13,006 units in the same month last year.“Our sales numbers are better than our plan for the month,” HCIL...

November 10, 2019 No Responses

Bridgestone To Merge Operations In Africa, India, Others

Bridgestone Tyre is to merge its India business with Europe, Middle-East and Africa (EMEA) block with effect from 2020. According to the company, the move is aimed at unlocking untapped potential in both India and EMEA. The integration of India...

November 5, 2019 No Responses

Kia Joins Top Five Carmakers

South Korean carmaker, Kia Motors, which started its operations in India in August, has joined the list of top five carmakers in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...