British American Tobacco (BAT) has divested a 2.5% stake in ITC, the Indian consumer goods giant, for $1.5 billion, exceeding initial plans. The shares were sold at 413 Indian rupees each, a 4.8% discount. Despite the sale, BAT remains ITC’s…
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ICICI Bank projects India’s economy to grow by 7 percent in Q4FY25. This growth is due to increased government spending and rising rural demand.
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The Trump administration’s halt on student visa interviews is causing anxiety among Indian students, especially those who quit jobs. Experts advise caution with social media and exploring alternative study destinations in Europe. The situation may impact US universities financially and…
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Japanese automaker Nissan, despite divesting its stake in its Indian manufacturing plant to partner Renault, plans to invest €700 million over two years to launch multiple new products. Nissan aims to nearly triple its sales to 100,000 units annually by…
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Under the new RBI guidelines, regulated entities such as NBFCs are prohibited from entering into default loss guarantee (DLG) arrangements for loans backed by credit guarantee schemes.
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The move is aimed at enabling local entities to gain scale, in sync with the Centre’s vision of creating large home-grown accounting firms, he told ET. The framework would require local firms that are already affiliated with global accounting entities…
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