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The Hero Group has reportedly agreed to increase royalty payments made to Japanese automaker Honda Motor Co. to 8% of overall annual sales in return for a technology makeover and a stake-sale.
Apollo Hospitals Enterprise is looking to offload a 49 percent stake in its pharmacy chain unit and is also exploring the possibility of listing the unit in six months.
NTPC reportedly signed a loan pact with Bank of Tokyo-Mitsubishi for$300 million to partly finance its capital expenditure.
Bharti Airtel and Punj Lloyd are reported to be the only companies bidding for Telecom Consultants of India’s 30% stake in Bharti Hexacom.visit https://is.gd/hMcnJ
The rupee continued to trade slightly stronger on Thursday afternoon tracking gains in domestic shares but some dollar demand from importers pulled it off more than one-week highs reached earlier in the session.
India’s food price index rose 8.6%, while the fuel price index climbed 9.99% in the year to November 20, government data on Thursday showed.
India central bank Governor Duvvuri Subbarao is easing curbs on the supply of cash at banks as a record shortage of funds threatens to slow Asia’s second fastest-growing major economy.
China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year as concern about rising inflation increased its appeal as a store of value, said the Shanghai Gold Exchange.
The euro advanced for a second day against the dollar after Spain sold 2.5 billion euros($3.3 billion) of debt in the first bond auction since Ireland’s bailout.