NEW DELHI: Tatas-owned Jaguar Land Rover (JLR) entered the Top 3 luxury car ranking by surging ahead of German Audi, with the category crossing the psychological 50,000-unit mark in FY25 for the first time by registering 3% growth in the financial year.While sales have started to slow down from Jan-March ’25 quarter as the stock…
NEW DELHI: Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the $750-million private bond issuance by the Adani Group.The US-based asset manager, overseeing $12 trillion in assets, has taken on one-third of the $750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of the…
Bernstein has initiated its coverage on Vishal Mega Mart with an ‘underperform’ rating and a target price of Rs 90. Analysts said the company has built the lowest cost offline retail distribution in India with 47% of stores having no other value retailer nearby. They, however, feel that Vishal Mega Mart will face increasing competition…
MUMBAI: Former India captain Virat Kohli has ended his long association with German sports brand Puma to join Agilitas as an investor, sources told TOI. Kohli had inked an eight-year contract with Puma as its brand ambassador in 2017 in a deal pegged at about Rs 110 crore. The cricketer, sources said, declined to extend…
BENGALURU: TCS CEO K Krithivasan indicated caution mixed with optimism regarding the current demand environment even as the IT major crossed the $30-billion revenue milestone in FY25. For FY25, TCS’s revenue grew by 4.2% in constant currency compared to 3.4% in the previous year. However, for the March quarter, growth significantly slowed to 2.5% from…
NEW DELHI: Essar group venture GreenLine Mobility Solutions Ltd, India’s sole operator of LNG- and electric-powered heavy commercial trucks, has announced a $275 million equity investment, to accelerate the decarbonisation of heavy trucking in India.The invesetment includes $20 million from Nikhil Kamath, marking a significant boost to transformation of India’s logistics, the company said on…
NEW DELHI: Italian powerhouse Prada announced Thursday it will acquire flamboyant rival Versace from US-based Capri Holdings in a €1.25 billion (over Rs 12,000 crore) deal, a move poised to reshape the balance of power in high fashion.The deal, set to close in the second half of 2025, creates an Italian luxury giant with revenues…
China responded quickly to Trump’s tariffs, but its countermeasures were limited in scope. US President Donald Trump on Wednesday paused sweeping tariffs on most nations—but pointedly excluded China, jacking up levies on Beijing to a punishing 125%. China, in turn, hit back with retaliatory tariffs of 84% and vowed to “fight to the end.”China on…
