Walmart has spent $3.5 billion this year to increase its stake in Indian business Flipkart to 80.5%, underlining the aggressive bets the United States-based retailer is making in the country, which it counts as one of its key markets.
Adani Group claimed on Saturday that its stocks and financials were unaffected, just days after the Organized Crime and Corruption Reporting Project (OCCRP) reported that the family's business associates used 'opaque' cash to buy in stocks. Adani Group said the'misleading reports' had no significant impact on its business performance and that it remained in line with the law.
Expecting a bumper festival season, car and SUV makers reported an all-time high vehicle dispatch to dealerships on volumes estimated at 3.6 lakh units, surpassing the previous record of 3.5 lakh units achieved in September last year. The record number comes in as production at top car companies such as Maruti Suzuki, Hyundai and Mahindra improves, while demand on the consumer side continues to remain strong. Tata Motors was the only company to see a decline in numbers.
Pandey Reiterates There Is No Going Back On CAS System from Business News Today: Stock Markets, Financial News, India Business & World...
