Tata Motors targets debt at near-zero levels in 3 years

New Delhi

Tata Motors aims to reduce its total debt to near-zero levels in three years and generate free cash flows from FY22 onwards, Tata Motors chairman N Chandrasekaran said on Tuesday. He was addressing the 75th AGM of the company. pti

Hong Kong
Alibaba’s Ant Group files for IPO in Hong Kong

Ant Group, the financial technology arm of Alibaba Group, on Tuesday filed for a dual listing in Hong Kong and Shanghai, in what may be the largest share offering since the coronavirus pandemic began. The IPO will be the first dual listing on the Hong Kong exchange and Shanghai’s STAR Market. AP

Mumbai
ICICI deploys satellite data to assess agriculture loans

ICICI Bank is deploying satellite data to power farm credit assessment, which it claims will reduce cost for both farmers as well as the lender. The lender on Tuesday said it has been piloting the project in a few select villages for the past two years and is extending the same to 500 villages in Maharashtra, MP and Gujarat. PTI

New Delhi
Gold declines Rs 557, silver tumbles Rs1,606

Gold prices declined by Rs 557 to Rs 52,350 per 10 gram in the national capital on Tuesday, according to HDFC Securities. Silver prices also tumbled Rs 1,606 to Rs 66,736 per kg from its previous close of Rs 68,342 per kg. In the previous trade, gold had closed at Rs 52,907 per 10 gram. PTI