Jio Platforms set to record India’s biggest IPO

Reliance Industries chairman Mukesh Ambani is preparing to launch what could be India’s biggest-ever IPO, despite a market downturn. Mumbai-based Jio Platforms, backed by Meta and Google, aims to raise up to Rs 302 billion (£2.4 billion) at...

New Adani, IHC to Invest £8.5 billion in Odisha

Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH) signed a Memorandum of Understanding (MoU) with the Odisha government to develop a greenfield aluminium project worth $11.5 billion (Rs 1.08 lakh crore) (£8.5 billion).The...

The government is expected to close 2018-19 with a £6 billion shortfall in direct tax collections with mop-up till last week estimated at £113.8 billion, compared to the revised target of £120 billion

The £150 million emergency funding expected by Jet Airways has been shot down to £20 million in the best case scenario, as lenders led by SBI await RBI's fresh norms for debt restructuring after Supreme Court last week struck down the central...



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