Restructured Jet Airways will effectively be a 51 per cent government fund and PSU banks-owned. Sources said SBI-led lenders will convert £60 million loan...
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22nd Oct 2026 | Updated at 02:49pm 22nd Oct 2026
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...
Approximately 13 months after Anil Ambani announced the sale of his debt-ridden Reliance Communications' telecom assets to elder brother Mukesh's Reliance...
The banking sector finally reported a collective net profit of £15.4 million in the quarter ended December 2019 - the first since the RBI’s last February circular that forced lenders to recognise delinquent loans as nonperforming assets
Workers at India’s state-owned banks called a nationwide strike on Friday in protest at proposed mergers that could cause job losses and demanded immediate...
Christian Michel, 57, is a British businessman who has been extradited to India to face prosecution for alleged bribery in connection with New Delhi’s...
Fear of action by banks, along with signs of improvement in the economy, has helped state-run lenders recover over £3.65 billion of bad and sticky assets...
In a setback to Enforcement Directorate, a PMLA appellate tribunal has set aside the attachments of flats owned by Biocon CMD Kiran Majumdar Shaw and NRI...
Gujarati businessman Nitin Sandesara, who was wanted in a £500 million bank fraud case, was detained in Dubai recently, raising the possibility of his...
Authorities in the United Kingdom have confirmed that fugitive billionaire Nirav Modi is in their territory following which the CBI has moved an extradition...
The government of India has appointed Kumar Mangalam Birla, chairman of the Aditya Birla Group, and ITC chairman Y C Deveshwar as non-official independent directors for Air India.
