India's market regulator Sebi said it has attached the assets of PACL, its promoters and directors for failing to refund about £6 billion that the company had been raising illegally from five crore investors since 1997
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26th Jul 2024 | Updated at 10:25pm 26th Jul 2024
Tata Motors Q3 net more than doubles to £714.5 mn
Smashing street estimates, Tata Motors’s Q3FY24 profit more than doubled to £714.5 million, benefiting from the strength of its UK luxury car business, Jaguar Land Rover (JLR). It had posted a profit of £304.3 million in the year-ago period,...
India Inc wants RBI to go slow on interest rate hikes
India Inc is pressing the RBI to hold off on rate increases as borrowing prices rise. According to information made public by the trade group Ficci, the average interest rate grew by one percentage point to roughly 9.4% during the most recent...
India's retail inflation accelerated to a 14-month high in November, driven up by higher food prices, underscoring the challenge the Reserve Bank of India (RBI) faces in meeting its medium-term inflation target.
India is set to sign a deal with Japan this week on the country’s first bullet train, with Tokyo financing the bulk of the high-speed rail project between...
The prospects of a US rate hike, coupled with slow progress in the Indian Parliament in approving a key economic legislation, subdued Indian equity markets, leading to a barometer index provisionally closing 72 points in the red.
A strengthening US dollar, along with the central bank's attempts to stop the volatility in the rupee's value, depleted India's foreign exchange reserves by $750.2 million
India's finance minister Arun Jaitley has urged Indian exporters to produce quality products at competitive prices in the face of slowing demand in international markets and in the context of the continuous decline in the country's exports.
In an overwhelming response to the government's gold bond scheme, the first tranche has received 63,000 applications for 917 kg of the metal, worth £24.6...
The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017.
Marking the exit of yet another foreign bank, from the cut-throat wealth management business in Asia's third-largest economy, HSBC is shutting its private banking unit in India
India is expected to displace Britain as the third-largest air transport market by 2026, an International Air Transport Association's updated passenger...
