India's retail inflation eased slightly to a 12-month low in May with prices of some food items moderating marginally, while the index of industrial production (IIP) growth held steady at 5% level in April.

Finance minister Nirmala Sitharaman said the Modi govt intends to move on the reforms path to boost macroeconomic stability and growth, amid indications that the Union Budget will be presented around the third week of July, with consultations...

Korean car major Hyundai Motor is looking to sell around 17% stake in its Indian arm through an initial share sale (IPO), which may be India’s biggest issue so far, to raise as much as £2,5 billion, valuing the company at around £15 bn. With...

Debt-ridden telecom operator Vodafone Idea (VIL) will allocate shares worth £245.8 mn to key infra vendors - Nokia and Ericsson - to clear partial dues.

The Gautam Adani family owned Ambuja Cements is buying Penna Cement Industries in a deal valued at £1.04 bn including debt, expanding its presence in the south. The transaction marks Ambuja’s fourth M&A after Adani checked into the sector through...

India's foreign exchange reserves surged to a record high of $655.8 billion on June 7, 2024, marking an increase of $4.3 billion over the week.

The World Bank raised India’s growth projection for the current fiscal to 6.6%, compared with 6.4% estimated earlier, driven by domestic demand

A plea has been filed in the Supreme Court, seeking directions to the Centre and the Securities and Exchange Board of India (SEBI) to submit a detailed report into the stock market crash on the day of election results on June 4, when investors...

Novelis, a part of Kumar Mangalam Birla’s Hindalco Industries, has decided to postpone its $945-million IPO in the US due to market conditions. It will continue to evaluate the timing of the IPO, the aluminium producer based in Atlanta said.Novelis...

The Saudia Group is keen to pitch its upcoming mega maintenance, repair, and overhaul (MRO) facility to Indian carriers, and has already approached Tata group carrier Air India for the same, a senior executive with the Saudi Arabian aviation...