Online payments have grown at a fast phase in recent years but frauds in such transactions have grown faster. Credit card and online frauds have increased 425% to £145.7 mn FY24 from £27.7 mn in the year-ago period. Card and UPI payments rose...

Global rating agency Standard & Poor (S&P) announced a revision in the outlook for the Indian economy from ‘stable’ to ‘positive’, while affirming the overall rating at ‘BBB-’, which represents the lowest investment grade rating. The transfer...

Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. “It’s a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in...

Goods and services tax collections went up by 10% to £17.27 bn in May as the growth in collection from domestic sources made up for the shortfall in the imports kitty.

Tata Steel will infuse $2.1 billion (£1.74 bn) in its Singapore arm, to repay debt of its offshore entities and to “support the restructuring costs” of its loss-making UK operations. Further, it will convert debt instruments worth $565 million...

Indian equity benchmark indices BSE Sensex and NSE Nifty closed 6 per cent lower on Tuesday (June 4) after staging a partial recovery in afternoon trade. At the time of the closing bell on the day of Lok Sabha election results 2024, Sensex was...

An Adani Ports and Special Economic Zone Ltd (APSEZ) joint venture has entered into an agreement with Hutchison Port Holdings Ltd to acquire 95% stake in a container terminal company at the Port of Dar es Salaam in Tanzania

India’s economy is estimated to have grown by 8.2% in 2023-24, led by a solid expansion in manufacturing and construction sectors, and a strong push from Jan-March quarter growth, beating expectations and laying a robust foundation for the new...

Anil Ambani’s debt-ridden Reliance Capital secured a buyout offer of £965 mn from Hinduja Group’s IndusInd International Holdings Limited (IIHL) a few months ago. Hinduja Group’s firm has already received clearance from SEBI, CCI, IRDAI and...

After flying for nearly 18 years, India's largest airline IndiGo announced that it will introduce business class in flights this year, as the carrier seeks to provide more options for passengers amid rising economic growth. The airline will...