Tata Steel said it was likely to write down a total of Rs 65 billion for the 2014-15 fiscal mainly due to impairment of a unit in the UK, a part of its European operations, and a coal project in Mozambique.
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22nd Oct 2026 | Updated at 03:03pm 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...
Eicher Motors, the makers of Royal Enfield motorcycles, announced the acquisition of Britain-based Harris Performance Products Ltd for an undisclosed sum.
India's key infrastructure sector remained under stress in March with data showing that annual growth in output fell, dragged down by a sharp decline in cement and steel sectors.
Global rating agency Moody’s said any upgrade in India’s sovereign rating would depend on implementation of policies by its leaders to improve business...
The Indian economy has turned the corner but wider reforms are needed to boost growth, the World Bank said, and estimated the economy to expand by 7.5%...
Anil Agarwal-led Sesa Sterlite, which was renamed as Vedanta recently, has been hit hard by falling crude prices as it booked nearly Rs 200 billion ($3 billion) as “goodwill impairment charges” related to its oil and gas business.
To make it easy to do business in India, the central government has rationalised certain documentation procedures required for companies
India's inflation is likely to average 3.7 per cent in the current fiscal, which is higher than the 2 per cent recorded in the last fiscal, a Dun & Bradstreet research report said
India’s steel consumption growth is likely to be the highest both in current year and the next at 6.2% and 7.3%, respectively, while all other major consuming...
The government of India provided some relief to overseas investors on the contentious issue of minimum alternate tax (MAT).
