Net direct tax collections rose 17.7% to nearly £196 bn during the last financial year, surpassing the revised estimate and providing comfort to the Centre to close the year with healthier than expected fiscal deficit.
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2nd Feb 2026 | Updated at 09:33pm 2nd Feb 2026
India’s economic rise signals global power shift
India has now surpassed Japan to become the world’s fourth-largest economy in nominal GDP, with a GDP of $4.18 trillion, according to the government’s year-end economic review.The country is poised to overtake Germany within the next 2.5 to...
India poised to be 3rd largest economy by 2030: S&P
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.
Infosys reported the lowest annual revenue growth at 1.4% since it was founded in 1981. The IT giant’s constant currency revenue grew 1.4% in financial year 2023-24, narrowly missing its own forecast, as clients continued to cut spends after...
Gautam Adani and his family has infused £833.9 mn into Ambuja Cements, raising their stake in the company to 70.3% from 66.7%.
It’s not just billions of dollars that Apple is churning out in India through production at factories, but the world’s most valuable electronics maker is also talking green. The company, which is likely to ring in $14 billion in India production...
The International Monetary Fund raised India’s GDP growth forecast for the current fiscal year to 6.8%, as against 6.5% earlier, on the back of strong domestic demand and a rising working age population. The projection will help India remain...
Ambuja Cements, the cement and building material company of Adani Group, has signed an agreement to acquire My Home Group’s 1.5 mtpa (million tonne per annum) cement grinding unit in Tuticorin in Tamil Nadu.
Ailing telecom operator Vodafone Idea (VIL) said it plans to raise up to £1.8 billion through share sale in the biggest follow-on public offer (FPO) as it moves to mobilise resources to invigorate operations and work towards launching 5G.
India's retail inflation eased to a five-month low in March on the marginally moderating food inflation, while industrial output growth rebounded to a four-month high in Feb, led by robust infra sectors and consumer durables output.
Pegatron is reportedly in talks to hand over its only iPhone manufacturing facility in India to the Tata Group, the Taiwanese firm's latest scale back of its Apple partnership. The deal, if it goes through, will see Tata holding at least a 65%...
The Hinduja Group will buy a 60% stake in American asset manager Invesco’s India mutual fund unit, marking its entry into the industry even as Jio Financial Services-BlackRock joint venture gears up to disrupt the market.
