Insolvency proceedings against Reliance Capital

The Reserve Bank of India superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the board has not been able to address. RBI has also...

RIL says report of its bid for BT is ‘baseless’

Reliance Industries has denied it wants to make an offer for BT after an Indian newspaper reported it was interested in the UK telecoms group. Reliance called the article as “speculative and baseless”, after shares in BT jumped as much as 9...

US-based Amneal Pharmaceuticals Inc. has acquired Ahmedabad-based injectable drug maker Puniska Healthcare Private Limited for around £70 million. The buyout is expected to boost the New York Stock Exchange (NYSE) listed Amneal’s injectables...

The Indian capital market is set to witness one of the busiest fortnights in its history as six companies have lined up to raise about £3.14 billion by November 10. The six issues include the one from tech-enabled payments major One 97 Communications,...

Indians paid nearly £970 million in the form of fees hidden in inflated exchange rates while making remittances in 2020. This is more than a third (36%) of the total fees of £2.63 billion that Indians paid for sending money across their country’s...

The government reappointed Shaktikanta Das as the governor of the Reserve Bank of India (RBI) for a period of three years from December 20, 2021, or until further orders. Completion of the term would make Das the longest serving governor in...

The government signed the share purchase agreement (SPA) with Tata Group for Air India’s divestment, sticking to the timelines that aim at transferring the airline to its new owner by the end of this fiscal. The £1.8 billion deal, which will...



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