UK’s Cairn Energy plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets...
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19th Apr 2021 | Updated at 04:58pm 19th Apr 2021
Airtel and Jio seal £150 mn spectrum deal
Sparring telecom companies Airtel and Reliance Jio came together for a near £150 million spectrum trading deal as the mobile operators took steps to rationalise and monetise their spectrum holdings just weeks after the conclusion of a mega airwave...
IMF raises India’s FY22 growth forecast to 12.5 per cent
The International Monetary Fund (IMF) raised India’s growth projections for 2021-22 to 12.5% from its January estimate of 11.5%, making it the fastest growing major economy in the world. Top Indian policy makers have so far said there is no...
In a huge relief to both big and small borrowers, the Supreme Court ruled that waiver of interest on interest would apply to loans of all amounts in the six-month moratorium period from March 1 to August 31 last year during the Covid-19 pandemic...
In a big win for Tata Sons, the Supreme Court backed the removal of Cyrus Mistry as the chairman of the over $100 billion salt-to-software Tata Group in...
Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than...
India's finance minister Nirmala Sitharaman said the government would ensure protection of rights and perquisites of workers of public sector units that are put up for privatisation, and that all earlier commitments made would be honoured. The...
A Reserve Bank of India (RBI)'s preliminary estimates show a substantial waning of the household financial savings rate to 10.4% of GDP in the second quarter of 2020-21 from a high 21% in the preceding quarter, as households switched from an...
Reports say that Tata Group and SpiceJet promoter Ajay Singh have been shortlisted for the bid to buy out Air India. The two will now have to submit financial...
The Rajya Sabha last week passed the Insurance (Amendment) Bill, 2021 - which seeks to raise the foreign direct investment (FDI) cap in insurance sector...
The Delhi High Court on Monday stayed a single judge’s order restraining Future Retail from going ahead with its multi million deal with Reliance Retail to sell its business. A division bench of Chief Justice D N Patel and justice Jasmeet Singh...
In a surprise announcement, Tata Motors said that former Daimler executive Marc Llistosella, who was named chief executive officer (CEO) of the company a little over a month ago, will not join the firm. The Tata Motors statement did not give...
