Kishore Biyani has resigned from his position as chairman of the board of the insolvent Future Retail, which is currently under suspension.
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 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.
Kishore Biyani has resigned from his position as chairman of the board of the insolvent Future Retail, which is currently under suspension.
The CBI has recorded a case against GTL Ltd, some unknown bankers and directors for allegedly defrauding a consortium of banks for an amount to the tune of £476 million by creating an array of shell firms to divert bank money.
India's finance minister Nirmala Sitharaman is set to go for a fresh push for capital expenditure, especially for sectors such as railways and roads, in her fifth Budget, as she seeks to ensure that global headwinds don’t take a toll on the...

India’s electric vehicle sector is gearing up from a standing start.
The government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank, according to an official clarification issued.
The Tata Motors may be considering a resurrection of the people’s car Nano in an electric version with substantial revamp of its original platform, including changes to its suspension and tyres, sources in the automotive industry said.
Leading Chinese firms like Vivo, Oppo and Xiaomi have agreed to export devices made in India to countries all over the world, giving away a portion of crucial manufacturing output from their Chinese factories.
The Reserve Bank of India raised the benchmark interest rate by 35 basis points, bringing the total increase since May to 225 basis points.

The World Bank increased its estimate of India's GDP growth to 6.9% for FY23, citing the country's economy's increased resilience to global shocks.
India’s gross domestic product (GDP) growth slowed in the July-September quarter due to a number of factors, including high inflation and rising interest rates, impact of the geopolitical situation and contraction in manufacturing and mining...