Billionaire Gautam Adani is courting sovereign wealth funds to raise roughly $5 billion in equity across his sprawling business empire and reduce leverage,...
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3rd Feb 2026 | Updated at 12:49am 3rd 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.
Social media giant Meta, which runs apps such as Facebook, Instagram and WhatsApp, has appointed Sandhya Devanathan as the vice-president for Indian operations.
The official data showed the exports contracted for the first time since February 2021 and imports grew at their slowest pace in 21 months, widening the trade deficit in October.
About “one-third” of the stalled Jet Airways 2.0’s 230 employees (about 70) will be sent on leave without pay or face pay cuts of up to 50% starting December 1, 2022.
Reliance Industries wants to establish itself in India's towns and cities by controlling the $800 billion retail market as well. This includes forming alliances with high-end fashion brands like Balenciaga and buying a Coca-Cola knockoff.
The proposed merger of Air India and Vistara has been finalised by the Tata Group and Singapore Airlines (SIA). SIA would own the remaining portion in...
The USA ordered Air India to pay up to $121.5 million in refunds to passengers who had their flights cancelled or changed, mostly due to the Covid-19 pandemic. In addition, the airline has been asked to pay another $1.4 million in fines for...
LIC has reported a record net profit of £1.59 billion for the September quarter, over 10 times the £143.3 million profit in the year ago period. The corporation had recorded a net profit of £68.2 million in the June quarter. LIC reported a 10%...
The government through the Specified Undertaking of the Unit Trust of India (SUUTI) has said that it will sell its 1. 6% stake in Axis Bank. At current market price of Rs 874, the stake is worth £444.3 million.
Companies led by Mukesh Ambani and Gautam Adani have entered into the race to buy Future Retail, which is heavily indebted. April Moon Retail Private, a joint venture between Adani Airport Holdings and Flemingo Group, Reliance Retail Ventures,...
