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,...

Goldman Sachs has promoted 80 employees globally as partners. There are eight Indians in total, with Sivasubramanian Balaji, the co-head of engineering in Bengaluru and the global co-head of data lake engineering, based in India in the Bengaluru...

India's gross direct tax collections rose almost 30.7% to over £105 billion in the financial year up to November 10, with the mop-up so far reaching 61% of Budget estimates. The latest numbers released by CBDT indicated that the growth rate...

Reliance Industries (RIL) has appointed senior banker K V Kamath as chairman of its prospective NBFC venture, Jio Financial Services. Kamath has also been appointed as an independent director to the board of RIL, the parent company of Jio Financial,...

According to the RBI's weekly statistical supplement published last week, India's foreign exchange reserves increased by $6. 6 billion to $531.1 billion in the week ending October 28.