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...
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22nd Apr 2021 | Updated at 09:48am 22nd Apr 2021
Govt won't go for lockdowns in big way: Sitharaman
Amid surging coronavirus cases in India, finance minister Nirmala Sitharaman made it clear that the government would not go for lockdowns in a big way and only resort to local containment. In a virtual meeting with World Bank Group President...
Tata Sons exits BPM biz, offloads Conneqt stake
Tata Sons has sold its remaining 30% in the business process management (BPM) unit Conneqt to Quess Corp - majority owned by Indian-Canadian businessman Prem Watsa - for £20.8 million.
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...
The UK has overtaken India to claim the fourth spot among top growth destinations, while the US extended its lead over China as the top market where CEOs are looking for growth, a survey showed. The PwC’s annual CEO survey said that post-Brexit,...
The government is targeting half its asset monetisation target of £25billion from railways and telecom, while scouting for new areas, including warehouses to store foodgrains, coal and other mines and tourism infrastructure, to mop-up resources...
India and China have called upon World Trade Organization (WTO) members to address long-pending concerns over public stockholding and special safeguard...
Wipro will acquire London-based global management and tech consultancy Capco for $1.5 billion to bolster its presence in the banking, financial services & insurance (BFSI) space. The deal, which is Wipro’s largest acquisition ever, will also...
Foreign equity inflows in India shot up 40% to $52.9 billion with gross FDI rising over 22% to $67.5 billion during April-December 2020 on the back of deals in the digital space, such as those involving Reliance Jio. Net inflows were estimated...
