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.
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30th Jan 2023 | Updated at 07:04pm 30th Jan 2023
World Bank raises India's growth forecast to 6.9% from 6.5%
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.
Adani Group wins Dharavi redevelop project bid
The Adani Group has emerged as the highest bidder for the 259- hectare Dharavi Redevelopment Project, official sources said. The group has put in a £506.9 million bid for the redevelopment of one of the largest slum sprawls in the world, outbidding...
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,...
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...
India is on track to surpass Japan and Germany to become the third-largest economy in the world by 2027 and to have the third-largest stock market by 2030,...
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,...
