Insolvency proceedings against Reliance Capital

The Reserve Bank of India superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the board has not been able to address. RBI has also...

RIL says report of its bid for BT is ‘baseless’

Reliance Industries has denied it wants to make an offer for BT after an Indian newspaper reported it was interested in the UK telecoms group. Reliance called the article as “speculative and baseless”, after shares in BT jumped as much as 9...

The US has overtaken China as India’s largest trading partner, thanks to faster growth during the first nine months of 2021. Data collated by the commerce department showed that during January-September, two-way trade between India and the US...

Indian startups have got record funding in Q3 of 2021, with investment totalling $10.9 billion across 347 deals - the first-time investments in a quarter have crossed the $10 billion mark, as per the PwC India. This was twice the amount of funding...

Global ratings agency Moody’s Investors Service on Tuesday retained the lowest investment grade rating (Baa3) on India’s sovereign rating but changed the outlook to stable from negative, citing that the downside risks from negative feedback...



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