Reliance Industries (RIL) reported a 46% rise in quarterly profit, helped by higher price realisations in its oil-to-chemicals (O2C), digital services...
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1st Dec 2021 | Updated at 04:26pm 1st Dec 2021
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The Reserve Bank of India superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the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...
In a double win for Amazon, the Singapore International Arbitration Centre (SIAC) has rejected Future Retail’s (FRL’s) plea to lift the interim stay on...
Markets regulator Sebi has cleared the £1.66 billion initial public offer of One97 Communications, the parent company of Paytm. This would make the IPO...
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...
The government is pushing to get the initial public offering of state-backed Life Insurance Corp. of India across the line by next March and any delay...
Expressing confidence that India is on track to achieve its merchandise export target of $400 billion this financial year, a Central government official...
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...
Tata Motors is in early talks with Ford to buy the latter’s units in Tamil Nadu and Gujarat, multiple sources said. If the transaction materialises, it...
Strategic reforms and the rapid vaccination drive has placed India on the path to swift recovery by enabling the economy to “navigate the ravaging waves” of the Covid-19 pandemic, according to the Finance Ministry’s Monthly Economic Review.
