The IPO for Manba Finance, a Mumbai-based NBFC that finances two and three wheelers, has been subscribed 224 times. The company that aimed to mobilise £15.1 mn now has a demand for its shares worth nearly £2.4 bn. This is excluding the £4.5...

India’s decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading exporters said, helping New Delhi to increase its share of the global market.

The Reserve Bank of India (RBI) called September the busiest IPO month in 14 years. The month is near its end, but the primary market buzz is unlikely to fade as more than half a dozen companies want to raise around £6 bn in the next 60 days....

Tata Power said it has inked an initial pact with the Rajasthan government for investment of Rs 1.2 trillion, including £7.5 bn in green energy, in the state's power sector. The 10-year plan aims to support Rajasthan's transformation into a...

The Centre announced a £1.09 bn electric vehicle subsidy scheme, the PM E-Drive, marking the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) policy which has subsidized the purchase of over 1.6 million...

After facing a hammering in the stock markets, following an adverse judgment by the Supreme Court on the AGR issue, embattled telco Vodafone Idea (VIL) sought to assuage investor sentiments.

Implementing the FY25 Budget announcement, finance minister Nirmala Sitharaman launched the NPS Vatsalya, a pension scheme for minors. The scheme was launched simultaneously at 75 locations throughout the country, and over 250 PRANs (permanent...

India's equity indices Sensex and Nifty scaled their new record closing high levels on Monday, helped by strong foreign fund inflows and a largely firm trend in Asian markets.

Oravel Stays, the parent company of the global travel technology company Oyo, announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchiser and parent company of Motel 6 and Studio 6 brands, from Blackstone Real...

Tata Steel is building a huge new blast furnace in India while shutting its furnace in Port Talbot. Tata announced that the company had successfully commissioned India’s largest blast furnace at Kalinganagar in Odisha.