A special PMLA court has, in two separate orders passed within the last 10 days, allowed the restoration of properties of fugitive liquor baron Vijay Mallya...
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24th Apr 2024 | Updated at 06:44am 24th Apr 2024
Tata Motors Q3 net more than doubles to £714.5 mn
Smashing street estimates, Tata Motors’s Q3FY24 profit more than doubled to £714.5 million, benefiting from the strength of its UK luxury car business, Jaguar Land Rover (JLR). It had posted a profit of £304.3 million in the year-ago period,...
India Inc wants RBI to go slow on interest rate hikes
India Inc is pressing the RBI to hold off on rate increases as borrowing prices rise. According to information made public by the trade group Ficci, the average interest rate grew by one percentage point to roughly 9.4% during the most recent...
The finance ministry asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss authorities...
The World Bank slashed India’s GDP growth estimate for the current fiscal year to 8.3% from its previous projection of 10.1%, citing the impact of the...
The National Company Law Tribunal (NCLT) has approved billionaire Anil Agarwal’s £300 million offer for the debt-ridden Videocon Group. The offer by Twin Star Technologies, a company owned by Agarwal, is against the more than £4.6 billion debt...
Tata Digital Ltd, a wholly-owned arm of Tata Sons, said it will acquire a majority stake in 1MG Technologies Ltd, an online healthcare marketplace. The...
India's forex reserves crossed the $600-billion mark for the first time on the back of continued foreign investment flow into the capital markets. According...
The Reserve Bank of India (RBI) expects the now ebbing second wave of the coronavirus disease pandemic in India to have only a small (1 percentage point) impact on the economy, and, in fact, has projected that GDP growth will be faster than...
India’s foreign exchange reserves is likely to have crossed a new record of $600 billion in the first week of June, RBI governor Shaktikanta Das said....
Although airlines in India is recovering faster than in places like Singapore and Hong Kong, the impact of the pandemic is still being felt. No-frills...
The Indian government may sell its stake in Central Bank of India and Indian Overseas Bank (IOB) as part of its mega privatisation initiative unveiled in the Union Budget in February. While the two banks have been recommended for disinvestment...
