Jio Platforms set to record India’s biggest IPO

Reliance Industries chairman Mukesh Ambani is preparing to launch what could be India’s biggest-ever IPO, despite a market downturn. Mumbai-based Jio Platforms, backed by Meta and Google, aims to raise up to Rs 302 billion (£2.4 billion) at...

New Adani, IHC to Invest £8.5 billion in Odisha

Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH) signed a Memorandum of Understanding (MoU) with the Odisha government to develop a greenfield aluminium project worth $11.5 billion (Rs 1.08 lakh crore) (£8.5 billion).The...

According to sources, IT major Infosys is shifting its services from Russia to other global delivery centres. The move comes amid mounting pressure on UK Chancellor Rishi Sunak, who has been fielding some tough questions lately over the Russian...

A Gurgaon-based couple became India's first husband and wife to build their respective startups into enterprises with at least $1-billion valuation, also known as unicorns. Oxyzo Financial Services, a digital lending startup co-founded by Ruchi...

Global rating agency Fitch and the United Nations have slashed India’s projected economic growth for 2022. While the UN has downgraded the growth by over 2% to 4. 6%, Fitch slashed forecast to 8.5% for the fiscal 2022-23 from its earlier projection...

RBI’s foreign exchange reserves dipped for the second week as the central bank sold dollars to manage the volatility in the forex market arising out of the war in Ukraine. According to data released by the RBI, forex reserves fell by $2.6 billion...

Led by a strong push by Apple and Samsung to harness benefits and commitments under the government’s production-linked incentive scheme, exports of smartphones are set to cross the $5 billion mark in 2021-22, the record number coming in as companies...

With a fortnight to go, India's direct tax collections have topped the revised estimates for the current financial year on the back of robust growth across corporation and personal income tax segments. Data released by the CBDT pegged the net...



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