India's oil ministry will seek tens of millions of dollars from Vedanta’s Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block licence...
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 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...
India's oil ministry will seek tens of millions of dollars from Vedanta’s Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block licence...
Public sector banks in India that were not part of the consolidation process are going slow on their plans to monetise assets as part of their capital-raising efforts. These banks have decided to wait and see whether they are candidates for...
GST collections in March touched a record high of over £12. 3 billion, a 27 per cent growth over the year-ago period, India's Finance Ministry said. "GST...
India’s exports shot up by over 58% to $34 billion in March, led by a jump in engineering, garments, iron ore and pharma, while imports rose 53% to $48...
UK’s Cairn Energy plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets...
In a huge relief to both big and small borrowers, the Supreme Court ruled that waiver of interest on interest would apply to loans of all amounts in the six-month moratorium period from March 1 to August 31 last year during the Covid-19 pandemic...
In a big win for Tata Sons, the Supreme Court backed the removal of Cyrus Mistry as the chairman of the over $100 billion salt-to-software Tata Group in...
Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than...
India's finance minister Nirmala Sitharaman said the government would ensure protection of rights and perquisites of workers of public sector units that are put up for privatisation, and that all earlier commitments made would be honoured. The...
A Reserve Bank of India (RBI)'s preliminary estimates show a substantial waning of the household financial savings rate to 10.4% of GDP in the second quarter of 2020-21 from a high 21% in the preceding quarter, as households switched from an...