The current account deficit in India narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion - 2% of GDP - recorded...
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...
The current account deficit in India narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion - 2% of GDP - recorded...
Global ratings agency S&P estimates India’s GDP growth to moderate to 6.8% in 2024-25 after a better than expected 7.6% growth in 2023-24.
Billionaire brothers Sudhir and Samir Mehta pledged to donate £500 mn to a slew of social causes on their father and Torrent Group founder’s birth centenary on Sunday. The Mehtas join the ranks of other billionaires who have committed large...
Growth in India's core sector rose to a three-month high in Feb, led by double-digit expansion in three of eight segments but the fertiliser sector contracted for second consecutive month.
Adani Ports will buy Shapoorji Pallonji Group’s Gopalpur Port in Odisha for an enterprise value of £308 million, adding to its pan-India network and enhancing its cargo volume.
In a ‘power’ deal, Mukesh Ambani's Reliance Industries will purchase 26% stake in Mahan Energen, a wholly owned subsidiary of Gautam Adani's Adani Power for £5 million and will source 500 megawatt of electricity from the Madhya Pradesh plant...
GST revenue for March saw the second highest collection ever at £17.8 billion, seeing a 11.5% year-on-year growth. This surge was driven by a significant rise in GST collection from domestic transactions at 17.6%.
The Indian government has opted to lease out approximately 1 million tonnes of empty strategic crude oil storage capacity to both Indian and international firms instead of using public funds to fill the available space in the caverns.
A report by real estate consultancy Knight Frank revealed that Mumbai and Bengaluru were among the top 10 cities in the Asia-Pacific region with the highest increase in residential prices in the second half of 2023. Additionally, the National...
Adani Total Gas Ltd (ATGL), India's leading city gas distribution company, and INOX India Ltd (INOXCVA), a global leader in cryogenic liquid storage and distribution, have entered into a mutual support agreement to bolster the country's Liquefied...