The Reserve Bank of India (RBI) announced an increase in key interest rates by 40 basis points, the first increase since August 2018 and the sharpest in nearly 11 years, as it shifted gears to tame surging prices. Rising prices against the backdrop...
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1st Jul 2022 | Updated at 10:31am 1st Jul 2022
New private airline ‘Akasa’ to be launched soon
One more private airline in India will soon be launched. Billionaire investor Rakesh Jhunjhunwala backed airline Akasa will take to the skies from July-end and ticket sales could begin by early July.
Gautam Adani pledges £6 bn for charity to mark his 60th birthday
Gautam Adani and his family has pledged to donate £6 billion to social causes to mark his 60th birthday on 24 June and to pay tribute to the 100th birth anniversary of his father, Shantilal Adani. This is the biggest philanthropic commitment...
Tata Steel closed fiscal 2022 with record profit in its history, displacing Tata Group’s crown jewel TCS from the top slot as the most profitable entity of the $103 billion steel-to-software conglomerate. The company, one of the oldest units...
The Indian rupee breached the 77-level for the first time to hit a new low of 77.53 against the US dollar, raising concerns that a new front has opened...
The £2.1 billion initial public offering (IPO) for LIC received a huge response from domestic institutions and was oversubscribed nearly three times by...
Tata Steel, the largest Indian importer of Russian coal this year, will stop buying the commodity in a sign that Vladimir Putin’s invasion of Ukraine has made it more perilous to do so. Tata Steel pointed to “uncertainties” over the supply of...
Kolkata-based packaged goods firm Emami Ltd has acquired the Dermicool brand from Reckitt Benckiser Healthcare for a total consideration of £43.2 million, it said in a regulatory filing.
The LIC’s initial public offering (IPO) size will have a price band of Rs 902 to Rs 949, resulting in the issue size being between £2 and 2.1 billion, depending on the final price, making it India's largest IPO even after being scaled down due...
In what will be its first M& A under new owner Tata Sons, Air India has proposed to buy low cost carrier AirAsia India, according to an application with the Competition Commission of India (CCI). The move will see Malaysia’s AirAsia exiting...
Mukesh Ambani's Reliance Industries is now working on the potential bid for UK's high street chain Boots with US buyout firm Apollo Global Management....
Indian conglomerate Tata has cut business ties with Russia as the corporate fallout from the invasion of Ukraine spreads. Tata Steel has said that it has taken a “conscious decision to stop doing business with Russia”.
