Debt-ridden telecom operator Vodafone Idea (VIL) will allocate shares worth £245.8 mn to key infra vendors - Nokia and Ericsson - to clear partial dues.

The Gautam Adani family owned Ambuja Cements is buying Penna Cement Industries in a deal valued at £1.04 bn including debt, expanding its presence in the south. The transaction marks Ambuja’s fourth M&A after Adani checked into the sector through...

India's foreign exchange reserves surged to a record high of $655.8 billion on June 7, 2024, marking an increase of $4.3 billion over the week.

The World Bank raised India’s growth projection for the current fiscal to 6.6%, compared with 6.4% estimated earlier, driven by domestic demand

A plea has been filed in the Supreme Court, seeking directions to the Centre and the Securities and Exchange Board of India (SEBI) to submit a detailed report into the stock market crash on the day of election results on June 4, when investors...

Novelis, a part of Kumar Mangalam Birla’s Hindalco Industries, has decided to postpone its $945-million IPO in the US due to market conditions. It will continue to evaluate the timing of the IPO, the aluminium producer based in Atlanta said.Novelis...

The Saudia Group is keen to pitch its upcoming mega maintenance, repair, and overhaul (MRO) facility to Indian carriers, and has already approached Tata group carrier Air India for the same, a senior executive with the Saudi Arabian aviation...

India’s biggest telecom companies, led by rival billionaires Mukesh Ambani and Sunil Bharti Mittal, are primed to launch satellite internet services as they challenge Elon Musk’s attempts to establish Starlink in the country.

In its second meeting for FY25 and the first after the general elections, the Reserve Bank of India (RBI) announced that the benchmark repo rate will remain unchanged at 6.5 per cent for the eighth consecutive time. The decision was taken by...

Indian stock market hit record high on Monday, with the benchmark Sensex rising above 77,000 and the Nifty 50 scaling above 23,400, amid upbeat sentiment. The positive momentum in the equity market came after Narendra Modi took oath as India’s...