India's conglomerates have not only gained heft in the market but have also created wealth for shareholders big time. Thanks to the sizzling rally in group companies’ share prices and speedy recovery in their earnings after the first Covid wave,...
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22nd Oct 2026 | Updated at 06:32pm 22nd Oct 2026
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...
India's finance minister Nirmala Sitharaman called for expansion of banking services in the country, stating that there are still many districts without...
The National Asset Reconstruction Company (NARCL) will have maximum impact on loan books of Bank of India (BoI), Union Bank and Punjab National Bank (PNB), which will sell over 1% of their loans to the bad bank. According to rating agency Crisil,...
After getting rapped for accepting Vedanta group's bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries approached...
Tata Sons, the holding company of India's largest conglomerate, and SpiceJet chief Ajay Singh are among those who submitted financial bids to acquire loss-making...
The central government approved several measures to extend a lifeline to the cash-strapped telecom sector, including a redefinition of the much-litigated concept of adjusted gross revenue (AGR) to exclude non-telecom revenue and a four-year...
The Supreme Court struck a balance between the interests of Amazon and Reliance Industries (RIL), engaged in a high stakes litigation from Singapore to Delhi over the Kishore Biyani-led group’s ‘Future Retail’. The apex court stalled the Delhi...
Jet Airways, which had gone into insolvency proceedings, will start domestic flights in India by the first quarter of 2022, while short-haul international...
The long-pending Airbus-Tata project to build 56 C-295 transport aircraft, which will replace the old Avro-748 planes of the IAF at a cost of over £2.1 billion, was finally cleared by the Cabinet Committee on Security. While 16 of the twin-turboprop...
After the exit of General Motors and Harley-Davidson, it’s now the turn of another iconic brand - Ford to quit India. Having invested over $2.5 billion in India, and with a presence since 1995, Ford ended 2020-21 selling 48,042 units to garner...
