India’s Gross Domestic Product (GDP) growth contracted 23.9 per cent in the April-June quarter. This also marked its entry into a recessionary phase this...
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 Gross Domestic Product (GDP) growth contracted 23.9 per cent in the April-June quarter. This also marked its entry into a recessionary phase this...
The Reserve Bank of India is pushing banks and non-bank finance companies to raise capital to brace for a possible pile up in bad debt in the coming months.
The People’s Bank of China (PBoC) has made a quiet entry into ICICI Bank as a shareholder. Earlier, its disclosure about having an over 1% stake in housing finance major HDFC had led to some hectic activity at the Centre, including a change...
The fear of the bankruptcy action has helped settle over 9,650 cases involving claims of around £37 billion, with companies and their promoters settling...
The Centre for Monitoring Indian Economy (CMIE) has said salaried jobs suffered the biggest hit during the lockdown, with total loss estimated to be at 18.9 million during April-July
In a first, the 18-month-old startup Pixxel has raised what is perhaps the largest seed funding of $5 million to send satellites into space from India
Prime Minister Narendra Modi has expanded the faceless assessment scheme to all taxpayers, unveiled a single page Taxpayers’ Charter and promised a faceless...
Reliance Industries denied a media report that its chairman Mukesh Ambani is readying a succession plan by setting up a family council that gives equal...
Last month, 21,00,000 people flew within India - 82% less than the 12 million passengers seen in July 2019
The Reserve Bank of India (RBI) announced a dividend payout of £5.71 billion to the government, in line with budget expectations but not enough to make...