At $460 billion, business interests of India's three wealthiest families’ put together are worth as much as Singapore’s GDP.
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.
Shares of Bajaj Housing Finance, one of India's biggest mortgage providers, shot up by as much as 136 per cent to Rs 165 during its trading debut on India's stock exchanges on Monday, after the $782 mn offering drew bids for more than 67 times...
At $460 billion, business interests of India's three wealthiest families’ put together are worth as much as Singapore’s GDP.
India's foreign exchange (forex) reserves jumped by $7.533 billion to hit a fresh record high of $674.919 billion for the week ended August 2. Reserve Bank of India (RBI) data showed that the overall kitty had dropped by $3.471 billion to $667.386...
Ford Motor Company, commonly known as Ford, could reenter India with a global team of the US car giant, including CEO Jim Farley, set to consider a fresh proposal with a new strategy for the market. The company exited India in 2021.
State Bank of India reported a 1% increase in its Q1FY25 net profit to £1.7 bn from £1.68 bn in the corresponding quarter last year. However, profits were almost flat due to a reduction in interest margins and a 70% jump in provisions for bad...
Adani Group's power transmission and distribution arm raised $1bn in an equity sale, the first since the Indian conglomerate canned a share placement after being hit by damaging corporate fraud allegations.
Adani Group is considering investment of more than $2b in Lien Chieu port, Vietnam's coastal city of Danang, according to a posting on the Southeast Asian country's govt website, citing co.'s chairman Gautam Adani in a meeting with Vietnamese...
Apple has seen record revenue growth in India and over two dozen countries in the June quarter, its CEO Tim Cook said. Apple posted a 7.8% growth in net income to $21.4 billion in the June quarter of 2024 compared to $19.8 billion in the year-ago...
A global market sell-off, triggered by weak employment data in US and fears of large speculative losses in the forex market due to a strengthening Japanese yen, also swept Dalal Street, sending investors into a panic-selling mode on Monday and...
After a muted growth in June, goods and services tax (GST) collections made a comeback to rise 10.3% to £18.20 bn in July - the third highest monthly collection since the new regime kicked in seven years ago.
Electric scooter startup Ola Electric’s £614.6 mn IPO - biggest this year - is set to to open on Aug 2. This will be the first IPO by an auto company since Maruti Suzuki (then Maruti Udyog) went public in mid-2003.