Citi’s decision to quit the Indian market has thrown up an opportunity for domestic private banks that are looking to scale up their credit card business....
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4th Feb 2026 | Updated at 12:35am 4th Feb 2026
India’s economic rise signals global power shift
India has now surpassed Japan to become the world’s fourth-largest economy in nominal GDP, with a GDP of $4.18 trillion, according to the government’s year-end economic review.The country is poised to overtake Germany within the next 2.5 to...
India poised to be 3rd largest economy by 2030: S&P
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.
India has emerged as the fastest growing market in Asia for the US' Levi Strauss & Co. For the first quarter of 2020-21 that ended February 28, the company’s sales in India grew ahead of the same period in 2019, Harmit Singh, global CFO at Levi...
The Reserve Bank of India (RBI) has announced a government securities acquisition programme (G-SAP) where it has committed to buy bonds worth £10 billion in the first quarter. This unprecedented step has been taken to keep interest rates in...
Sparring telecom companies Airtel and Reliance Jio came together for a near £150 million spectrum trading deal as the mobile operators took steps to rationalise...
The International Monetary Fund (IMF) raised India’s growth projections for 2021-22 to 12.5% from its January estimate of 11.5%, making it the fastest...
Reliance Industries said it has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit.
The World Bank has raised India's growth forecast to 10.1 per cent for the next financial year 2021-22, compared to the earlier estimate of 5.4 per cent.
India's oil ministry will seek tens of millions of dollars from Vedanta’s Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block licence...
Public sector banks in India that were not part of the consolidation process are going slow on their plans to monetise assets as part of their capital-raising efforts. These banks have decided to wait and see whether they are candidates for...
GST collections in March touched a record high of over £12. 3 billion, a 27 per cent growth over the year-ago period, India's Finance Ministry said. "GST...
