Mukesh Ambani's Reliance Industries has received approval from the United States to resume importing oil from Venezuela despite Washington’s sanctions, a source familiar with the matter said.
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24th Oct 2024 | Updated at 08:07pm 24th Oct 2024
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.
Bajaj Housing Finance shares surge 136% on debut
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...
Markets regulator Sebi has banned fugitive billionaire Vijay Mallya for three years for illegally routing funds through layered transactions using foreign entities and banks to jack up prices of his own companies and also profit from the same....
India will soon have a “Made in India” smart digital cluster and smart module for the 2-wheeler Industry. Semiconductor company MediaTek of Taiwan has tied up with Jio Platforms to revolutionize the electric vehicle landscape.
Kenya Airports Authority (KAA) said it has received an investment proposal from the Adani Group for the upgradation of the airport in Nairobi. The investment proposal under the public-private partnership has been submitted by Adani Airport Holdings...
In a strategic move to bolster his position as India’s largest building materials maker, billionaire Kumar Mangalam Birla has struck a deal with N Srinivasan and his family to acquire their cement business for £395.4 mn.
Apple is finally set to make Pro series of iPhones in India, in an affirmation to the country’s Make in India initiative. However, there are “no immediate plans” to assemble iPad tablets and MacBook laptops in India for now.
ICICI Bank has launched the ‘Student Sapphiro Forex Card’, a premium forex prepaid card crafted specifically for students who are travelling abroad from India for higher education to overseas destinations, including the UK.
Reliance Industries posted a 4% drop in first quarterly profit, hurt by weak refining margins. Profit stood at £1.74 bn in Q1FY25, falling short of analysts’ expectations. Revenue gained 12% to £ 23.6 bn benefiting from the strength of oil-to-chemical...
India's commerce and industry minister Piyush Goyal appealed to the Indian diaspora of the US to help promote the country as a preferred investment destination, highlighting the vast opportunities available in various sectors.
Governor Shaktikanta Das said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions,...
