World Bank raises India's growth forecast to 6.9% from 6.5%

The World Bank increased its estimate of India's GDP growth to 6.9% for FY23, citing the country's economy's increased resilience to global shocks.

Adani Group wins Dharavi redevelop project bid

The Adani Group has emerged as the highest bidder for the 259- hectare Dharavi Redevelopment Project, official sources said. The group has put in a £506.9 million bid for the redevelopment of one of the largest slum sprawls in the world, outbidding...

Reliance Industries (RIL) will obtain 79% stake in SenseHawk, a California-based software developer for the solar energy sector, for $32 million. The deal is part of RIL’s broader play in renewable energy, an area in which it last year announced...

SpiceJet, which is facing net loss to £78.9 million in the June quarter as high fuel prices and rupee depreciation adversely impacted the budget carrier. Amid the financial turmoil, the airline plans to raise $200 million and expects to complete...

The £5.12 billion net buying of Indian stocks by foreign funds in August, a 20-month high figure, has convincingly reversed a nine month continuous selling by these institutions. But flow-related volatility could continue for a while, brokers...

India's Goods and services tax (GST) collection remained above £14 billion for the fifth month in a row, increasing 28 per cent year-on-year (YoY) to nearly £14.9 billion in July. This was the second-highest mop-up since the rollout of the regime.



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