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...
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22nd Oct 2026 | Updated at 05:01pm 22nd Oct 2026
Jio Platforms set to record India’s biggest IPO
Reliance Industries chairman Mukesh Ambani is preparing to launch what could be India’s biggest-ever IPO, despite a market downturn. Mumbai-based Jio Platforms, backed by Meta and Google, aims to raise up to Rs 302 billion (£2.4 billion) at...
New Adani, IHC to Invest £8.5 billion in Odisha
Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH) signed a Memorandum of Understanding (MoU) with the Odisha government to develop a greenfield aluminium project worth $11.5 billion (Rs 1.08 lakh crore) (£8.5 billion).The...
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...
