The finance ministry has asked banks to cut non-core business expenses by 20% and asked lenders to avoid incurring non-essential expenditure like staff cars, refurbishing guests houses or spending on interior decoration items
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27th Aug 2026 | Updated at 09:12pm 27th Aug 2026
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...
India’s AI Summit marks global tech turning point
Over the past week, Bharat Mandapam in New Delhi has emerged as a central hub for the global tech community, hosting the India AI Impact Summit 2026, which attracted over 250,000 participants from more than 60 countries.Addressing world leaders,...
State Bank of India (SBI) has moved the National Company Law Tribunal (NCLT), seeking to recover loans disbursed to the Anil Ambani-led group of companies...
India's forex reserves rose by $8.2 billion during the week ended June 5 to cross the half-a-trillion-dollar mark for the first time
The government admitted for the first time that India could see an economic contraction during the current financial year, although chief economic adviser (CEA) Krishnamurthy Subramanian built in a caveat that activity in the second half of...
The California-based fund manager Franklin Templeton has been forced to halt plans to wind up six of its Indian funds after Gujarat High Court intervened...
After steep double-digit declines for three months, India’s exports are estimated to have declined by just 0.8% during the first week of June due to a spike in the value of shipments to several Asian countries, led by China, amid indications...
The Confederation of Indian Industry (CII) elected new office-bearers for the year 2020-21
Abu Dhabi’s sovereign wealth fund Mubadala has agreed to invest £909.4 million in Jio Platforms, marking the first Middle Eastern deal in the Mumbai-based digital-cum-telecom services company
India is considering proposals for investment of £12.5 billion to boost domestic production of air conditioners and its components, furniture and leather...
Tata Sons chairman N Chandrasekaran said that they are not is not looking to monetise their investments to raise capital as it has “adequate cash flows”...
