Lenders have decided to initiate insolvency proceedings against Jet Airways after failing in their efforts to find a buyer for the grounded airline
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3rd May 2024 | Updated at 06:53pm 3rd May 2024
Tata Motors Q3 net more than doubles to £714.5 mn
Smashing street estimates, Tata Motors’s Q3FY24 profit more than doubled to £714.5 million, benefiting from the strength of its UK luxury car business, Jaguar Land Rover (JLR). It had posted a profit of £304.3 million in the year-ago period,...
India Inc wants RBI to go slow on interest rate hikes
India Inc is pressing the RBI to hold off on rate increases as borrowing prices rise. According to information made public by the trade group Ficci, the average interest rate grew by one percentage point to roughly 9.4% during the most recent...
Swiss authorities are in process of sharing details of at least 50 Indian nationals having accounts in Switzerland-based banks, with regulatory and enforcement...
Prime Minister Narendra Modi said that the goal was to make India a $5 trillion economy by 2024
Chairman of software major Wipro, Azim Premji, has decided to step down after 50 years and hand over charge to his elder son, Rishad
In a forecast made by the World Bank, India's economy is projected to grow at 7.5 per cent in the next three years owing to robust investment and private...
Indiabulls Housing Finance has denied charges of misappropriation of around £9.8 billion by its chairman Sameer Gehlaut and other directors and said that the allegation is "bizzare" and is meant to malign the reputation of the company.
In a move that should make mortgages, auto loans and other borrowings cheaper, Reserve Bank of India cut interest rates by 25 basis points for the third time this year and hinted at more cuts by changing its policy stance from “neutral” to “accommodative”
The Indian banking sector is back in the red in the fourth quarter with a £2.08 billion loss, thanks to provisioning for bad loans
The Gujarat Co-operative Milk Marketing Federation (GCMMF) which markets dairy products under brand 'Amul' aims to establish itself as the largest dairy organisation in the world in the long term
Punjab National Bank’s (PNB’s) woes don’t seem to be ending with the state-run lender reporting a loss of £475 million in the March quarter
