Punjab National Bank (PNB) reported a profit of £101.9 million during the June quarter as improved situation of bad debt has led to lower provisioning, providing relief to the fraud-hit state-run lender
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22nd Oct 2026 | Updated at 03:28pm 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...
Vijay Mallya, the former business tycoon who is facing extradition proceedings in UK, has moved the Supreme Court of India challenging the decision of...
Byju Raveendran, a celebrity tutor who developed an education app that has grown into a valuation of almost $6 billion in about seven years, is the newest...
The Modi government has tightened the anti money-laundering law by widening the definition of 'proceeds of crime' stating that a property will be considered...
The government may not obtain windfall gain from the RBI's reserves as the Bimal Jalan Committee on Economic Capital Framework has proposed “nominal” transfer...
In his last address to shareholders as Executive Chairman and Managing Director of Wipro, Azim Premji said the IT firm is making significant investment in digital, cloud, engineering services and cyber security as the company aims to outshine...
The Union cabinet has approved changes to the Companies Act that make it mandatory for companies to create a ring-fenced escrow account for corporate social responsibility expenditure and transfer unused funds to the National CSR Fund
Asian Development Bank (ADB) lowered India's growth forecast from 7.2 to 7 per cent for the current fiscal, due to moderation in growth prospects
The Delhi high court refused to allow the promoter of now grounded Jet Airways, Naresh Goyal, to travel overseas
The Enforcement Directorate (ED) has provisionally attached immovable properties, valuables, vehicle, bank account having total value of £2.48 million of accused Mehul Choksi under Prevention of Money Laundering Act (PMLA) in connection with...
