Consumers in UK are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September.

The finance ministry said that India's gross direct tax collections grew 30 per cent to £83.6 billion till September 17 of current fiscal year on higher advance tax mop-up buoyed by the economic revival post pandemic.

India’s exports went up 1.6% to $33. 9 billion in August, compared to a 1% decrease estimated earlier, while imports shot up 37% to $62 billion, pushing up the trade deficit to $28 billion, more than twice last year’s level.

India’s wholesale price inflation (WPI) moderated to an 11-month low in August on the back of easing prices of fuel and power, manufactured food and non-food items but remained in double digits for 17th month in a row.

Leading economic experts have warned that a slight fall in overall inflation does not provide relief for the cost of living crisis as reduced fuel costs mask the fact that prices for household goods are still rising.

New Chancellor Kwasi Kwarteng is in talks with bank bosses to thrash out the details of a £40 billion bailout fund for energy firms. Bank of England governor Andrew Bailey is also in the talks amid mounting concerns over soaring wholesale gas...

More than a quarter of UK SMEs say they have had difficulties accessing finance from their main banks, according to new research.

The Enforcement Directorate on Monday said it has attached assets worth £4.62 million "beneficially owned" by former minister Partha Chatterjee and his alleged associate Arpita Mukherjee as part of a money laundering probe in the West Bengal...