Most of major Gujarat public sector units (PSUs) have outperformed market indices this year, despite worsening inflation and the Ukraine-Russia war. The majority of these state companies have given higher returns, up to 138%, this calendar year.

The UK economy grew more slowly than expected in July as worker shortages and soaring costs weighed on activity amid the heightened risk of recession. The Office for National Statistics said gross domestic product (GDP) rose by 0.2% in July,...

Energy bills will be frozen at an average of £2,500 for two years in the run-up to the next general election as families battle the cost-of-living crisis. The energy price cap will be scrapped and replaced with a new “energy price guarantee”,...

Britain's new finance minister Kwasi Kwarteng told bankers and investors that the government would need to borrow more than planned to support households and businesses through the energy crisis. In his first public move since being appointed...

Following the death of Queen Elizabeth, the Bank of England has postponed a key decision on interest rates. It said that "in light of the period of national mourning", the Monetary Policy Committee's decision would now be announced on 22 September.

Lloyds Banking Group has been hit by more than 300 million pounds of suspected fraud linked to Covid-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.

Experts have warned that the bank holiday for the Queen’s funeral raises the risk of Britain’s already faltering economy falling into a recession sooner than expected.

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