Companies led by Mukesh Ambani and Gautam Adani have entered into the race to buy Future Retail, which is heavily indebted. April Moon Retail Private, a joint venture between Adani Airport Holdings and Flemingo Group, Reliance Retail Ventures,...

LIC has reported a record net profit of £1.59 billion for the September quarter, over 10 times the £143.3 million profit in the year ago period. The corporation had recorded a net profit of £68.2 million in the June quarter. LIC reported a 10%...

The government through the Specified Undertaking of the Unit Trust of India (SUUTI) has said that it will sell its 1. 6% stake in Axis Bank. At current market price of Rs 874, the stake is worth £444.3 million.

India's gross direct tax collections rose almost 30.7% to over £105 billion in the financial year up to November 10, with the mop-up so far reaching 61% of Budget estimates. The latest numbers released by CBDT indicated that the growth rate...

Goldman Sachs has promoted 80 employees globally as partners. There are eight Indians in total, with Sivasubramanian Balaji, the co-head of engineering in Bengaluru and the global co-head of data lake engineering, based in India in the Bengaluru...

House prices in Britain fell for the first time in 28 months in October and rising mortgage costs threatened to put further pressure on the property market, a survey showed. The Royal Institution of Chartered Surveyors (RICS), which measures...

The Department for Work and Pensions needs to "get a grip" on record levels of fraud and error in the benefits system and take responsibility for tackling the "eye-watering" sums, the Public Accounts Committee has warned.