UK Finance has urged regulated financial services firms to collaborate in order to best comply with the Financial Conduct Authority’s (FCA’s) new consumer duty.

The British government plans to scale back energy subsidies for businesses will see the cost of support fall by 85 per cent during the next financial year, limiting the cost to 5 billion pounds ($6 billion).

As per Nikkei Asia report, India eclipsed Japan in auto sales last year, according to the latest industry data, making it the third-largest auto market for the first time.

The flagship company of the Jaypee Group, Jaiprakash Associates, has defaulted on loans totaling Rs 4,059 crore, including both the principal and interest. 

RS Sodhi, the managing director of Amul who has been in that position since 2010, was ousted on January 9. The large cooperative in the dairy industry has named Jayan Mehta as its interim MD.

HDFC has said that its advances rose 19.5% year on year, while deposits grew 19.9%. The second-largest bank’s growth in deposits is more than double the industry rate of 9.4%, while loan growth is marginally higher than the industry rate of...

The Indian skies may soon see a new airline taking off. Fly91 will be promoted by aviation veteran Manoj Chacko and cofounded by Harsha Raghavan, former India head of Prem Watsa’s Fairfax Financial Holdings.

According to a regulatory filing, Reliance Industries (RIL) aims to build an integrated fast-moving consumer goods (FMCG) organisation with intentions to enter nearly all product categories and an equal emphasis on backend sourcing. 

As per the California Highway officials report, an Indian-origin man, Dharmesh A Patel, has been arrested for attempted murder and child abuse. Further added, he intentionally drove his car over a cliff with his wife and two children.

Security forces have rescued six of the 32 people who were abducted at a train station in Edo state, southern Nigeria, the authorities say.