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Reuters

India's economy grows faster-than-expected 7.8% in Jan-March

Economy

31 May, 2024

India's economy grows faster-than-expected 7.8% in Jan-March

India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter, helped by government spending and resilient ......

Misuse of asset reconstruction firms to fast track insolvency process: RBI

Economy

31 May, 2024

Misuse of asset reconstruction firms to fast track insolvency process: RBI

Asset reconstruction companies (ARCs) are being misused by "tainted" promoters to enter the bankruptcy process after leading their firms to ......

Saudi government files papers to sell fresh stake in Aramco for potential $13 bn

Economy

31 May, 2024

Saudi government files papers to sell fresh stake in Aramco for potential $13 bn

Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise ......

JPMorgan Chase plans to expand staff in India by 5-7%

People

30 May, 2024

JPMorgan Chase plans to expand staff in India by 5-7%

JPMorgan Chase plans to grow its headcount in India by 5%-7% annually over the next few years, a senior executive ......

Space startup Agnikul launches India's second privately built rocket

TMT

30 May, 2024

Space startup Agnikul launches India's second privately built rocket

India's Agnikul Cosmos launched its Agnibaan rocket for the first time on Thursday, powered by the only Indian rocket engine ......

Sensex, Nifty end at 3-week low as financials, IT fall in run-up to election outcome

Finance

29 May, 2024

Sensex, Nifty end at 3-week low as financials, IT fall in run-up to election outcome

Indian benchmarks saw their worst session in nearly three weeks on Wednesday, dragged down by heavyweight financials and information technology ......

Some asset reconstruction firms circumventing rules, says RBI deputy governor

Finance

29 May, 2024

Some asset reconstruction firms circumventing rules, says RBI deputy governor

Some Indian asset reconstruction companies (ARCs) have been circumventing regulations and have allowed themselves to be used for the evergreening ......

S&P upgrades outlook on India's sovereign rating to 'positive'

Economy

29 May, 2024

S&P upgrades outlook on India's sovereign rating to 'positive'

S&P Global Ratings raised India's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-', saying on ......

Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Consumer

29 May, 2024

Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Dubai-based party hotel operator FIVE Holdings Ltd is working with banks on a planned initial public offering next year, people ......

Hindalco unit Novelis targets up to $12.6 bn valuation in US IPO

Manufacturing

28 May, 2024

Hindalco unit Novelis targets up to $12.6 bn valuation in US IPO

Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is targeting a valuation of up to $12.6 billion in ......