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India’s richest man praised for pay cut

INDIA’S richest man, Mukesh Ambani, has won government praise for taking a 66 per cent pay cut, after a minister called for “vulgar” executive...

India to cut stake in steelmaker SAIL: report

INDIA’S steel ministry has approved a plan to sell shares in state-run Steel Authority of India Limited (SAIL) to help fund the firm's expansion...

Government says ready to back Air India with $1.1 bln

INDIA's government has agreed to back Air India with up to Rs50bn ($1.1bn/ £67m) if the ailing state-run carrier finds the same amount in...

Tata Motors to raise Nano output by a fifth

TATA MOTORS, India’s largest vehicles maker, is planning to ramp up production of its Nano, billed as the world’s cheapest car, by a fifth...

Ambani patch-up hopes rise, but end long way away

BILLIONAIRE Anil Ambani’s call for an end to a bitter feud with his elder brother Mukesh over the split of the family business empire...

Gold shoots to record high

THE PRICE of gold soared to a record high above $1,060 (£663) an ounce this week, spurred on by a weakening dollar and doubts...

ArcelorMittal still ‘fully committed’ to India

ARCELORMITTAL, the world's largest steelmaker, said today it remained committed to building steel plants in India, but could abandon existing plans and look for...

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