India Business

India Business

Toymakers welcome PM Modi’s ‘vocal for local’ push

Domestic toymakers on Tuesday welcomed Prime Minister Narendra Modi's call for making the country a hub for toy manufacturing, but sought additional time to...

Atlas Cycles pedals away as operations shut at last manufacturing unit

Atlas Cycles - a name that became a synonym for bicycles in India - has shut its last manufacturing unit in Sahibabad, just outside...

Anil Ambani receives reprieve from court in insolvency proceedings

An Indian court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him...

Indian banks’ consortium seeks UK bankruptcy order against Vijay Mallya

A consortium of Indian banks has returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya. The consortium...

India business awaits changes to Raj era labour laws

WITH steel machines hissing and whirring and staff studiously manning production lines, Sunder Rajan's factory about two hours southwest of New Delhi is prospering. But...

India’s market regulator imposes fine on Mukesh Ambani, Reliance

INDIA’s market regulator has imposed fine on Reliance Industries and its chairman Mukesh Ambani, the country’s richest man. The Securities and Exchange Board of India...

India’s rich get richer, Mukesh Ambani retains top slot:Forbes

Reliance Industries chief Mukesh Ambani on Thursday emerged as India's wealthiest for the 10th straight year as his net worth swelled to USD 38...

Privatisation of India’s loss-making national carrier likely to be delayed

THE privatisation of India’s national carrier Air India will be delayed further as the divestment process is unlikely to conclude in 2020-21, an official...

RBI Twitter handle joins million followers club, first central bank in world to reach...

With one million Twitter followers, the Reserve Bank of India has become the first central bank in the world to reach this milestone. The Reserve...

Small businesses to benefit as Walmart plans to triple exports from India by 2027

WALMART on Thursday(10) said it will triple its exports of goods from India to $10 billion each year by 2027. The expansion in sourcing will...