India Business

India Business

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...

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’s Hetero to produce 100m doses of the Russian Sputnik V Covid-19 vaccine

INDIAN drug firm Hetero will produce 100 million doses of the Russian Sputnik V Covid-19 vaccine per year, the Russian Direct Investment Fund (RDIF)...

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...

Seva Group brings German shoe brand Birkenstock to India

Premium German footwear brand Birkenstock has entered Indian market through a partnership with Seva Group. Seva Group, which is into automotive retail, entered consumer product...

India back on currency manipulation watchlist by the US

THE Trump administration labelled many countries including India as currency manipulators and said that these ‘trading partners’ may be deliberately devaluing their currencies against the...

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...

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...

Reliance strikes third deal in two weeks for Jio Platforms

Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 113.67...