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Mukesh Ambani aims to turn Reliance into zero net debt firm by December, ahead of target

Billionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 trillion of net debt at his Reliance Industries by bringing in strategic...

India likely to cap stimulus package at $60 billion to protect credit rating

The Indian government is likely to cap its overall spending on coronavirus-related relief at around Rs. 4.5 trillion ($60 billion), due to concerns that excess...

India’s March infrastructure output contracts as lockdown hits production

India's infrastructure output contracted in March, for the first time in five months, as the national lockdown imposed late last month to combat the...

Facebook surges on user growth in pandemic, sees murky outlook

Facebook on Wednesday reported a sharp jump in usage as the global pandemic unfolded, in a quarterly update that sparked a rally in shares...

GSK plans to sell stake in Unilever’s India unit: report

British drugmaker GlaxoSmithKline is planning a sale of its $3.7 billion stake in Unilever's listed India unit, Bloomberg News reported on Wednesday, citing people familiar with...

Google parent Alphabet sees growth despite pandemic

Google parent Alphabet on Tuesday outshined dim earnings expectations, showing higher revenue and profits despite a coronavirus-induced slowdown in its core digital advertising operations...

Nokia clinches $1 billion deal with Airtel

Finnish network equipment maker Nokia has secured a multi-year contract to boost the capacity of one of India's largest mobile operators, the firm announced...
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