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Reuters

Former top adviser says India GDP growth may be overstated; govt defends

Economy

12 June, 2019

Former top adviser says India GDP growth may be overstated; govt defends

The Indian government on Tuesday defended its methodology of calculating the country’s economic growth, countering the argument of a former ......

How yoga guru Ramdev-backed Patanjali Ayurved stumbled in the rush for growth

Consumer

12 June, 2019

How yoga guru Ramdev-backed Patanjali Ayurved stumbled in the rush for growth

Three years ago, Indian yoga guru and entrepreneur Baba Ramdev was riding high. The consumer goods empire he co-founded had tapped ......

Govt seeks to ban Deloitte, KPMG arm for alleged auditing lapses

Finance

11 June, 2019

Govt seeks to ban Deloitte, KPMG arm for alleged auditing lapses

India is seeking to ban Deloitte Haskins Sells and KPMG affiliate BSR & Associates for five years, alleging lapses in ......

EU regulators block Tata Steel, Thyssenkrupp joint venture

Manufacturing

11 June, 2019

EU regulators block Tata Steel, Thyssenkrupp joint venture

Thyssenkrupp and Tata Steel's plan to form a landmark joint venture was rejected by EU antitrust regulators on Tuesday, concerned ......

Sensex closes higher again; Indiabulls Housing slides 8% on embezzlement suit

Markets

11 June, 2019

Sensex closes higher again; Indiabulls Housing slides 8% on embezzlement suit

Indian shares closed higher on Tuesday as risk appetite remained firm after the United States shelved plans to impose tariffs ......

Reliance Group's Anil Ambani says will make timely debt service payments

Infrastructure

11 June, 2019

Reliance Group's Anil Ambani says will make timely debt service payments

Reliance Group chairman Anil Ambani said on Tuesday his diversified telecoms to financial services and infrastructure group was fully committed ......

Jet Airways shares slump to all-time lows as hopes of revival dim further

Finance

11 June, 2019

Jet Airways shares slump to all-time lows as hopes of revival dim further

Shares of India's Jet Airways Ltd crashed to record lows on Tuesday, after a report that Hinduja Group and Etihad ......

DHFL completes Aadhar Housing sale to Blackstone, pays some dues

Finance

11 June, 2019

DHFL completes Aadhar Housing sale to Blackstone, pays some dues

Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL) said it has paid the interest and principal on certain debt ......

Sensex ends in the green as IT stocks lead gains

Markets

10 June, 2019

Sensex ends in the green as IT stocks lead gains

Indian shares ended higher on Monday boosted by IT stocks, after paring some of the early gains on optimism from ......

RBI to monitor NBFCs more closely, says governor Shaktikanta Das

Finance

10 June, 2019

RBI to monitor NBFCs more closely, says governor Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das said the central bank would closely monitor the health of non-banking financial companies ......