Anil Ambani’s Reliance Communications has been accused of loan fraud exceeding ₹14,000 crore, according to ED sources. SBI has labelled RCom and Ambani as “fraudulent” under RBI norms and plans to approach the CBI. Canara Bank was also defrauded of…
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Ahead of its IPO, Shanti Gold International secured over ₹108 crore from anchor investors like Societe Generale. The IPO, opening July 25, aims to raise ₹360 crore through a fresh issue of shares priced between ₹189 and ₹199. The funds…
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India’s burgeoning alcoholic beverage market, driven by a growing premium segment, is attracting global attention and trade deals. The India-UK FTA slashes import duties on whisky and gin, while similar agreements with the US and Australia are reducing tariffs on…
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Economists predict the Reserve Bank of India will maintain its repo rate at 5.50% in August, following a larger-than-expected cut in June. While subdued inflation allows for rate cuts, the strong economic growth of 7.4% provides the central bank room…
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The India-UK free trade agreement is a major step. It will reduce tariffs on Indian exports to the UK. British firms can export more easily to India. Industry leaders believe it will help both economies. It will create jobs and…
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India’s new free trade agreement with the UK will slash duties on high-end cars, benefiting luxury brands like Aston Martin and Rolls-Royce. The deal protects the mass-market segment by excluding vehicles under £40,000 from duty concessions. Over five years, customs…
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