Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Friday outlined five major value creation pathways for the Group to create a diversified growth architecture spanning energy, materials, digital infrastructure, artificial intelligence, consumer businesses, and global exports.
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The number of high-net-worth families (with wealth over $30 million) in India is set to increase from 16,000 in 2025 to about 26,000 by 2030, said the report. India’s intergenerational wealth transfer, it said, may go up to $1.3-1.5 trillion…
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The Directorate of Enforcement (ED), Bengaluru Zonal Office, has conducted searches at six premises in Bengaluru in connection with alleged large-scale violations of the Foreign Exchange Management Act (FEMA), 1999, involving unauthorised cross-border money transfers through Virtual Digital Assets (VDAs),…
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Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India’s 1.5% fixed-rate swap incentive…
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India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite…
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The World Bank has approved a $1.5 billion financing package for India, aimed at accelerating structural reforms and stimulating private sector-led job creation. This initiative supports economic growth by fostering entrepreneurship and simplifying business processes, building on recent advancements in…
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