Here are news in brief related to Indian economy and business for Thursday, September 16, 2022: India's country's largest lender State Bank of India is aiming for double-digit growth in deposits as loan demand gathers steam and utilisation of existing credit lines improves, a top executive said on Friday. "We…
The Indian government has revised the paid-up capital and turnover thresholds for small companies that will help reduce the compliance burden on more entities. The latest decision by the corporate affairs ministry, which is implementing the companies law, has again revised the definition of small companies and is aimed at…
Indian prime minister Narendra Modi met Turkish President Tayyip Erdogan on the sidelines of a regional summit on Friday (16), in their first encounter in over two years since relations soured after Erdogan's comments on the disputed Muslim-majority region of Kashmir. In early 2020 India's government had summoned the Turkish…
Cement maker ACC Ltd said on Friday (16) that Karan Adani, son of India's richest man Gautam Adani, was named chairman of its board, as the Adani conglomerate expands its presence beyond power generation and infrastructure. Gautam Adani, who has a net worth of $152.6 billion (£133.6 billion) according to…
The Shanghai Cooperation Organisation (SCO) countries have emphasised on the necessity of an inclusive reform of the World Trade Organisation (WTO) to be carried out at the earliest, with a focus on adjusting to the current economic reality, the Samarkand declaration of the council of heads of the SCO member…
The world of tennis has been left in deep mourning since Roger Federer, one of the best the sport has seen, announced his retirement on Thursday (15) saying the upcoming Laver Cup in the UK will be his final assignment. Tributes have poured in for the Swiss star, including from…
Russian president Vladimir Putin told Indian prime minister Narendra Modi on Friday (16) that he understood New Delhi's concerns about the conflict in Ukraine and wanted it to end "as soon as possible", according to a readout of a bilateral meeting published by the Kremlin. The Indian prime minister told…
It was my great privilege be appointed by Her Majesty Queen Elizabeth II to serve as her representative in South Glamorgan as Deputy Lord Lieutenant and also as Honorary Captain in the Royal Navy. During that time I was incredibly lucky to have met her on a number of occasions,…
UGANDA'S high commissioner to the UK, Nimisha Madhvani, has paid tribute to the Asian refugees who rebuilt their lives after they were expelled by dictator Idi Amin in 1972. Madhvani was a teenager when Amin ordered thousands of Asians to leave Uganda; many arrived in Britain and started from scratch.…
Indian prime minister Narendra Modi on Friday (16) called upon Shanghai Cooperation Organisation (SCO) member states to give transit access to each other and pitched for boosting connectivity for ensuring resilient supply chains for the region. In his address at the SCO summit in Samarkand in Uzbekistan, Modi also said…