BII, the British government's development finance institution, will have a 4.8% ownership in the business, which will focus on four-wheel passenger EVs.

The Enforcement Directorate (ED) has claimed that smartphone maker Vivo's sales proceeds were transferred out of India to show losses

A senior Russian legislator said on Thursday that Moscow would take control of the Sakhalin-1 oil and gas project in which ExxonMobil and Japan's SODECO are also partners

Frequent investigations into Chinese enterprises not only disrupt their normal business activities [but also] damages goodwill of the enterprises, the Chinese embassy said

The RBI is bringing in several new measures to help increase its flow of foreign exchange as the Indian currency continues to struggle

The US-based company said some of New Delhi's removal orders fell short of the procedural requirements of India's Information Technology (IT) Act

The Vivo raids follow an Enforcement Directorate investigation into Xiaomi, another Chinese smartphone maker and one of India's leading brands

Chinese auto maker shelves plans to invest in India and will lay off all its staff there after failing to win key regulatory approvals

Shares in Indian energy firms fell sharply on Friday after Delhi imposed a tax on fuel exports. Reliance sank by 8.7%, while state-owned ONGC and Mangalore Refinery each slumped 10%

The London-based bank is preparing to relaunch its business in India at a time when it is increasing its focus on Asia - its biggest region in terms of profit generation

GM struck a deal in early 2020 to sell the plant in Pune to Great Wall, with the Chinese SUV-maker expected to pay up to $300 million as part of a plan to invest $1 billion in India

The currency weakened amid concerns about rising inflation and tepid growth, even as India's central bank sold dollars to limit losses