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

UltraTech Cement is bringing in 157,000 tonnes of coal from Russian producer SUEK and paying for it with Chinese yuan

The Indian billionaire, who had earlier signalled a greater role within the Reliance Industries empire for his children, appeared to be setting a succession strategy in motion

A source said the price-per-barrel cap level had not yet been determined, but it would have to be high enough to give Russia an incentive to keep producing oil

Reliance Industries’ Jamnagar refinery in Gujarat received 27% of its oil from Russia in May, up from 5% in April, according to a report by the Guardian.

China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and Europe to impose sanctions that limit funds to the Kremlin while it wages war in Ukraine

Inflation at the retail level has remained above the central bank's tolerance band of 2-6% for five months in a row, even though it eased marginally in May

Setu, which enables users to securely share their financial data with banks and other financial institutions, is Pine Labs' third acquisition this year