Madhivanan Balakrishnan appointed ED of IDFC FIRST Bank

Reliance Industries, the country’s biggest company by market value, has received the Reserve Bank of India’s (RBI) permission to retain $2 billion over and above the $3 billion it had raised last fiscal in what was the largest syndicated loan facility in years.

Expanding bilateral space sector cooperation, including human space flights by India, will figure high on the agenda when Prime Minister Narendra Modi meets US President Joe Biden in Washington, DC on Thursday, said people with knowledge of the matter.

Shapoorji Pallonji group unit Afcons has started talks with banks for an initial public offering (IPO) of shares as it seeks to monetise assets to help meet payment commitments made in loan covenants involving the company’s financiers, people aware of the stock sale initiatives told ET.