Business News: Economy & Markets

NCLT initiates personal insolvency process against Anil Ambani, industrialist to challenge order

IANS | June 11, 2026 9:11 PM

New Delhi, June 11 (IANS) The National Company Law Tribunal (NCLT) on Thursday admitted a plea filed by the State Bank of India (SBI) and initiated personal insolvency resolution proceedings against industrialist Anil Ambani in his capacity as a personal guarantor for loans extended to Reliance Communications (RCOM) and Reliance Infratel Ltd (RITL).

India not the next China, but the next India: World Bank Chief Economist

IANS | June 11, 2026 8:43 PM

Washington, June 11 (IANS) India has entered a phase of “peak development potential” and is poised to sustain high growth over the next two decades, the World Bank's Chief Economist Indermit Gill said, arguing that the country's economic trajectory will be driven by its own strengths rather than by following China's development model.

Kenya picks Chinese bidder for key airport deal at 50 per cent markup over shelved Adani offer

IANS | June 11, 2026 8:39 PM

New Delhi, June 11 (IANS) Two years ago, Kenya walked away from an ambitious airport deal with India’s Adani Group amid protests, strikes, and a storm of political backlash. Today, the East African nation has signed on the dotted line -- this time with a Chinese state-backed giant -- for a much larger, nearly $3 billion overhaul of its busiest airport.

Middle East conflict: World Bank readies $100 billion crisis shield

IANS | June 11, 2026 8:20 PM

Washington, June 11 (IANS) The World Bank Group said on Thursday it is prepared to deploy up to $100 billion over the next 15 months to help developing countries cope with the economic fallout from the conflict in the Middle East, as rising energy prices and slowing growth place fresh pressure on vulnerable economies.

'Quad meeting in Delhi shows alliance is alive and kicking'

IANS | June 11, 2026 8:11 PM

New Delhi, June 11 (IANS) The Quad Foreign Ministers’ Meeting held in New Delhi last month shows that the alliance is not becoming obsolete; rather, it has gained further credentials as a needed deterrence and fallback because the very strategic environment that created it has become more militarised and the threats have deepened, according to an article.

Gulf war hitting South Asia through oil shock: World Bank

IANS | June 11, 2026 7:49 PM

Washington, June 11 (IANS) The conflict in the Middle East is emerging as a major economic threat to South Asia through rising oil, gas and fertiliser prices, with the World Bank warning that the region is among the most exposed to the fallout from the crisis despite remaining the world's fastest-growing economic region.

Brazilian plane maker Embraer bullish on setting up line in India

IANS | June 11, 2026 7:22 PM

New Delhi, June 11 (IANS) Brazilian plane manufacturer Embraer sees a major opportunity in setting up a base in India for its smaller jets as the company tries to position itself as an alternative to aerospace giants Airbus and Boeing, with airlines looking to cut soaring fuel costs and increasing delays in delivery of aircraft from the world’s Big-2 plane makers, according to a report.

India-Oman CEPA special due to crucial timing, strategic location: Report

IANS | June 11, 2026 7:17 PM

Muscat/ New Delhi, June 11 (IANS) The India‑Oman Comprehensive Economic Partnership Agreement (CEPA) is special as it comes into force at a time when India faces a sharp disruption in Gulf trade after the Strait of Hormuz crisis and also because of Oman's unique geography.

World Bank lifts India growth outlook despite Gulf war

IANS | June 11, 2026 7:00 PM

Washington, June 11 (IANS) India will remain the world's fastest-growing major economy despite the economic shock from the conflict in the Middle East, with the World Bank on Thursday raised its growth forecast for the country even as it cut projections for much of the global economy.

Piyush Goyal to visit Switzerland to push trade and economic pact

IANS | June 11, 2026 6:53 PM

New Delhi, June 11 (IANS) Union Minister of Commerce and Industry Piyush Goyal is set to visit Switzerland’s capital Berne from June 12-13 for discussions with senior representatives of the Swiss Government and leaders of the Alpine country’s pharmaceutical industry, according to an official statement issued on Thursday.

Business

NCLT initiates personal insolvency process against Anil Ambani, industrialist to challenge order

India not the next China, but the next India: World Bank Chief Economist

Kenya picks Chinese bidder for key airport deal at 50 per cent markup over shelved Adani offer

Middle East conflict: World Bank readies $100 billion crisis shield

'Quad meeting in Delhi shows alliance is alive and kicking'

Gulf war hitting South Asia through oil shock: World Bank

Brazilian plane maker Embraer bullish on setting up line in India

India-Oman CEPA special due to crucial timing, strategic location: Report

World Bank lifts India growth outlook despite Gulf war

Piyush Goyal to visit Switzerland to push trade and economic pact

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