India continues to remain the fastest-growing economy in the world, the BJP said on Thursday as the country recorded a 7.8-per cent GDP growth in the April-June period of 2023-24, the highest in the last four quarters, on the back of double-digit expansion in the services sector. In a world grappling with decelerating global activity and a gloomy outlook, India is "truly a bright spot", Bharatiya Janata Party's (BJP) IT department head Amit Malviya wrote on X. "India remains the fastest-growing major economy, as China's GDP growth, for the same period, was at 6.3 per cent," he said.

In a readout of Monday talks in Beijing between the Chinese commerce minister and his US counterpart Gina Raimondo, Wang Wentao had urged Washington to "match its words with actions".

BEIJING: Beijing has raised "serious concerns" with the United States over Washington's trade curbs on Chinese businesses, warning they could threaten the "security and stability" of global supply chains, state media reported Tuesday.

An investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds, two sources with direct knowledge of the matter said.

The Securities and Exchange Board of India (SEBI) launched the inquiry after U.S.-based Hindenburg Research raised governance concerns around the Gautam Adani-led group, shaving more than $100 billion from the market value of its companies.

The ports-to-power conglomerate had denied wrongdoing in January.

Chairman Mukesh Ambani-led Reliance Industries will host its 46th annual general meeting (AGM) on August 28.

The AGM comes just days after the oil-to-chemical-to-retail conglomerate’s retail arm Reliance Retail Ventures Ltd. (RRVL) announced that fresh investment by Qatar Investment Authority (QIA) will value the firm at Rs 8.27 lakh crore.

QIA will be investing a sum of Rs 8,278 crore in the company for a 0.99 percent stake. This would rank Reliance Retail among the top four companies by total equity value in the country.

In a move that’s catching the attention of India’s corporate sector, the Organised Crime and Corruption Reporting Project (OCCRP) — a George Soros-backed global consortium of investigative journalists boasting affiliations across continents, is reportedly gearing up to unveil some significant findings about certain Indian corporate entities.

What Happened? This isn’t the first time Indian corporates have found themselves under the international microscope. Earlier, a US-based short seller’s report had sent tremors through the markets, targeting the Adani Group.