India Pips UK to Become Fifth Biggest Economy
India has overtaken the UK to become the world’s fifth largest economy, calculations by Bloomberg showed. The development, though it had been widely expected, is a significant milestone for the Indian economy given the history of two centuries of colonial rule.
Voda Idea Prepays ₹2.7kcr Loan to SBI
Loss-making Vodafone Idea (Vi) has prepaid a short-term loan of about ₹2,700 crore to SBI in a bid to shore up lenders’ confidence as it urgently seeks fresh bank funds to tie up equipment supply deals for 5G networks and also clear some of its near ₹15,000-crore trade payables, comprising dues to tower companies, network gear vendors and other suppliers.
