State-owned companies in India are on the verge of experiencing the largest wave of privatisation since 2000. The Indian Prime Minister Narendra Modi, famous for limited liberal reform during his first 5 years in office, has announced massive corporate tax cuts (30% down to 22%) as well as privatisation in some of India’s biggest and best public sector companies.
One of the companies that could be up for sale is Bharat Petroleum Corporation Ltd (BPCL), which the government currently has a 53.3% stake in. The sale of India’s second-largest oil refiner and fuel retailer to the private sector is part of a larger plan to attract more multinationals and foreign investors to the Indian market for domestic fuel. This will provide much needed competition, hopefully shaking up the market by increasing efficiency, boosting production, and leading to further job creation for Indian nationals.
The UK government has launched a consultation to extend the soft drinks industry levy (SDIL)—commonly…
China’s economy started 2025 with stronger-than-expected momentum, growing by 5.4% in Q1—comfortably above forecasts of…
It’s a dramatic move—but one the U.K. government believes is essential for national economic security.…
A new chapter in the U.S.-China trade war is unfolding—and it’s one that economists fear…
The U.K. economy is still stuck in low gear. The Office for Budget Responsibility (OBR)…
PepsiCo is planning to acquire prebiotic soda brand Poppi for $1.95 billion, marking a major…