In a report published by Sweden-based think-tank Stockholm International Peace Research Institute titled "Trends in World Military Expenditure Report 2021", India's military expenditure is the third highest in the world after the US and China.
S&P Global Ratings cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict.
ICICI Bank has joined hands with London-based Santander UK Plc in a pact aimed at facilitating the banking requirements of corporates operating across both countries.