Reuters
Finance
RBI moves to begin bankruptcy proceedings against DHFL
The Reserve Bank of India has filed an application to begin bankruptcy proceedings against shadow lender Dewan Housing Finance Corporation ......
Markets
Sensex, Nifty dip ahead of GDP growth data
Indian shares ended lower on Friday, led by losses in state-owned banking and auto stocks, ahead of the government’s announcement ......
TMT
Ola may lay off 225 employees as SoftBank-backed firm gears up for IPO
Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group Corp, aims to begin the IPO process by the end of ......
Infrastructure
Tata Power seeks global investors for renewable portfolio
India’s Tata Power Company Ltd, the power generation arm of the salt-to-software Tata group, wants to sell a stake in ......
Markets
Sensex, Nifty rise ahead of GDP data as state-owned banks lead gains
Indian shares closed higher on Thursday, boosted by state-owned banks, as investors awaited the GDP growth data for the quarter ......
TMT
Times Group said to be in talks to buy Reliance's news biz; RIL denies report
India’s Reliance Industries Ltd, controlled by Asia’s richest man Mukesh Ambani, on Thursday denied a Bloomberg report that it was ......
Finance
Govt wants RBI to buy out stressed assets of shadow banks
India’s finance ministry wants the Reserve Bank of India to set up a fund to buy out stressed assets of ......
Finance
Warburg Pincus to raise $1.5 bn for first India-focused fund
Private equity firm Warburg Pincus LLC is looking to raise up to $1.5 billion for its first fund targeting deals ......
Economy
Govt plan to cap commissions could ruffle Ola, Uber feathers
India plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a ......
Economy
GDP in September quarter likely expanded at its weakest pace in over six years
India’s July-September economic growth is likely to be around 4%, two television channels reported, citing government sources. Asia’s third largest economy ......
