Reuters
Finance
Dewan Housing lenders get temporary relief on $5.6 bn loans
An Indian court on Wednesday allowed banks to recover some dues from shadow lender Dewan Housing Finance Corporation Ltd, granting ......
Economy
Retail inflation breaches RBI target, quickens to 4.62% in October
India’s retail inflation breached the central bank’s medium-term target of 4% in October for the first time in 15 months, ......
Markets
Sensex, Nifty decline on weak rupee, factory data
Indian shares closed lower on Wednesday, hurt by a weaker rupee and a fall in factory output data, while investors ......
TMT
Alibaba poised to launch record-breaking $13.4 bn Hong Kong IPO
Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 ......
Markets
Passive equity funds set to beat active funds for second year
India's passive index-tracking equity funds are set to beat their active stock-picking counterparts in returns for a second successive year ......
TMT
Vodafone's India future in doubt as 'unsupportive' ecosystem takes toll
Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and ......
Infrastructure
WeWork starts hunt for a new CEO
WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with ......
Infrastructure
India to invite foreign firms to partake in oil companies' privatisation
International energy firms will be invited to participate in India’s privatisation of state-owned oil companies, the country’s Oil Minister Dharmendra ......
TMT
Alibaba's Singles' Day sales hit record $38 bn; growth slows
Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more ......
People
Uber co-founder Travis Kalanick sells nearly $550 mn of shares
Uber Technologies Inc co-founder and former chief executive Travis Kalanick has sold nearly 21% of his stake in the ride-hailing ......
