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Reuters

Infosys probes alleged ‘unethical practices' by CEO Salil Parekh; shares plunge

People

22 October, 2019

Infosys probes alleged ‘unethical practices' by CEO Salil Parekh; shares plunge

Infosys Ltd said on Tuesday it was investigating allegations of "unethical practices" by Chief Executive Officer Salil Parekh after receiving ......

Piyush Goyal says differences resolved with US over trade deal

Economy

21 October, 2019

Piyush Goyal says differences resolved with US over trade deal

India’s Trade Minister Piyush Goyal said on Monday that the broad contours of a trade deal with the United States ......

SoftBank to skip WeWork's lease obligations with new funding lifeline

Infrastructure

21 October, 2019

SoftBank to skip WeWork's lease obligations with new funding lifeline

SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the ......

Warburg Pincus-backed ESR relaunches larger Hong Kong IPO

Infrastructure

21 October, 2019

Warburg Pincus-backed ESR relaunches larger Hong Kong IPO

ESR Cayman Ltd, backed by private-equity firm Warburg Pincus, relaunched a bigger Hong Kong initial public offering (IPO) that aims ......

India to take more steps to boost consumer demand, growth: Chief economic adviser

Economy

18 October, 2019

India to take more steps to boost consumer demand, growth: Chief economic adviser

India plans to take more steps to boost consumer demand including injecting liquidity through banks and simplifying personal taxes, a ......

Sensex rises; Reliance Industries touches record high

Markets

18 October, 2019

Sensex rises; Reliance Industries touches record high

Indian shares closed higher on Friday, led by gains in metal and state-owned banks while India's most valuable company, Reliance ......

Snakes and ladders: SoftBank Vision Fund's climbing, sliding valuations

Finance

18 October, 2019

Snakes and ladders: SoftBank Vision Fund's climbing, sliding valuations

The $100 billion Vision Fund of Japan’s SoftBank Group Corp (9984.T) has in just over two years burned through much ......

Netflix and Amazon face censorship threat in India

TMT

18 October, 2019

Netflix and Amazon face censorship threat in India

India is deliberating potential censorship on streaming platforms such as Netflix and Amazon Prime Video, a senior government source told ......

Emerging markets come off the boil for Nestle and Unilever

Consumer

18 October, 2019

Emerging markets come off the boil for Nestle and Unilever

Global consumer goods companies have been banking on emerging markets to drive their growth, so signs on Thursday that sales ......

Mumbai court jails former MD of PMC Bank as fraud probe deepens

Finance

17 October, 2019

Mumbai court jails former MD of PMC Bank as fraud probe deepens

An Indian court on Thursday sent the former managing director of Punjab and Maharashtra Co-operative (PMC) Bank, Joy Thomas, to ......