Reuters
TMT
Musk likely to announce $2-3 bn Tesla investment in India during visit next week
Tesla chief Elon Musk is set to announce an investment in India of $2-3 billion, mainly for building a new factory, ......
Manufacturing
Gautam Adani, family raise stake in Ambuja Cements to 70%
Indian billionaire Gautam Adani's family raised its stake in Ambuja Cements to 70.3% from 66.7% with a 83.39 billion rupees ......
Finance
Fairfax-backed IIFL Finance to raise $152 mn via share sale amid ban on gold loans
India's IIFL Finance will raise 12.72 billion rupees ($152 million) by selling shares, the non-bank lender said on Wednesday, aiming ......
People
Morgan Stanley, HSBC cut dozens of investment banking jobs in Asia-Pacific
Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge ......
TMT
Rajiv Jain's GQG, Fidelity pick up shares worth $261 mn in Vodafone Idea
Investment firms GQG and Fidelity picked up shares worth $261 million in India's Vodafone Idea as part of the debt-saddled ......
TMT
Zee withdraws Sony merger application with national company tribunal
Zee Entertainment Enterprises said on Tuesday it was withdrawing an application filed with an Indian company tribunal that was aimed ......
TMT
Govt defers nod for Paytm's investment in its payments arm
India has deferred approval of Paytm’s 500 million rupee ($6 million) investment in its Paytm Payment Services arm in part ......
TMT
Microsoft to invest $1.5 bn in UAE-based AI company G42
Microsoft will invest $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. tech giant a minority ......
Economy
Govt to mull panel for tackling systemic risks in derivatives market amid high demand
India's top financial regulators will form a committee to assess stability risks emerging from a surge in derivatives markets and ......
Finance
Private equity firm CVC Capital unveils plan for $1.3 bn IPO
Executives at CVC closely watched the conflict in the Middle East over the weekend as they prepared to unveil the ......
