Reuters
People
Mindtree names former Cognizant executive as CEO
Indian IT services firm Mindtree Ltd on Friday named former Cognizant executive Debashis Chatterjee as its new managing director and ......
Infrastructure
Maharashtra govt grants infrastructure status to $10-bn hyperloop plan
Maharashtra has granted infrastructure project status for a $10-billion plan to build the world’s first ultra-fast hyperloop project, aiming to ......
Finance
Aviva plans to sell insurance business in India, other Asian countries
British life and general insurer Aviva (AV.L) is looking to sell its Asia business, valuing the unit at more than ......
Markets
Sensex drops to five-month low as Fed's comments dampen global investor sentiment
Indian shares ended at a five-month low on Thursday, dragged by public sector banks and metal stocks, as comments from ......
Finance
BlackRock raises $2 bn for global credit fund
BlackRock Inc, the world's largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic ......
Manufacturing
India factory activity quickens in July on stronger demand
India’s factory activity accelerated in July as domestic demand and output strengthened, encouraging firms to hire at the fastest rate ......
Finance
US Fed lowers interest rates for first time since 2008
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy ......
Finance
Fiscal deficit crosses 61% of budgeted target in first three months of 2019-20
India’s fiscal deficit in the three months ending in June stood at 4.32 trillion rupees ($62.80 billion), or 61.4% of ......
Markets
Nifty, Sensex end higher, but July their worst month this year
Indian shares ended higher on Wednesday, boosted by public sector banks and metal stocks, but recorded their worst month this ......
Finance
Carlyle to give shareholders a vote in switch to corporation
Carlyle Group LP emulated its peers on Wednesday with plans to convert from a publicly traded partnership into a corporation, ......