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Future Enterprises CFO arrested over unpaid customs duties

Consumer

15 July, 2019

Future Enterprises CFO arrested over unpaid customs duties

Indian federal authorities arrested a top executive at the retail conglomerate Future Group, one of the largest retailers in the ......

Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel

Finance

15 July, 2019

Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel

India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......

Dewan Housing Finance says facing substantial stress, may not survive

Finance

15 July, 2019

Dewan Housing Finance says facing substantial stress, may not survive

One of India’s biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL), warned on Saturday that its financial situation ......

Airtel Africa falls for second day after Nigeria listing

TMT

11 July, 2019

Airtel Africa falls for second day after Nigeria listing

Airtel Africa shares dropped 10% on Thursday, losing ground for a second day after their listing on the Nigerian stock ......

Sensex, Nifty close higher as Fed chief rekindles rate-cut hopes

Markets

11 July, 2019

Sensex, Nifty close higher as Fed chief rekindles rate-cut hopes

Indian shares ended higher on Thursday, driven by broad-based gains and tracking strength across global equities, after dovish comments by ......

India valuations expensive, favour China as Fed rate cut looms: HSBC

Markets

11 July, 2019

India valuations expensive, favour China as Fed rate cut looms: HSBC

Analysts at HSBC have moved to endorse Chinese stocks and cooled on Indian shares, in a "less defensive" positioning ahead ......

How India may show the way in using AI to solve renewable energy's problems

Infrastructure

11 July, 2019

How India may show the way in using AI to solve renewable energy's problems

One of humankind's most enduring weaknesses is to assume that the way things are presently will somehow persist into the ......

Weak consumer demand drag passenger vehicle sales down in June

Manufacturing

10 July, 2019

Weak consumer demand drag passenger vehicle sales down in June

India's passenger vehicles sales slumped 17.54% in June, an auto industry body said on Wednesday, resulting in an 18.4% fall ......

Airtel Africa drops 10% after $4.4 bn Nigeria listing

TMT

10 July, 2019

Airtel Africa drops 10% after $4.4 bn Nigeria listing

Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar ......

Sensex ends lower as Bajaj Finance, Indiabulls Housing drag

Markets

10 July, 2019

Sensex ends lower as Bajaj Finance, Indiabulls Housing drag

Indian shares closed lower on Wednesday amid a slew of disappointing news, with Bajaj Finance Ltd and Indiabulls Housing Finance ......