Reuters
Finance
Deutsche Bank to cut 18,000 jobs in retreat from investment banking
Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 ......
Finance
Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 ......
Finance
Europe's second-largest PE fund targets Asia Pacific as IPO decision looms
High above Stockholm’s skyline, Sweden’s EQT Partners is plotting the next chapter in its rapid rise from a Nordic-focused investor ......
Finance
Budget 2019: Tighter FY20 fiscal deficit target challenging to achieve, says Moody's
India’s decision to slightly lower its fiscal deficit target for 2019/20 is a step in the right direction but will ......
Infrastructure
Govt to investigate Jet Airways over alleged funds mismanagement
India ordered an investigation on Thursday into alleged mismanagement of funds at Jet Airways, which halted operations in April after ......
Infrastructure
India plans $330 bn renewable energy push by 2030: Economic Survey
India said on Thursday it needs $330 billion in investments over the next decade to power its renewable energy dream, ......
Manufacturing
NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover
An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in ......
TMT
Times Group owner faces shareholder backlash over buyback plans
A group of minority shareholders in India’s Bharat Nidhi Ltd (BNL), a company owned by Indian media baron Vineet Jain, ......
Markets
Sensex closes higher ahead of Budget
Indian shares closed higher on Thursday, a day before the federal budget that is expected to cut taxes on business ......
Markets
India's blue-chip shares vastly outperform small-caps as economy cools
India’s blue-chip shares are vastly outperforming those of smaller companies as investors avoid risky bets in a slowing economy, with ......
