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Reuters

How India is becoming a smartphone-making powerhouse

Manufacturing

25 October, 2018

How India is becoming a smartphone-making powerhouse

South Korea’s Samsung, China's Xiaomi and Taiwan’s Foxconn are among companies that are setting up or expanding mobile-phone factories in ......

Stronger rupee, falling oil prices help Sensex snap losing streak

Markets

24 October, 2018

Stronger rupee, falling oil prices help Sensex snap losing streak

Indian shares closed higher on Wednesday, snapping four sessions of losses, as a stronger rupee and falling oil prices supported ......

Sensex slips to lowest close in more than six months

Markets

23 October, 2018

Sensex slips to lowest close in more than six months

Indian shares ended lower on Tuesday, sinking further in the last hour of trade, as oil marketing companies dragged following ......

Macro concerns push Sensex lower for third straight session

Markets

22 October, 2018

Macro concerns push Sensex lower for third straight session

Indian shares fell for the third consecutive session on Monday, weighed down by index heavyweight Reliance Industries Ltd as macro concerns, ......

Goldman Sachs shuffles Asia investment banking leadership team

Finance

22 October, 2018

Goldman Sachs shuffles Asia investment banking leadership team

Goldman Sachs Group Inc has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, ......

Blackstone Q3 profit beats forecasts amid market rise

Finance

18 October, 2018

Blackstone Q3 profit beats forecasts amid market rise

Blackstone Group LP, the world's largest manager of alternative assets, modestly exceeded analyst expectations with an 11 percent jump in ......

SEBI asks Fortis Healthcare to recover $55 mn from founders, eight firms

Healthcare

18 October, 2018

SEBI asks Fortis Healthcare to recover $55 mn from founders, eight firms

India’s capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees ($55 million) from its founder brothers and firms ......

ArcelorMittal will pay creditors $1 bn to validate Essar Steel bid

Manufacturing

17 October, 2018

ArcelorMittal will pay creditors $1 bn to validate Essar Steel bid

ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in ......

SoftBank-backed InMobi acquires US telecom firm Sprint's mobile ad unit

TMT

17 October, 2018

SoftBank-backed InMobi acquires US telecom firm Sprint's mobile ad unit

Sprint Corp has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for ......

Sensex slides more than 1% amid liquidity concerns

Markets

17 October, 2018

Sensex slides more than 1% amid liquidity concerns

Indian shares ended more than one percent lower on Wednesday, dragged by financial stocks such as Indiabulls Housing Finance Ltd ......