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Reuters

SBI net profit falls 13.6%; shares drop

General

12 August, 2013

SBI net profit falls 13.6%; shares drop

State Bank of India (SBI), the country's largest lender, posted a second consecutive drop in quarterly net profit, missing estimates, ......

India finally updates 1950s company laws

Others

08 August, 2013

India finally updates 1950s company laws

India ratified its first major overhaul of company law in more than 50 years on Thursday, seeking to strengthen accounting ......

Carlyle's dry powder rises to $49B in Q2, total AUM at $180.4B; fundraising cost up

Others

08 August, 2013

Carlyle's dry powder rises to $49B in Q2, total AUM at $180.4B; fundraising cost up

Carlyle Group LP on Wednesday posted a second-quarter profit after a year-ago loss, but it fell short of Wall Street's ......

Blackstone prepares to take Hilton public

Consumer

08 August, 2013

Blackstone prepares to take Hilton public

Blackstone Group LP has selected banks to lead an initial public offering of Hilton Worldwide Inc as it prepares to ......

Government should cap local gas prices says parliamentary panel

Infrastructure

07 August, 2013

Government should cap local gas prices says parliamentary panel

India should cap local gas prices after a scheduled rise in April to avoid hurting the slowing economy, a parliamentary ......

Cognizant raises forecast as discretionary spending returns

TMT

07 August, 2013

Cognizant raises forecast as discretionary spending returns

Cognizant Technology Solutions Corp reported better-than-expected quarterly results and raised its forecast for the year as clients in North America ......

Raghuram Rajan appointed as next RBI governor

General

06 August, 2013

Raghuram Rajan appointed as next RBI governor

India named Raghuram Rajan, a prominent former International Monetary Fund chief economist who in 2005 predicted the global financial crisis, ......

Sensex tumbles 450 points after rupee hits record low

General

06 August, 2013

Sensex tumbles 450 points after rupee hits record low

The BSE Sensex slumped nearly 2.5 per cent on Tuesday as lenders such as Yes Bank fell on fears that ......

Aviva planning sale of India life insurance stake

General

05 August, 2013

Aviva planning sale of India life insurance stake

Aviva PLC is planning to pull out of its Indian insurance joint venture, valued at more than $500 million, ......

With few big deals, private equity moves to be Asia's new banker

General

05 August, 2013

With few big deals, private equity moves to be Asia's new banker

In three years, global private equity firm KKR & Co has provided over $1.5 billion in loans to companies in ......