General
Demonetisation drags India factory output growth lower in November
Manufacturing activity in India slowed sharply in November after Prime Minister Narendra Modi's shock decision to withdraw high-value banknotes caused ......
TMT
Wipro to sell energy services biz to UTC unit for $70 mn
Wipro Ltd has decided to sell its energy management services division to a unit of United Technologies Corp (UTC), as ......
General
Malaysian sovereign fund Khazanah exits IDFC Bank
Khazanah Nasional Berhad has sold all its stake in IDFC Bank Ltd, saying goodbye to its nearly decade-long investment in ......
General
India July-Sept GDP growth quickens to 7.3%
India’s economic growth accelerated in the July-September period, thanks to higher farm output, but the government’s cash crackdown that has ......
Infrastructure
SARE Homes raises $63.5 mn from Altico Capital, KKR
Realty developer SARE Homes has raised Rs 435 crore (around $63.5 million) from non-banking financial company (NBFC) Altico Capital and ......
Infrastructure
Tata Power trims deal value of Indonesia coal mine in revised stake sale pact
Tata Power Company Ltd has signed a revised pact to sell its stake in an Indonesian mine and related trading ......
General
StanChart ASEAN & South Asia CEO Ajay Kanwal steps down over ‘disclosure lapse'
Ajay Kanwal, regional CEO for ASEAN and South Asia at Standard Chartered Bank, has resigned from the British bank with ......
Consumer
Sleepwell mattress maker raises $22 mn in anchor allotment from PremjiInvest, others
Sheela Foam Ltd, which sells its products under the brand Sleepwell, has raised Rs 153 crore ($22 million) from anchor ......
Manufacturing
Tata Steel removes Cyrus Mistry as chairman, names OP Bhatt interim chief
Tata Steel Ltd said on Friday its board has removed Cyrus Mistry from the chairman’s post with immediate effect and ......
Sponsored
Cognitive manufacturing: The next catalyst of change
Globally, ‘Industry 4.0’ has been the cornerstone of all industrial trade fairs held in 2016. Industry 4.0 aims to...
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