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Grapevine: Torrent Power eyes R-Infra discoms; BNP Paribas Wealth Management India shuts

General

17 June, 2020

Grapevine: Torrent Power eyes R-Infra discoms; BNP Paribas Wealth Management India shuts

Anil Ambani’s Reliance Infrastructure has initiated negotiations with Torrent Power to sell its 51% stake each in its two...

IMF sees ‘profound uncertainty' about global recovery: Gita Gopinath

Economy

17 June, 2020

IMF sees ‘profound uncertainty' about global recovery: Gita Gopinath

The International Monetary Fund will likely forecast a worse contraction in the global economy than previously estimated for 2020...

Avendus hires IIFL, BCCL execs to ramp up wealth management business

Finance

16 June, 2020

Avendus hires IIFL, BCCL execs to ramp up wealth management business

Financial services firm Avendus Capital Pvt. Ltd has appointed two executive directors at its wealth management arm, as it overhauled...

Axis Bank ED Pralay Mondal quits, may lead another lender

Finance

16 June, 2020

Axis Bank ED Pralay Mondal quits, may lead another lender

Pralay Mondal, executive director for retail banking at Axis Bank, has resigned his position at the private-sector lender and...

Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings

Manufacturing

16 June, 2020

Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings

Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target ......

Indian exports fall by over 36% in May

Economy

15 June, 2020

Indian exports fall by over 36% in May

India’s merchandise exports shrank by more than a third in May from a year ago, dragged down by a fall ......

Qyuki founder and angel investor Samir Bangara dies in road accident

People

15 June, 2020

Qyuki founder and angel investor Samir Bangara dies in road accident

Samir Bangara, a former executive of The Walt Disney Company’s India arm and the founder of Qyuki Digital Media Pvt. ......

Grapevine: Adani, others circle 3 Odisha discoms; KKR frontrunner for JB Chemicals

General

15 June, 2020

Grapevine: Adani, others circle 3 Odisha discoms; KKR frontrunner for JB Chemicals

The Adani Group, RP-Sanjiv Goenka group’s power utility company CESC Ltd and Tata Power Co. Ltd have evinced interest in...

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Infra projects face delays, cost overruns as lockdown, labour crunch compound woes

Infrastructure

15 June, 2020

Infra projects face delays, cost overruns as lockdown, labour crunch compound woes

India’s infrastructure sector faces tough times ahead as an economic slowdown and a months-long nationwide lockdown that...

Premium
Why real estate investors, developers may favour equity capital in post-virus world

Infrastructure

12 June, 2020

Why real estate investors, developers may favour equity capital in post-virus world

India’s real estate sector may see a shift in capital raising in a post-coronavirus world with more investors and developers...

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