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Jio backer Mubadala says well placed to handle virus challenge as income soars

Finance

11 June, 2020

Jio backer Mubadala says well placed to handle virus challenge as income soars

Abu Dhabi state fund Mubadala said on Thursday its strong liquidity position and a diverse portfolio will help the fund ......

Trafigura books $287 mn impairment charge on stake in refiner Nayara Energy

Infrastructure

11 June, 2020

Trafigura books $287 mn impairment charge on stake in refiner Nayara Energy

Trafigura recorded its highest first half net profit since 2016, despite $580 million in impairments, as its oil and metals ......

Grapevine: Reliance, Samara eye stake in Future Retail; Good Host buys varsity facilities

General

11 June, 2020

Grapevine: Reliance, Samara eye stake in Future Retail; Good Host buys varsity facilities

Several suitors including Reliance Retail Ltd and private equity firm Samara Capital are looking to buy a stake in Kishore ......

Indian PSUs eyed by British $1.5 tn asset manager in emerging market debt rally

Finance

11 June, 2020

Indian PSUs eyed by British $1.5 tn asset manager in emerging market debt rally

Emerging market debt playing catch up with U.S. high-yield provides some investment opportunities, analysts at Legal & General...

S&P affirms India's long-term sovereign credit rating, outlook

Finance

10 June, 2020

S&P affirms India's long-term sovereign credit rating, outlook

Standard and Poor's affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest...

OECD sees deepest peace-time slump in a century

Economy

10 June, 2020

OECD sees deepest peace-time slump in a century

The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted...

Grapevine: ZF Friedrichshafen to exit joint venture with TVS Group

General

10 June, 2020

Grapevine: ZF Friedrichshafen to exit joint venture with TVS Group

German auto parts giant ZF Friedrichshafen AG is looking to exit Brakes India, its profitable Indian joint venture with TVS ......

Vivek Gambhir resigns as Godrej Consumer MD, Nisaba Godrej takes over

Consumer

09 June, 2020

Vivek Gambhir resigns as Godrej Consumer MD, Nisaba Godrej takes over

Nisaba Godrej, the executive chairperson at Godrej Consumer Products Ltd (GCPL), has been appointed as the company’s managing...

How an obscure Indian cyber firm spied on KKR, investors and politicians globally

TMT

09 June, 2020

How an obscure Indian cyber firm spied on KKR, investors and politicians globally

A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over ......

Adani Green Energy clinches world's largest solar bid

Infrastructure

09 June, 2020

Adani Green Energy clinches world's largest solar bid

Adani Green Energy Ltd (AGEL), the clean energy arm of diversified conglomerate Adani Group, has bagged the world's largest...

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