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Bombay High Court quashes govt's call for ban on Deloitte, KPMG affiliate

Finance

22 April, 2020

Bombay High Court quashes govt's call for ban on Deloitte, KPMG affiliate

An Indian court on Tuesday quashed efforts by the federal government to impose a ban on auditors Deloitte Haskins & ......

HSBC cuts top investment bank jobs despite wider firing freeze

Finance

21 April, 2020

HSBC cuts top investment bank jobs despite wider firing freeze

HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign ......

Textile exporters seek govt aid to pay wages

Manufacturing

21 April, 2020

Textile exporters seek govt aid to pay wages

Indian textile exporters, which employ about five million workers, have sought government aid to pay wages after cancelling about...

Are fund managers in India adopting ESG targets?

Finance

21 April, 2020

Are fund managers in India adopting ESG targets?

Many investors in the US and Europe have started focusing on environmental, social and governance (ESG) factors. But most fund ......

Explained: What the US oil flash crash means for India, consumers

Economy

21 April, 2020

Explained: What the US oil flash crash means for India, consumers

On Monday night India time, history was created when the US benchmark oil contract price fell below zero.  The May contract...

Grapevine: KKR mulls Ramky exit; Amazon may buy Milkbasket; Kotak may raise funds

General

21 April, 2020

Grapevine: KKR mulls Ramky exit; Amazon may buy Milkbasket; Kotak may raise funds

Private equity giant KKR & Co. is considering a sale of its controlling stake in environmental services provider Ramky Enviro...

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This might be a record year as bankruptcies go through the roof: Dhruva Advisors partner

Finance

21 April, 2020

This might be a record year as bankruptcies go through the roof: Dhruva Advisors partner

The number of bankruptcies this year could be at least four to five times that of last year owing to ......

Vijay Mallya loses appeal against extradition from Britain

People

20 April, 2020

Vijay Mallya loses appeal against extradition from Britain

Indian businessman Vijay Mallya lost an appeal in Britain’s High Court on Monday against a 2018 decision to extradite him...

At mercy of banks, cash-tight NBFCs face new turmoil

Finance

20 April, 2020

At mercy of banks, cash-tight NBFCs face new turmoil

India’s banks are freezing credit lines to shadow lenders as the coronavirus crisis shuts down commerce in Asia’s...

Factories, farming restart in rural areas even as coronavirus cases rise

General

20 April, 2020

Factories, farming restart in rural areas even as coronavirus cases rise

Some shops and businesses opened in rural India on Monday as part of a staggered exit from a weeks-long lockdown ......

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