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Infrastructure
Lodha Developers keeps date with creditors, repays key offshore bond
India’s top property developer Lodha Group, which was facing difficulty in meeting its debt obligations, has repaid $325...
Finance
SBI board okays $975 mn investment in moratorium-hit Yes Bank
State Bank of India’s board has approved an investment of Rs 7,250 crore ($975 million) in cash-starved private sector lender...
Economy
India faces revenue fall as coronavirus bites economy
India faces a sharp decline in government revenues and economic growth for at least two quarters as the coronavirus hits ......
TMT
Which top-funded Indian startups are spending the most on technology?
India’s top-funded startups shelled out almost half a billion dollars to beef up technology infrastructure during the year...
General
Grapevine: Deutsche Bank pulls out of DHFL bidding; JM Baxi may raise CPPIB funds
German lender Deutsche Bank has backed out from bidding for embattled Dewan Housing Finance Corp. Ltd, citing clash of interests,...
Infrastructure
Jet Airways gets no bids, almost certain to be liquidated
Bankrupt carrier Jet Airways (India) Ltd has failed to attract any buyer and is likely to be sent for liquidation ......
Finance
Deal with Yes Bank's bondholders 'in process', says administrator
The administrator of India’s Yes Bank told Reuters a deal was being discussed with some bondholders who have opposed a ......
General
Grapevine: Goldman Sachs, ChrysCapital may buy into Shriji; MobiKwik raises funding
Investment bank Goldman Sachs and private equity firm ChrysCapital are eyeing a 20% stake in Shriji Polymers (India) Ltd, two...
Manufacturing
Tata Steel Europe to cut 1,250 jobs in turnaround push
Tata Steel Europe is planning to cut 1,250 jobs as it faces "challenging circumstances" and "needs to urgently...
Finance
Avanse Financial CEO on growth plan under new majority owner Warburg Pincus
In March 2019, private equity firm Warburg Pincus agreed to acquire an 80% stake in education lender Avanse Financial Services ......
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