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India's love for cash hinders move to digital economy despite demonetisation push

Finance

14 November, 2019

India's love for cash hinders move to digital economy despite demonetisation push

India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and...

Grapevine: Investec eyes SBI Caps stake; SoftBank sets 5-year IPO deadline for Paytm

General

14 November, 2019

Grapevine: Investec eyes SBI Caps stake; SoftBank sets 5-year IPO deadline for Paytm

The local unit of South African financial services group Investec is leading the race to buy a stake in State ......

WeWork loss widens to $1.25 bn amid office space expansion

Infrastructure

14 November, 2019

WeWork loss widens to $1.25 bn amid office space expansion

The We Company, owner of WeWork, said on Wednesday net losses in the third quarter more than doubled to $1.25 ......

 Dewan Housing lenders get temporary relief on $5.6 bn loans

Finance

14 November, 2019

Dewan Housing lenders get temporary relief on $5.6 bn loans

An Indian court on Wednesday allowed banks to recover some dues from shadow lender Dewan Housing Finance Corporation Ltd, granting...

KKR India chief Sanjay Nayar quits Coffee Day board

Consumer

13 November, 2019

KKR India chief Sanjay Nayar quits Coffee Day board

KKR India chief executive Sanjay Nayar has resigned from the board of Coffee Day Enterprises Ltd, the operator of the ......

Retail inflation breaches RBI target, quickens to 4.62% in October

Economy

13 November, 2019

Retail inflation breaches RBI target, quickens to 4.62% in October

India’s retail inflation rate rose to 4.62% in October, driven by higher food prices, the government said on Wednesday. Annual...

Michael Sabia, who oversaw CDPQ's aggressive India foray, to step down as CEO

People

13 November, 2019

Michael Sabia, who oversaw CDPQ's aggressive India foray, to step down as CEO

Michael Sabia, the longest-serving boss of the Caisse de dépôt et placement du Québec (CDPQ), Canada’s...

Grapevine: Munjal, DSP Group founder eye Yes Bank stake; Bharti bids for R-Com assets

General

13 November, 2019

Grapevine: Munjal, DSP Group founder eye Yes Bank stake; Bharti bids for R-Com assets

Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group,...

Premium
Former Fosun, Rocket Internet and Booz & Co execs team up for new firm

Finance

13 November, 2019

Former Fosun, Rocket Internet and Booz & Co execs team up for new firm

Vipin Agarwal, who was most recently the senior director for investments at Fosun RZ Capital, has floated a partnership firm ......

Aviva Life under IBC for not paying landlord; first financial firm to enter NCLT

Finance

12 November, 2019

Aviva Life under IBC for not paying landlord; first financial firm to enter NCLT

The bankruptcy tribunal has ordered proceedings against Aviva Life Insurance in a case by Apeejay Trust for failure to pay ......

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