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Grapevine: Marshall, others vie for Yes Bank; Delhivery eyes units of Blue Dart, Gati

General

07 November, 2019

Grapevine: Marshall, others vie for Yes Bank; Delhivery eyes units of Blue Dart, Gati

Discovery Capital, UK-based hedge fund Marshall Wace and others have joined buyout firms Carlyle and Farallon to buy a stake ......

Govt approves $1.4 bn for fund to help stalled housing projects

Infrastructure

07 November, 2019

Govt approves $1.4 bn for fund to help stalled housing projects

India’s cabinet has approved 100 billion rupees ($1.4 billion) for a fund to help clear stalled housing projects, Finance...

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Arcil hires Edelweiss exec as chief investment officer

Finance

06 November, 2019

Arcil hires Edelweiss exec as chief investment officer

Asset Reconstruction Company (India) Ltd, or Arcil, has hired a senior executive from Edelweiss Group to oversee stressed-asset...

Insolvency court admits case against Flipkart but high court orders stay

TMT

06 November, 2019

Insolvency court admits case against Flipkart but high court orders stay

A tribunal in Bengaluru has ordered to start insolvency proceedings against Flipkart India Pvt. Ltd for a payments default, but...

India leads downgrades as analysts cut Asian firms' 2019 profit outlook

Finance

06 November, 2019

India leads downgrades as analysts cut Asian firms' 2019 profit outlook

Analysts trimmed their 2019 earnings forecasts for Asian companies by a smaller margin over the past month, Refinitiv data showed,...

SoftBank posts $6.5 bn quarterly loss as WeWork, Uber bets stumble

Finance

06 November, 2019

SoftBank posts $6.5 bn quarterly loss as WeWork, Uber bets stumble

SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts’ estimates, hit by the ......

Grapevine: ReNew execs join Temasek-EQT's energy JV; Adani seeks time for airport deal

General

06 November, 2019

Grapevine: ReNew execs join Temasek-EQT's energy JV; Adani seeks time for airport deal

Singapore’s Temasek is teaming up with Swedish private equity group EQT to launch a platform for India, O2 Power, that ......

CBI registers 42 new bank fraud cases totalling $1 bn

Finance

06 November, 2019

CBI registers 42 new bank fraud cases totalling $1 bn

India’s federal police said on Tuesday that they had registered 42 new cases of bank fraud amounting to about 72 ......

Is the world's biggest trade pact a missed opportunity for India?

Economy

05 November, 2019

Is the world's biggest trade pact a missed opportunity for India?

Although India pulled out at the last minute, China and 14 other countries agreed in Bangkok this week on plans ......

ReNew Power backer CPPIB buys American-Japanese clean energy firm Pattern

Infrastructure

05 November, 2019

ReNew Power backer CPPIB buys American-Japanese clean energy firm Pattern

Renewable power producer Pattern Energy Group Inc. said on Monday it agreed to be taken private by the Canada Pension ......

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