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Grapevine: Goldman invests in Ozone park; HDFC Capital Advisors may raise $1 bn

General

30 September, 2019

Grapevine: Goldman invests in Ozone park; HDFC Capital Advisors may raise $1 bn

Global institutional investor Goldman Sachs Group has invested around Rs 500 crore ($70.8 million at current exchange rate) in...

Govt may seek $4.3 bn interim dividend from RBI to bridge fiscal gap

Economy

30 September, 2019

Govt may seek $4.3 bn interim dividend from RBI to bridge fiscal gap

The Indian government may request an interim dividend of around 300 billion rupees ($4.3 billion) from the Reserve bank of ......

Dewan Housing proposes converting debt to equity under draft resolution plan

Finance

30 September, 2019

Dewan Housing proposes converting debt to equity under draft resolution plan

India’s crisis-hit shadow bank Dewan Housing Finance Ltd (DHFL) has submitted a draft resolution plan proposing to convert...

RBI imposes curbs on Lakshmi Vilas Bank amid police probe

Finance

30 September, 2019

RBI imposes curbs on Lakshmi Vilas Bank amid police probe

India’s central bank issued a regulatory action on Lakshmi Vilas Bank, the lender said in a statement on Saturday, at ......

Mumbai developer Lokhandwala goes bust, felling skyscraper plans with Shapoorji

Infrastructure

27 September, 2019

Mumbai developer Lokhandwala goes bust, felling skyscraper plans with Shapoorji

Lokhandwala Infrastructure Pvt. Ltd is the latest to go bust, its bankruptcy spoiling plans to complete the 90-floor iconic Minerva...

India looks to ease foreign investment limits in govt bonds

Finance

27 September, 2019

India looks to ease foreign investment limits in govt bonds

India is looking to ease foreign investment limits in government bonds, as it seeks to get its securities included in ......

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How mattress e-tailer Wakefit's founders tasted success after three failures

Consumer

27 September, 2019

How mattress e-tailer Wakefit's founders tasted success after three failures

It isn’t usually easy for entrepreneurs to get investors to back their business ideas. It’s even harder if the entrepreneurs...

Police probes Lakshmi Vilas Bank directors for alleged fraud

Finance

27 September, 2019

Police probes Lakshmi Vilas Bank directors for alleged fraud

Shares of Lakshmi Vilas Bank dropped nearly 5% on Friday, after the country’s Economic Offences Wing (EOW) filed a report...

GDP growth to improve in second half of FY20: Finance minister Sitharaman

Economy

27 September, 2019

GDP growth to improve in second half of FY20: Finance minister Sitharaman

India’s economic growth is likely to pick up in the October-March period as consumer demand is expected to improve, Finance...

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Why VC-backed meat and fish e-tailer Licious is going offline

Consumer

27 September, 2019

Why VC-backed meat and fish e-tailer Licious is going offline

Online meat and fish ordering platform Licious, operated by Delightful Gourmet Pvt. Ltd, raised $50 million in its Series C ......

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