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Economy
India's trade deficit narrows to $13.45 bn in August
India’s trade deficit in August narrowed to $13.45 billion from $17.92 billion a year ago, the trade ministry said in ......
Consumer
Delhi Police probing Budweiser maker AB InBev in tax evasion case
Police in India’s capital New Delhi are probing a case of alleged tax evasion involving Anheuser-Busch InBev, according...
General
Grapevine: Hindustan Unilever leads race for dairy firm; Arohan seeks to raise $200 mn
Consumer goods giant Hindustan Unilever Ltd has emerged as the front-runner to buy Nagpur-based Dinshaw’s Dairy Foods, a...
Consumer
Nurturing restaurateurs better than buying a chain: Social café owner Riyaaz Amlani
Impresario Entertainment and Hospitality Pvt Ltd, which operates coffee shop restaurant brands such as Social Café, Smoke House Deli and ......
Finance
PE-backed lender Altico Capital defaults on debt; chairperson quits
Altico Capital India Ltd, a non-banking financial company that focuses on the real estate sector, has defaulted on its debt ......
Economy
Retail inflation climbs to 10-month high in August but another rate cut likely
India’s retail inflation rate increased to a 10-month high in August but stayed below the central bank’s 4% medium-term...
Finance
OPIC approves $185 mn in financing for Cholamandalam Investment
The Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, has approved a loan...
Finance
JM Financial injects fresh capital into asset reconstruction arm
JM Financial Asset Reconstruction Company Ltd has raised Rs 183.37 crore ($25.65 million) by allotting compulsory convertible...
General
Grapevine: Blackstone plans India warehousing deal; Dalmia eyes Emami cement biz
Private equity firm Blackstone is in discussions to invest Rs 1,500 crore ($209 million) in a venture with India's Allcargo...
Finance
Bank of Baroda looks to raise at least $74 mn by auctioning Dena Bank office
State-run Bank of Baroda is looking to sell the eight-storeyed corporate office of Dena Bank, which it absorbed last year, ......
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