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Indian govt may order Uber, Ola to go electric in clean mobility push

Infrastructure

06 June, 2019

Indian govt may order Uber, Ola to go electric in clean mobility push

India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric ......

Wipro appoints Azim Premji's son Rishad as executive chairman

People

06 June, 2019

Wipro appoints Azim Premji's son Rishad as executive chairman

Software services giant Wipro Ltd said on Thursday named chief strategy officer Rishad Premji as its new executive chairman. Rishad...

SAIF Partners-backed Manpasand Beverages' chairman offers to quit

Consumer

06 June, 2019

SAIF Partners-backed Manpasand Beverages' chairman offers to quit

The chairman and managing director of Manpasand Beverages Ltd has offered to step down in the wake of an alleged ......

RBI cuts repo rate to 5.75%; changes policy stance to 'accommodative'

Economy

06 June, 2019

RBI cuts repo rate to 5.75%; changes policy stance to 'accommodative'

The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on ......

Grapevine: GIC, 5 PE firms in race for CitiusTech; Goldman, SSG eye stressed assets

General

06 June, 2019

Grapevine: GIC, 5 PE firms in race for CitiusTech; Goldman, SSG eye stressed assets

Singapore sovereign wealth fund GIC Pte. Ltd and five private equity firms have entered a second round of negotiations to ......

NBFC woes heighten as Jhunjhunwala-backed Dewan Housing misses bond payment

Finance

06 June, 2019

NBFC woes heighten as Jhunjhunwala-backed Dewan Housing misses bond payment

Shares of mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) fell as much as 18% on Thursday, their biggest intraday...

Greenko gets $495 mn from GIC, ADIA; KKR-backed Avendus in race for IDBI Mutual Fund

General

04 June, 2019

Greenko gets $495 mn from GIC, ADIA; KKR-backed Avendus in race for IDBI Mutual Fund

Singapore sovereign wealth fund GIC and the Abu Dhabi Investment Authority (ADIA) are making an equity investment of $495 million...

Flipkart's legal spat with GOQii may snowball in big India test for Walmart

TMT

04 June, 2019

Flipkart's legal spat with GOQii may snowball in big India test for Walmart

An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is...

NCLAT stays liquidation of Sterling Biotech

Healthcare

04 June, 2019

NCLAT stays liquidation of Sterling Biotech

The National Company Law Appellate Tribunal (NCLAT) has stayed the order of a lower bankruptcy court which had referred debt-laden...

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IDBI Bank looks to speed up asset-sale plans in turnaround bid

Finance

04 June, 2019

IDBI Bank looks to speed up asset-sale plans in turnaround bid

IDBI Bank hopes to complete the sale of its mutual fund and insurance businesses as well as that divestment of ......

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