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Hotel Leelaventure's deal with Brookfield hits a wall as ITC moves NCLT

Consumer

23 April, 2019

Hotel Leelaventure's deal with Brookfield hits a wall as ITC moves NCLT

Cigarette-to-hotels company ITC Ltd has approached the National Company Law Tribunal (NCLT) against debt-ridden Hotel Leelaventure...

SoftBank-backed Bytedance says losing $500K daily due to India TikTok ban

TMT

23 April, 2019

SoftBank-backed Bytedance says losing $500K daily due to India TikTok ban

India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to $500,000 a day for...

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How an oil shock could hurt PE-VC investors and the Indian economy

Economy

23 April, 2019

How an oil shock could hurt PE-VC investors and the Indian economy

India will be engulfed by two heatwaves next month. For starters, the height of summer will be upon us. As ......

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Former Kotak executive floats realty investment fund

Finance

23 April, 2019

Former Kotak executive floats realty investment fund

A Mumbai-based investment banking firm has launched its maiden real estate-focused fund at a time when non-banking financial companies...

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BigBasket gets PE exec on board to beef up top deck

People

23 April, 2019

BigBasket gets PE exec on board to beef up top deck

SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, has hired a former senior executive of emerging markets-focussed...

Piramal may sell stakes in Shriram entities; MT Educare seeks funding for online app

General

23 April, 2019

Piramal may sell stakes in Shriram entities; MT Educare seeks funding for online app

The Piramal Group, led by billionaire Ajay Piramal, is in early stages of discussions to sell its stakes in three ......

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Why bankruptcy court looks set to be Jet Airways' next destination

Infrastructure

22 April, 2019

Why bankruptcy court looks set to be Jet Airways' next destination

Arvind Gupta is one of Jet Airways’ 1.4 lakh shareholders. He says he wrote the obituary for India’s oldest private...

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Jefferies loses top executive from ECM division

Finance

22 April, 2019

Jefferies loses top executive from ECM division

Global investment bank Jefferies Group LLC has lost a top executive from its equity capital markets (ECM) division who oversaw...

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ARC Scan: How Edelweiss bloomed into India's top buyer of bad loans

Finance

22 April, 2019

ARC Scan: How Edelweiss bloomed into India's top buyer of bad loans

Siby Antony, a four-decade veteran in the financial services industry, personally visits the main projects or factories of a company...

Brookfield eyes Mytrah Energy; Carlyle, Cadila team up for Bharat Serums bid

General

22 April, 2019

Brookfield eyes Mytrah Energy; Carlyle, Cadila team up for Bharat Serums bid

Canada’s Brookfield Asset Management Inc. is looking to acquire a majority stake in Mytrah Energy Ltd in a deal that ......

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