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Raja Ravi Verma, VS Gaitonde paintings among Nirav Modi's art collection auctioned

General

27 March, 2019

Raja Ravi Verma, VS Gaitonde paintings among Nirav Modi's art collection auctioned

Indian tax authorities raised about $8 million in an auction on Tuesday of rare oil paintings that were once part ......

Renewable energy push: Govt seeks bids for $5 bn in transmission lines

Finance

26 March, 2019

Renewable energy push: Govt seeks bids for $5 bn in transmission lines

India will launch $5 billion of transmission-line tenders in phases, beginning in June, to route a targeted 175 gigawatts (GW)...

Jyoti Structures bankruptcy resolution back on track as tribunal quashes liquidation order

Infrastructure

26 March, 2019

Jyoti Structures bankruptcy resolution back on track as tribunal quashes liquidation order

An appellate tribunal has dismissed an order by a bankruptcy court to liquidate Jyoti Structures Ltd and asked it to ......

Edelweiss targets $1-bn corpus for structured credit fund

Finance

26 March, 2019

Edelweiss targets $1-bn corpus for structured credit fund

Edelweiss Financial Services Ltd is aiming to raise up to $1 billion for its structured credit-focussed Edelweiss Special Opportunities...

Actis may sell Super-Max stake after dispute with founders; Quadria, DEG to exit Medica

General

26 March, 2019

Actis may sell Super-Max stake after dispute with founders; Quadria, DEG to exit Medica

Britain’s private equity firm Actis has hired Morgan Stanley to sell its stake in Super-Max, the world’s second-largest...

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Former Axis Capital merchant banker joins as CEO of state-run lender

Finance

25 March, 2019

Former Axis Capital merchant banker joins as CEO of state-run lender

A former deputy chief executive officer of Axis Capital will join a government-owned tourism industry financier as managing director...

Naresh Goyal exits Jet Airways board as lenders take control

Infrastructure

25 March, 2019

Naresh Goyal exits Jet Airways board as lenders take control

Naresh Goyal, the founder-chairman of cash-strapped Jet Airways, and his wife Anita Goyal have stepped down from the board, the...

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Not chasing AUM; to stay off wholesale, realty lending: APAC Fin's Randhir Singh

Finance

25 March, 2019

Not chasing AUM; to stay off wholesale, realty lending: APAC Fin's Randhir Singh

Randhir Singh Deutsche Bank’s former Asia-Pacific chief Gunit Chadha, along with others, set up Mumbai-based APAC Financial Services Pvt. Ltd last ......

PharmEasy, Drivezy seek funding from SoftBank, Amazon; Lightspeed backs Property Share

General

25 March, 2019

PharmEasy, Drivezy seek funding from SoftBank, Amazon; Lightspeed backs Property Share

Online medicine retailer PharmEasy and self-drive two-wheeler platform Drivezy are in talks to raise funding from investors including...

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Company watch: Lighthouse-backed Bikaji Foods spices up sales, profit growth

Consumer

22 March, 2019

Company watch: Lighthouse-backed Bikaji Foods spices up sales, profit growth

Bikaji Foods International Ltd accelerated its revenue growth and improved profitability for the year through March 2018, as the...

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