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India to miss fiscal deficit target as slowing growth crimps tax revenue

Finance

17 October, 2019

India to miss fiscal deficit target as slowing growth crimps tax revenue

India is likely to miss its fiscal deficit target of 3.3% of gross domestic product for the current financial year ......

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Fairfax exits 18-year investment in ICICI Lombard, clocking modest returns overall

Finance

17 October, 2019

Fairfax exits 18-year investment in ICICI Lombard, clocking modest returns overall

Canadian investor Fairfax Financial Holdings Ltd has sold its remaining stake in India’s largest private non-life insurer...

Citigroup names Peter Babej as Asia Pacific chief executive

Finance

17 October, 2019

Citigroup names Peter Babej as Asia Pacific chief executive

Citigroup Inc has named Peter Babej, the U.S. bank's global head of financial institutions group, as its new Asia Pacific...

PremjiInvest, Warburg Pincus to buy IAG's stake in SBI General

Finance

17 October, 2019

PremjiInvest, Warburg Pincus to buy IAG's stake in SBI General

Premjilnvest, the family office of Wipro Ltd’s Azim Premji, and private equity firm Warburg Pincus are buying Insurance Australia Group’s ......

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KKR elevates Ashish Shastry to co-head Asia private equity business

Finance

16 October, 2019

KKR elevates Ashish Shastry to co-head Asia private equity business

Global alternative assets manager KKR & Co. has promoted Ashish Shastry, its Southeast Asia head, to co-lead its private equity...

Insurance broker Marsh India to buy JLT Independent

Finance

16 October, 2019

Insurance broker Marsh India to buy JLT Independent

Marsh India Insurance Brokers Pvt. Ltd, a joint venture of Marsh & McLennan Companies and India-based Rampart Trust, has said...

Slowing Indian bank lending overshadows economic rebound hopes

Economy

16 October, 2019

Slowing Indian bank lending overshadows economic rebound hopes

Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of ......

India cannot sacrifice economic strength to comply with US sanctions: Sitharaman

Economy

16 October, 2019

India cannot sacrifice economic strength to comply with US sanctions: Sitharaman

India wants to comply with global sanctions, including U.S. sanctions on Venezuela and Russia, but also needs to maintain its...

India's trade deficit narrows to $10.86 bn in September

Economy

15 October, 2019

India's trade deficit narrows to $10.86 bn in September

India’s trade deficit in September narrowed to $10.86 billion from $14.95 billion a year ago, the trade ministry said in...

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Former KPMG exec floats valuation advisory firm, to go on hiring spree

Finance

15 October, 2019

Former KPMG exec floats valuation advisory firm, to go on hiring spree

A former KPMG executive, who co-founded a boutique advisory firm last year, has floated another firm that will offer valuation...

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