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PE-backed SBI Cards' IPO crosses one-third mark on first day

Finance

02 March, 2020

PE-backed SBI Cards' IPO crosses one-third mark on first day

The initial public offering of SBI Cards & Payment Services Ltd crossed the one-third mark on the first day of ......

Rupee hits 15-month low after fresh coronavirus cases in India

Markets

02 March, 2020

Rupee hits 15-month low after fresh coronavirus cases in India

The Indian rupee weakened for the third straight session on Monday, falling to its lowest level in more than 15 ......

Nifty, Sensex take negative turn after two new cases of coronavirus

Markets

02 March, 2020

Nifty, Sensex take negative turn after two new cases of coronavirus

Indian shares gave up early gains to settle lower for a seventh straight session on Monday, rocked by fears the ......

Factory activity growth slows in February on weak demand

Manufacturing

02 March, 2020

Factory activity growth slows in February on weak demand

India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening in demand ......

Apollo Global, other PE firms eye distressed investments as coronavirus fears grow

Finance

02 March, 2020

Apollo Global, other PE firms eye distressed investments as coronavirus fears grow

Major private equity firms, which have built up big distressed debt funds in recent years, are ready to snap up ......

Coronavirus outbreak rains on dealmakers' M&A parade

General

02 March, 2020

Coronavirus outbreak rains on dealmakers' M&A parade

The steep market drop triggered by the global coronavirus outbreak has led many companies to hit the 'pause' button on ......

Why corporate dealmakers are fighting over coronavirus references

Finance

02 March, 2020

Why corporate dealmakers are fighting over coronavirus references

Many companies negotiating mergers and acquisitions (M&A) contracts are haggling over whether the global coronavirus outbreak should offer legal grounds ......

Mahindra & Mahindra, Tata Motors say coronavirus outbreak hitting parts supply

Manufacturing

02 March, 2020

Mahindra & Mahindra, Tata Motors say coronavirus outbreak hitting parts supply

Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had ......

Economy grows slowly in December quarter, with virus impact to come

Economy

28 February, 2020

Economy grows slowly in December quarter, with virus impact to come

India’s economy expanded by 4.7% in the December quarter compared with the same period a year earlier, the slowest pace ......

Sensex, Nifty record worst week since 2009 as pandemic fears grow

Markets

28 February, 2020

Sensex, Nifty record worst week since 2009 as pandemic fears grow

Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over ......