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Reuters

Amazon pumps in more than $600 mn into India units

TMT

30 October, 2019

Amazon pumps in more than $600 mn into India units

Amazon.com Inc has invested around 45 billion rupees ($634.20 million) into its Indian subsidiaries as the Seattle-based e-commerce giant ramps ......

CCI to probe SoftBank-backed Oyo, MakeMyTrip

TMT

30 October, 2019

CCI to probe SoftBank-backed Oyo, MakeMyTrip

An Indian regulator has ordered an investigation into allegations that hotel-booking service MakeMyTrip Ltd gives special treatment to SoftBank-backed hotel ......

KKR quarterly earnings slide 23% as weaker deal activity hits revenue

Finance

30 October, 2019

KKR quarterly earnings slide 23% as weaker deal activity hits revenue

Private equity firm KKR & Co reported a 23% year-on-year drop in its quarterly after-tax distributable profit on Tuesday, as ......

Sensex, Nifty jump nearly 1.5%; Tata Motors, metals stocks shine

Markets

29 October, 2019

Sensex, Nifty jump nearly 1.5%; Tata Motors, metals stocks shine

Indian shares rose nearly 1.5% on Tuesday, tracking gains in broader Asia on hopes of progress in U.S.-China trade talks, ......

PM Modi says Saudi Arabia to invest in India's downstream oil, gas projects

Economy

29 October, 2019

PM Modi says Saudi Arabia to invest in India's downstream oil, gas projects

Prime Minister Narendra Modi said on Tuesday Saudi Arabia will invest in downstream oil and gas projects in India as ......

Saudi Aramco aims to begin planned IPO on November 3

Infrastructure

29 October, 2019

Saudi Aramco aims to begin planned IPO on November 3

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct ......

Indian steelmakers face debt challenges after snapping up stressed assets

Manufacturing

29 October, 2019

Indian steelmakers face debt challenges after snapping up stressed assets

India's biggest steelmakers may be suffering from buyer's remorse as assets they bought from bankrupt rivals stretch their bottom lines ......

Google owner Alphabet makes offer to acquire Fitbit

TMT

29 October, 2019

Google owner Alphabet makes offer to acquire Fitbit

Google owner Alphabet Inc has made an offer to acquire U.S. wearable device maker Fitbit Inc, as it eyes a ......

Liberty House's Sanjeev Gupta to merge steel operations ahead of possible IPO

Manufacturing

29 October, 2019

Liberty House's Sanjeev Gupta to merge steel operations ahead of possible IPO

British commodities tycoon Sanjeev Gupta will merge his family's steel operations by the end of the year into a new ......

Govt probe finds AB InBev, Carlsberg, United Breweries colluded on prices

Consumer

25 October, 2019

Govt probe finds AB InBev, Carlsberg, United Breweries colluded on prices

The investigations unit of India’s Competition Commission has concluded that Anheuser-Busch InBev (ABI.BR), Carlsberg (CARLb.CO) and United Breweries (UBBW.NS) colluded ......