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Reuters

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 ......

Vodafone Idea to seek govt waiver on payments after court ruling

TMT

25 October, 2019

Vodafone Idea to seek govt waiver on payments after court ruling

Loss-making Indian mobile carrier Vodafone Idea will ask the federal government for relief on payments of at least $4 billion ......

Nifty, Sensex close lower for the week

Markets

25 October, 2019

Nifty, Sensex close lower for the week

Indian shares eked out minor gains on Friday ahead of a local holiday, as a rally in State Bank of ......

What led WeWork to accept SoftBank offer

Infrastructure

25 October, 2019

What led WeWork to accept SoftBank offer

Just a few months ago, WeWork’s co-founder Adam Neumann was being courted by Wall Street’s top investment bankers in anticipation ......

SoftBank to write down at least $5 bn for WeWork, Uber, other losses

Infrastructure

25 October, 2019

SoftBank to write down at least $5 bn for WeWork, Uber, other losses

SoftBank Group Corp is poised to write down at least $5 billion to account for a sharp drop in the value ......

WeWork plans to lay off nearly a third of global staff

Infrastructure

24 October, 2019

WeWork plans to lay off nearly a third of global staff

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put ......