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Vedanta's Zambia copper mine may get nine bids

Manufacturing

17 July, 2019

Vedanta's Zambia copper mine may get nine bids

Zambia expects nine companies to submit bids for Konkola Copper Mines (KCM) within weeks, mines minister Richard Musukwa said on ......

US FDA says drugmaker Strides Pharma Science shredded key documents

Healthcare

17 July, 2019

US FDA says drugmaker Strides Pharma Science shredded key documents

A U.S. Food and Drug Administration (FDA) investigator discovered that India’s Strides Pharma Science Ltd, which exports to the U.S. ......

Sensex gains for third day in a row as SBI, Indiabulls Housing surge

Markets

17 July, 2019

Sensex gains for third day in a row as SBI, Indiabulls Housing surge

Indian shares closed higher for the third straight day on Wednesday, boosted by gains in financial stocks, with top lender ......

Jet Airways lenders attempt to sell bankrupt carrier again

Infrastructure

17 July, 2019

Jet Airways lenders attempt to sell bankrupt carrier again

Lenders to Jet Airways will open bids to sell the bankrupt airline on July 20, as they look to recover ......

India plans to open up gas distribution market to lure private firms, investments

Infrastructure

16 July, 2019

India plans to open up gas distribution market to lure private firms, investments

The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural ......

Dewan Housing lenders may accept limited haircuts to finalise rescue package

Finance

16 July, 2019

Dewan Housing lenders may accept limited haircuts to finalise rescue package

Lenders to India’s Dewan Housing Finance Ltd (DHFL) are prepared to accept limited haircuts as part of a debt restructuring ......

Sensex, Nifty close higher as Tata Motors, Yes Bank surge

Markets

16 July, 2019

Sensex, Nifty close higher as Tata Motors, Yes Bank surge

Indian shares ended higher on Tuesday, led by strong gains in Yes Bank Ltd ahead of its quarterly results, while ......

Family offices sprout as growth in Asia-Pacific trumps US, Europe

Finance

16 July, 2019

Family offices sprout as growth in Asia-Pacific trumps US, Europe

The number of family offices -- companies that manage portfolios for individual families -- has risen by 38% over the ......

Will the budget proposal to raise taxes on the rich hit foreign investment inflows?

Finance

16 July, 2019

Will the budget proposal to raise taxes on the rich hit foreign investment inflows?

The government's budget proposal earlier this month to increase taxes on those with annual incomes of more than 20 million ......

Actis takes on management of two Abraaj funds

Finance

16 July, 2019

Actis takes on management of two Abraaj funds

Private equity firm Actis said on Monday it had acquired the rights to manage two private equity funds previously managed ......