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Reuters

Fiat Chrysler, Renault weigh $35 bn merger to form world's third-biggest automaker

Manufacturing

27 May, 2019

Fiat Chrysler, Renault weigh $35 bn merger to form world's third-biggest automaker

Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to confront the costs of far-reaching technological ......

Sensex, Nifty close at record highs as metal stocks provide fillip

Markets

27 May, 2019

Sensex, Nifty close at record highs as metal stocks provide fillip

  Indian shares closed at record highs on Monday, buoyed by gains in metal stocks, with Tata Steel Ltd posting its ......

Asian billionaires develop taste for boutique wealth managers

Finance

27 May, 2019

Asian billionaires develop taste for boutique wealth managers

Growing demand by Asia's rich for independent advisory services and access to a wide variety of investment products is spurring ......

Billionaire BR Shetty's payments firm Finablr to spend $200 mn on growth, M&As

Finance

27 May, 2019

Billionaire BR Shetty's payments firm Finablr to spend $200 mn on growth, M&As

Payments and foreign exchange company Finablr plans to use half of the proceeds from its share sale in London earlier ......

Sensex posts best week since November on euphoria over Modi victory

Markets

24 May, 2019

Sensex posts best week since November on euphoria over Modi victory

Indian shares jumped over 1.5% on Friday on hopes that Prime Minister Narendra Modi would pursue business-friendly policies following his ......

Foreign investors hope PM Modi dials back policy shocks after big election win

General

24 May, 2019

Foreign investors hope PM Modi dials back policy shocks after big election win

Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now ......

Sovereign wealth funds favour unlisted tech companies as private market surges

Finance

24 May, 2019

Sovereign wealth funds favour unlisted tech companies as private market surges

Sovereign wealth funds invested more than $3 billion in unlisted technology companies in 2018, the highest level in three years, ......

Former US vice president Al Gore's Generation raises $1 bn for new PE fund

Finance

23 May, 2019

Former US vice president Al Gore's Generation raises $1 bn for new PE fund

Sustainable investment specialist Generation Investment Management, co-founded by former U.S. Vice President Al Gore, has raised $1 billion for its ......

Dewan Housing shares slump on deposit curbs after rating downgrade

Finance

22 May, 2019

Dewan Housing shares slump on deposit curbs after rating downgrade

Shares of Dewan Housing Finance Corp Ltd (DHFL), one of India's biggest home loan lenders, fell as much as 18% ......

Snapdeal considers $200-250 mn bid for ShopClues

TMT

22 May, 2019

Snapdeal considers $200-250 mn bid for ShopClues

Indian online retailer Snapdeal is conducting due diligence on ShopClues, in a move likely to result in a potential acquisition ......