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Vertex Ventures raises $290 mn fund for India, Southeast Asia bets

Finance

12 September, 2019

Vertex Ventures raises $290 mn fund for India, Southeast Asia bets

Singapore-based Vertex Venture Holdings, the first main backer of Southeast Asia’s ride-hailing giant Grab, has added a new $290 million ......

Nifty, Sensex end lower as bank, auto stocks slip

Markets

12 September, 2019

Nifty, Sensex end lower as bank, auto stocks slip

Indian shares gave up gains in the last hour of trade to end lower on Thursday, with the blue-chip NSE ......

AB InBev revives Budweiser IPO plan two months after pulling out

Consumer

12 September, 2019

AB InBev revives Budweiser IPO plan two months after pulling out

Anheuser-Busch InBev said on Thursday it is continuing to explore an initial public offering in Hong Kong of its Asia ......

Saudi Aramco hires nine banks for world's biggest IPO

Infrastructure

11 September, 2019

Saudi Aramco hires nine banks for world's biggest IPO

Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to ......

Naspers spin-off Prosus soars 25% on Amsterdam trading debut

TMT

11 September, 2019

Naspers spin-off Prosus soars 25% on Amsterdam trading debut

Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their ......

Hong Kong Exchanges bids $39 bn to take over London Stock Exchange

Markets

11 September, 2019

Hong Kong Exchanges bids $39 bn to take over London Stock Exchange

Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Stock Exchange, an offer ......

Sensex ends higher as auto stocks, Yes Bank lead gains

Markets

11 September, 2019

Sensex ends higher as auto stocks, Yes Bank lead gains

Indian shares settled higher on Wednesday, ahead of key inflation data, with shares of Yes Bank Ltd witnessing its best ......

ONGC considers taking full control of western India petrochemical project

Infrastructure

11 September, 2019

ONGC considers taking full control of western India petrochemical project

India’s Oil and Natural Gas Corp Ltd plans to buy out the rest of a western Indian petrochemical project it ......

Goldman Sachs exec in India arrested over $5 mn theft complaint

Finance

11 September, 2019

Goldman Sachs exec in India arrested over $5 mn theft complaint

Indian police arrested a Goldman Sachs vice president on Tuesday after the Wall Street bank complained that he had tried ......

Yes Bank nears deal to sell stake to tech firm: CEO

Finance

10 September, 2019

Yes Bank nears deal to sell stake to tech firm: CEO

Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help ......