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Govt may allow EPFO to invest more in stocks

General

09 February, 2017

Govt may allow EPFO to invest more in stocks

India is considering allowing the state-run social security and pension fund to invest more in the stock market, Labour Minister ......

India asks UK to extradite Vijay Mallya

General

09 February, 2017

India asks UK to extradite Vijay Mallya

India said on Thursday it had applied to Britain to extradite Vijay Mallya to face trial after the liquor and ......

Goldman Sachs shifting London hedge fund operations to US

General

09 February, 2017

Goldman Sachs shifting London hedge fund operations to US

Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is ......

Alibaba's Ant Financial to raise up to $3 bn in debt for overseas expansion

General

09 February, 2017

Alibaba's Ant Financial to raise up to $3 bn in debt for overseas expansion

China's most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2-$3 billion ......

Cipla scouts for more acquisitions to build US biz

Healthcare

08 February, 2017

Cipla scouts for more acquisitions to build US biz

Indian drugmaker Cipla Ltd's third-quarter profit beat estimates due to higher sales in the United States, and the company said ......

RBI to remove all cash withdrawal limits from March 13

General

08 February, 2017

RBI to remove all cash withdrawal limits from March 13

The Reserve Bank of India (RBI) said it would remove the cash withdrawal limit from automated teller machines (ATMs) and ......

Carlyle earnings miss outlook on hedge fund losses

General

08 February, 2017

Carlyle earnings miss outlook on hedge fund losses

Private equity firm Carlyle Group L.P. posted sharply lower-than-expected fourth-quarter earnings on Wednesday following losses in its hedge fund businesses ......

MobiKwik in talks to raise funds, targets $1 bn valuation

TMT

08 February, 2017

MobiKwik in talks to raise funds, targets $1 bn valuation

Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level ......

Note ban woes linger as India services activity contracts again in January

General

03 February, 2017

Note ban woes linger as India services activity contracts again in January

Activity in India's services industry contracted for a third straight month in January, although at a slower pace, as firms ......

RBI revises rules for commercial paper

General

03 February, 2017

RBI revises rules for commercial paper

The Reserve Bank of India (RBI) issued revised guidelines for commercial paper, including mandating that the issuer must disclose the ......