Banking

ONGC To Invest $2 Bn In Mumbai Offshore To Raise Oil, Gas Output

India's top oil and gas producer ONGC will invest over USD 2 billion in drilling a record 103 wells on its main gas-bear... Read more

Adani Group Rout Has Room To Run As Charts Show 85% Call Still Valid

The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani's empire may still e... Read more

Indian Footwear Retailer Metro Hiring Up To 2,000 Store Workers, Says CEO

The company, which had 720 stores as of end-2022 and nearly 4,000 employees overall, said last March it would add 260 ne... Read more

Wipro President Rajan Kohli Resigns After Nearly Three Decades: Report

Kohli was the president of Wipro's Integrated Digital, Engineering, and Application Services Business Line (iDEAS), and ... Read more

Banks, Bondholders To Recover Less From Insolvencies Under New Proposal

Secured creditors, typically banks and bondholders, would continue to have first claim on proceeds of an insolvency reso... Read more

Tata Motors In Talks To Raise $1 Bn Via Stake Sale In EV Business: Report

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a sig... Read more

Hindenburg Fallout: Adani Group Decreasing Exposure To Indian Banks

Of all the debt the Adani Group has, over half is foreign debt in the form of overseas bonds and loans taken from foreig... Read more

Fresh Blow To Adani After Wikipedia Claims Entries On Group Manipulated

In its report, The Signpost alleged that over 40 sock puppets or undeclared paid editors created or revised 9 articles o... Read more

Adani's Older Brother Plays Opaque, Powerful Role At Embattled Dynasty

Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said ide... Read more

Sri Lanka Investment Board Approves $442-mn Adani Green Wind Power Plants

Sri Lankans have been struggling with rolling powers cuts for over a year as the country struggled to generate sufficien... Read more

Zomato Unveils New 'Everyday' Offering For Affordable Home-cooked Meals

The new offering will provide meals starting at Rs 89 and is currently available in select areas of Gurugram only Read more

Why Seek Hearing Of 2019 Case Against Adani Now: High Court to SFIO

The Bombay High Court on Wednesday in jest remarked if the Serious Fraud Investigation Office (SFIO) has sought hearing ... Read more

Amazon Closes $3.9 Billion Acquisition Of Health Company One Medical

Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical. The e-co... Read more

Orient Cement Terminates MoU With Adani Power To Set Up Unit In Maharashtra

Orient Cement entered into a MoU on September 24, 2021 with Adani Power Maharashtra Ltd (APML) Read more

Bill Gates Buys Minority Stake In Heineken Holding NV For $902 Million

Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world's second-large... Read more