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3 mins read

SC to hear plea related to insolvency proceedings against ed-tech firm Byju's on Sept 17

The Supreme Court will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC …

PTI   


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2 mins read

RBI imposes penalties on three housing finance companies for non-compliance with directions

The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…

ANI   


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1 min read

Russia's frozen assets are being used by the UK for a $3 billion loan to Ukraine

The loan to Ukraine is part of a larger $50 billion package that G7 nations have already pledged to…

R   


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3 mins read

Reliance expects to complete merger with Disney's India business in Q3

Reliance Industries, led by Mukesh Ambani, is set to merge its media assets with the Walt Disney's …

PTI   


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TikTok and its owner ramped up their hiring of Chinese employees, even as Congress raised national security concerns

TikTok and its owner ByteDance sought to hire 669 Chinese employees in the US through the H-1B prog…

Dan Whateley   


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The national debt crisis is set to worsen no matter who wins the election — here's what you can do to protect your portfolio

Don't expect politicians to address the issue of soaring national debt anytime soon. For investors,…

Christine Ji   


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5 mins read

Cementing dominance: Birla vs Adani, of Chaebols, conglomerates, and National Champions

Ultratech and Adani aggressively acquire smaller cement companies. Does this consolidation resemble…

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3 mins read

Weak debut: Jana Small Finance Bank lists at 4% discount to IPO price

​​Jana Small Finance Bank listed with muted gains on Wednesday morning on Dalal Street. The stock l…

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1 min read

Airbus agrees to pay $1 for Spirit AeroSystems assets in deal sparked by Boeing 737 Max blowout

Airbus said it would also receive $559 million in compensation from Spirit AeroSystems. Boeing is b…

Pete Syme   


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2 mins read

Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to u…

PTI   


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Bad loans of India's banks to rise to 8-9% this year, says CRISIL

The Covid-19 relief measures such as the restructuring dispensation, and the Emergency Credit Li…

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1 min read

India's bad bank gets government nod — green lights NARCL with ₹30,600 crore guarantee

The government guarantee would be invoked if there is loss against the threshold value. Br…

PTI   


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These are all the Red Lobster restaurants the company wants to close

Red Lobster said that the leases on the restaurants were "likely to continue to drive losses" for t…

Grace Dean   


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Chinese companies are setting up shop anywhere but China — and the US

Chinese companies now favor greenfield deals over mergers and acquisitions amid geopolitical tensio…

Huileng Tan   


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Trump tried to move assets to Florida, NY officials complain in fraud-judgment filing

State AG Letitia James says Trump's attempt to shift assets means he can't be trusted to post an IO…

Laura Italiano   


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Autry Stephens sold his company for $26 billion but died before the deal was done. Here's how a Texas farm boy became an oil tycoon.

Autry Stephens built Endeavor Energy into one of the biggest private oil producers and sold the com…

Theron Mohamed   


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2 mins read

Adani and Sunteck Realty show interest in acquiring HDIL

Adani Properties, Sunteck Realty and Suraksha Asset Reconstruction Ltd are among the companies whic…

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3 mins read

Time to hang my boots says Deepak Parekh in his last letter to HDFC shareholders

HDFC Chairman Deepak Parekh expressed confidence that the reverse merger between HDFC Bank and its …

PTI   


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HDFC AMC’s Q2 profit after tax grows 6% on year to ₹364 crore

India’s third-largest mutual fund house HDFC Asset Management Company on Wednesday announced a prof…

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NCLT withholds merger of Embassy group firms with Indiabulls Real Estate

The National Company Law Tribunal, Chandigarh bench, has withheld the merger of realty firm Embassy…

PTI