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Rupee ends Thursday's session at fresh record low

Economy

18 April, 2024

Rupee ends Thursday's session at fresh record low

The Indian rupee logged a record closing low against the dollar on Thursday, but ended little changed as it was ......

Decline in income from asset divestments caps Blackstone's Q1 earnings growth

Finance

18 April, 2024

Decline in income from asset divestments caps Blackstone's Q1 earnings growth

Blackstone Inc, the world's largest private equity firm, said on Thursday that its first-quarter distributable earnings rose 1% year-on-year supported ......

Binance gets Dubai regulator nod to onboard retail clients

TMT

18 April, 2024

Binance gets Dubai regulator nod to onboard retail clients

Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai's regulator VARA that will allow the platform ......

Abu Dhabi's TAQA in talks with investors of Spanish firm Naturgy for possible takeover

Infrastructure

18 April, 2024

Abu Dhabi's TAQA in talks with investors of Spanish firm Naturgy for possible takeover

Abu Dhabi's TAQA is in talks with the three largest shareholders of Spanish energy firm Naturgy with a view to ......

Dialog Axiata to buy Bharti Airtel's telecom operations in Sri Lanka

TMT

18 April, 2024

Dialog Axiata to buy Bharti Airtel's telecom operations in Sri Lanka

Sri Lankan telecom operator Dialog Axiata has signed a definitive agreement to buy Bharti Airtel's operations in the island nation, ......

Musk likely to announce $2-3 bn Tesla investment in India during visit next week

TMT

17 April, 2024

Musk likely to announce $2-3 bn Tesla investment in India during visit next week

Tesla chief Elon Musk is set to announce an investment in India of $2-3 billion, mainly for building a new factory, ......

Gautam Adani, family raise stake in Ambuja Cements to 70%

Manufacturing

17 April, 2024

Gautam Adani, family raise stake in Ambuja Cements to 70%

Indian billionaire Gautam Adani's family raised its stake in Ambuja Cements to 70.3% from 66.7% with a 83.39 billion rupees ......

Fairfax-backed IIFL Finance to raise $152 mn via share sale amid ban on gold loans

Finance

17 April, 2024

Fairfax-backed IIFL Finance to raise $152 mn via share sale amid ban on gold loans

India's IIFL Finance will raise 12.72 billion rupees ($152 million) by selling shares, the non-bank lender said on Wednesday, aiming ......

Morgan Stanley, HSBC cut dozens of investment banking jobs in Asia-Pacific

People

17 April, 2024

Morgan Stanley, HSBC cut dozens of investment banking jobs in Asia-Pacific

Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge ......

Rajiv Jain's GQG, Fidelity pick up shares worth $261 mn in Vodafone Idea

TMT

17 April, 2024

Rajiv Jain's GQG, Fidelity pick up shares worth $261 mn in Vodafone Idea

Investment firms GQG and Fidelity picked up shares worth $261 million in India's Vodafone Idea as part of the debt-saddled ......