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IIFL Finance shares plunge after RBI bars firm from offering gold loans

Finance

05 March, 2024

IIFL Finance shares plunge after RBI bars firm from offering gold loans

Shares of India's IIFL Finance fell 20% to the bottom of an exchange-mandated limit on Tuesday, a day after the ......

Indian startups ask antitrust body to order Google to restore apps

TMT

05 March, 2024

Indian startups ask antitrust body to order Google to restore apps

A group representing Indian startups has asked the country's antitrust watchdog to order Alphabet Inc's Google to reinstate apps it ......

RBI bars Fairfax-backed IIFL Finance from sanctioning, disbursing gold loans

Finance

04 March, 2024

RBI bars Fairfax-backed IIFL Finance from sanctioning, disbursing gold loans

India's central bank on Monday ordered non-bank entity IIFL Finance to stop sanctioning and disbursing gold loans, as it found ......

Tata Motors to split commercial, passenger vehicle businesses into separate firms

Manufacturing

04 March, 2024

Tata Motors to split commercial, passenger vehicle businesses into separate firms

Indian automaker Tata Motors said on Monday it will split into two listed companies, separating its commercial vehicle business from ......

Reliance, Disney to merge India media assets to create $8.5 bn powerhouse

TMT

29 February, 2024

Reliance, Disney to merge India media assets to create $8.5 bn powerhouse

India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media ......

Goldman Sachs to raise ninth private equity fund this year

General

28 February, 2024

Goldman Sachs to raise ninth private equity fund this year

Goldman Sachs CEO David Solomon said on Tuesday the firm will raise its ninth private equity fund this year. "We'll launch ......

Apollo Global co-founder Black sells stake worth $173 mn in the firm

General

28 February, 2024

Apollo Global co-founder Black sells stake worth $173 mn in the firm

Billionaire and co-founder of Apollo Global Management Leon Black has sold shares worth about $172.8 million in the private equity ......

Nita Ambani likely to be chair of merged Reliance-Disney media business

TMT

28 February, 2024

Nita Ambani likely to be chair of merged Reliance-Disney media business

Nita Ambani, wife of Indian billionaire Mukesh Ambani, is likely to be appointed chair of the board when Reliance Industries ......

QIA to invest over $1 bn in VC funds

Finance

27 February, 2024

QIA to invest over $1 bn in VC funds

Qatar's sovereign wealth fund on Monday said it would invest over $1 billion in international and regional capital funds as ......

Blackstone CEO Schwarzman's income falls 29% to nearly $897 mn in 2023

Finance

26 February, 2024

Blackstone CEO Schwarzman's income falls 29% to nearly $897 mn in 2023

Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from ......