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Govt invites initial bids for 26% stake in state-run BEML

Manufacturing

04 January, 2021

Govt invites initial bids for 26% stake in state-run BEML

India has invited initial bids from private firms for a 26% stake in state-owned defence and engineering company BEML Ltd, ......

Govt eyes asset sales to partly fund higher spending next year

Economy

30 December, 2020

Govt eyes asset sales to partly fund higher spending next year

India is likely to spend more next fiscal year than this year's budgeted $415 billion and prioritise infrastructure projects, relying ......

Grapevine: Yuri Milner to invest in Rupeek; Interups backs out of Air India race

General

30 December, 2020

Grapevine: Yuri Milner to invest in Rupeek; Interups backs out of Air India race

Yuri Milner, the billionaire chief of global technology fund DST Global, is in advanced discussions to back gold-loans startup Rupeek, ......

Tata Sons, others submit initial bids for Air India

Infrastructure

14 December, 2020

Tata Sons, others submit initial bids for Air India

The Indian government said on Twitter it has received multiple bids for its stake in state-run carrier Air India, the ......

Grapevine: GIC hires WestBridge exec for India fund; Tatas ask SIA to drop non-compete

General

27 November, 2020

Grapevine: GIC hires WestBridge exec for India fund; Tatas ask SIA to drop non-compete

Singapore’s sovereign wealth fund GIC is set to launch an India-dedicated public market fund of size up to $3 billion ......

Govt asks state-run firms to consider buybacks in move to bridge fiscal gap

Economy

19 October, 2020

Govt asks state-run firms to consider buybacks in move to bridge fiscal gap

India has asked at least eight state-run companies to consider share buybacks in the fiscal year that runs through March ......

Grapevine: ARCIL, others bid for Reliance Commercial Finance; Tatas' Air India bid soon

General

14 August, 2020

Grapevine: ARCIL, others bid for Reliance Commercial Finance; Tatas' Air India bid soon

Thirteen investors submitted bids for Reliance Commercial Finance, which is undergoing an insolvency process, after lenders led by Bank of ......

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Why Indian aviation faces a long flight to full recovery from virus impact

Infrastructure

21 May, 2020

Why Indian aviation faces a long flight to full recovery from virus impact

The government’s decision to allow domestic carriers to resume partial operations from next week came as a shot of adrenaline ......

Govt allows some flights, asks airlines to follow ticket price rules

Infrastructure

21 May, 2020

Govt allows some flights, asks airlines to follow ticket price rules

Airlines should stick to ticket price guidelines issued by India's civil aviation ministry when they restart some domestic flights, two ......

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Coronavirus: Which PE portfolio firms are in the line of direct fire?

Consumer

16 March, 2020

Coronavirus: Which PE portfolio firms are in the line of direct fire?

Private equity firms can expect some of their portfolio companies in travel, food, hospitality and entertainment to take a hit ......