A full 6 months after the boards of IDFC Ltd and IDFC Financial Holdings approved the sale of IDFC Mutual Fund business, the eligible bidders have boiled down to two players in India. The final bidders are a Bandhan Bank led consortium and another co

It looks like finally there is a truce between the Essel Group, that promoted Zee Entertainment, and Invesco Fund, the largest shareholder in Zee. Incidentally, Invesco Developing Markets Fund owns 18% in Zee Entertainment and had been vehemently see

In a recent report on India’s oil marketing companies (OMCs), Moody’s Investors Services has highlighted that between IOC, BPCL and HPCL the losses are staggering. Moody’s estimates that these OMCs would have incurred losses of Rs.19,000 crore

The reluctance of banks to lend to industry is, by now, well known. A recent report by BOFA Global Research has underlined the fact that Indian industrial companies are increasingly relying on other sources for funding their balance sheet and less on

In the business of government, things can change pretty fast. Just about a few months back, India had been talking aggressively about catalysing international listing of Indian companies. This included allowing Indian companies to list abroad thro

The last time that India had met its merchandise export target was in 2014. For FY22, Piyush Goyal had set an aggressive target of $400 billion. That target has been just about achieved and India could close FY22 with merchandise exports of $415 bill

In what could be music to the ears of the stock broking industry, a recent report by ICRA expects the revenues of the broking industry to grow by 32% in FY22 on the back of frenetic growth in number of accounts and average daily turnover. ICRA exp

For the stocks of Equitas Holdings and Equitas Small Finance Bank (SFB), the big trigger was always going to be the reverse merger of Equitas Holdings into Equitas SFB. Accordingly, there was a sense of excitement in the markets on Tuesday 22nd March

On Tuesday, 22nd March, Fitch Ratings reduced India’s GDP growth estimates for FY23 by a total of 180 basis points from 10.3% previously to 8.5%. Fitch expects the rapid rise in inflation, driven by crude prices, to be a major headwind for India in

Nitin Gadkari, the Union Minister of Road Transport and Highways, has been in the news for the rapid aggression with which he executed road and highway projects across India. In fact, the average length of highways laid during any average day was

Zomato Instant, the grand plan of the CEO Deepinder Goyal to delivery food in 10 minutes, was always going to be tough. But what Deepinder did not bargain for was the huge social media controversy it created. If you go by the memes and trolls that

As of the penultimate day of the TCS buyback program on 22nd March, the TCS buyback had already been subscribed around 5.5 times. The Rs.18,000 crore buyback had opened on 09th March and will close on 23rd March. However, as of the close of 22nd M