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Cyclone Ditwah kills 46 in Sri Lanka, leaves 23 missing as rescue efforts continueCyclone Ditwah has devastated Sri Lanka, claiming 46 lives and leaving 23 missing. Torrential rains triggered deadly landslides, particular...- Adani Ports shares up 2.7% on $553 million funding announcement by US DFC for Colombo portThe consortium will develop CWIT on a build, operate and transfer (BOT) basis for a period of 35 years and after the development of this te...
- Sri Lanka stock market closes early for second day as shares tumbleAfter two trading halts earlier in the session, the Colombo Stock Exchange said the market will be closed for the rest of the day following...
- Sri Lanka stock exchange to halt for five days from April 18The board of directors of the stock exchange, along with other stakeholders, had sought a temporary closure of the market, the Securities a...
- Sri Lanka's president seeks unity government to solve economic crisisThe debt-laden country is struggling to pay for imports of fuel and other goods due to a foreign exchange crisis, leading to hours-long pow...
- Sri Lanka imposes curfew after protests over economic crisis turn violentHundreds of protesters gathered near President Gotabaya Rajapaksa's private residence in a Colombo suburb late on Thursday and were broken ...
- Sri Lanka's stock market halts trading, restricts trading hours due to power cutsThe island nation of 22 million is facing its worst economic crisis in decades, with severely depleted foreign exchange reserves stalling t...
- Sri Lanka suffers long power cuts as currency shortage makes fuel scarceForeign exchange reserves have fallen by 70% in the past two years and were down to a paltry $2.31 billion as of February, leaving Sri Lank...
- Colombo bourse halts trading twice as shares plunge over 7% amid economic woesThe CSE All-Share index declined for a third straight session, falling 6.8% to 8,900 points by 0713 GMT. The index has fallen 26% so far th...
- Muthoot Finance picks up 30 per cent stake in Sri Lankan NBFC for $2.1 millionThrough the investment, Muthoot will help the Lankan firm operationalise loan against gold ornaments business in the island nation,
- Reseda-The Fern, Chennai five-star hotel sold for Rs 150 croreColombo-based hotel chain Aitken Spence Hotels bought Reseda-The Fern, a five-star hotel in Chennai,for Rs 150 cr from the Rayala Group.
- India Infoline completes sale of 76% stake in Sri Lankan unitIIFL's decision to exit Sri Lankan operations was taken due to its plans to rationalise its relatively smaller international operations.
- Sri Lanka invites Indian investmentSri Lanka today invited Indian business community to look at investment opportunities in its sectors such as ports, tourism and financial s...
- Fortis buys 29% stake in Lanka Hospitals CorpThe private healthcare firm of billionaire brothers Malvinder and Shivinder Singh, Fortis Global Healthcare, has acquired a 28.6% stake in ...
- SpiceJet Q3 Net down over 13 pc on high fuel costsOperating expenses of the airline was Rs 619.23 cr during the quarter, registering an increase of 34.58%, as against Rs 460.11 cr for the s...
- IIFL gets approval from Singapore Exchange for securities tradingIIFL (India Infoline Ltd) on Wednesday announced that its Singapore-based subsidiary, IIFL Securities Pte Ltd, has received approval for se...
- GE Shipping orders two new vesselsGE Shipping says it has placed an order with Colombo Dockyard Ltd for two anchor handling tug cum supply vessels.
- IOC hikes fuel prices in LankaThe Sri Lankan subsidiary of Indian Oil Corporation has raised fuel prices by 7 percent to keep pace with soaring global oil prices.
- Hotel Leela considers setting up subsidiary coHotel Leelaventure Ltd on Friday said the board of directors will consider setting up of a subsidiary company or overseas direct investment...
- Apollo not to sell stake in Sri Lankan ventureApollo Hospitals Group on Wednesday said it has decided not to sell its holdings for the time being in the Sri Lankan joint venture, which ...
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