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LIC denies Washington Post report on $3.9 bn Adani link, reaffirms all investments are made with integrityLife Insurance Corporation of India (LIC) on Saturday rejected The Washington Post report alleging that Indian officials drafted a May prop...- Nirmala Sitharaman on GST rationalisation, popcorn controversy, BJP’s freebie trap & moreFinance Minister Nirmala Sitharaman discusses GST rate rationalisation, aiming to simplify rates for essential goods. She plans to reduce t...
- Vindicates demand for JPC probe: Congress on charges against Adani in USGautam Adani, Chairman of the Adani Group, has been charged with bribery and fraud by a US court. The charges relate to a scheme to obtain ...
- Turnout's turning out all rightOut of the 17 Lok Sabha elections starting from 1951, voter turnout exceeded 60% on only seven occasions. The threshold of 65% was reached ...
- China or India? How to invest in the coming Asia BoomWhile it’s not necessarily a binary choice, investors are increasingly comparing the two giant Asian markets as they decide where to place ...
- Tencent denies report it will sell down Didi, Meituan stakesTencent Chief Strategy Officer James Mitchell said last month that a Reuters report it intends to sell all or much of its stake in food del...
- Legendary China bets unwind as Warren Buffett, SoftBank, Naspers sellBig-name investors who’ve made billions from Tencent Holdings, Alibaba Group Holding, and BYD Co., are taking money off the table.
- Asia hedge funds scoop up Alibaba, Sea after stock routThe number of Alibaba shares held by the Asia-focused funds increased 311% during the period, while that of Sea jumped by 110%.
- China stocks post worst week in six, yuan slides, as Shanghai extends lockdownThe CSI300 index ended the day 0.44% higher at 4,013.25 points, after slumping as much as 1.1% earlier, while the Shanghai Composite Index ...
- Carlyle, others to part-sell Delhivery stakes; govt issues FAQs on IT rulesPrivate equity major Carlyle is among the investors in new-age logistics firm Delhivery that will sell portions of their stakes in the comp...
- SoftBank Vision Fund sells $2 billion of DoorDash sharesSoftBank Group CEO Masayoshi Son has tapped his shareholdings in DoorDash Inc. for the third time in just six months, selling $2 billion wo...
- SoftBank is cutting more deals with fewer staff than everThe total headcount at SoftBank Investment Advisers, which oversees both Vision Funds, has shrunk from about 500 people early last year, to...
- TikTok parent, ByteDance, hits $3 billion in net profit last yearByteDance, led by Zhang Yiming, is becoming a viable rival to the dominant American online behemoths, Facebook Inc. and Alphabet Inc. Faceb...
- TikTok-maker is launching Google-like work tools during coronavirus outbreakBy focusing on the local China market first and targeting individual users, ByteDance will try to capture the latent demand in the country ...
- ByteDance, the world’s most valuable startup, weighs selling TikTokA TikTok stake sale would likely push back any initial public offering for ByteDance. The company has considered an IPO in the US or Hong K...
- Stocks in the news: Lakshmi Vilas Bank, DHFL, CG Power, GRUH Finance and Indiabulls Real EstateA board meeting of CG Power to decide on the continuity of KN Neelkant as CEO could turn out to be tense.
- Modi used 'threatening' language in Karnataka: Congress tells President"The president may caution the prime minister from using such unwarranted, threatening and intimidating language against leaders of the Con...
- It’s easy for the super rich to mint a new billionaire. Just ask MaMin Luo, founder and chief executive officer of Qudian Inc., will be worth at least $1.2 billion.
- Cairn-Vedanta deal: Govt must be conscious of legal hiccupsIndia Inc’s approach towards entry and exits of foreign investments may invite investor protection claims. Cairn-Vedanta fiasco may turn in...
- Coal India IPO: Will such issues help spread financial inclusion?The Coal India IPO will encourage stock investing in regions and households so far alien to equity culture.
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