BhumaShrivastava
Stories by BhumaShrivastava
Fosun buys Chinese baijiu liquor maker for $694m in local pivot
This is the second such investment in 2020 by Fosun after it bought a stake in another baijiu maker in July.
Mukesh Ambani elbows his way into Indian retail with big festival discounts
Reliance Retail has secured over $6b recently from the likes of KKR and Silver Lake.
Indian drugmaker Sun Pharma ordered to undergo a forensic audit
SEBI has asked for a forensic audit of the company’s financial statements for three fiscal years to March 2018.
Indian tycoon Anil Ambani plans $3.2b asset sales to reduce debt pile
Anil Ambani is waging a war on debt. Reliance Group repaid Rs 350 billion in the past 14 months through asset disposals. But a large pile remains.
Shapoorji Pallonji Group plans $1b share offer amid rare sales
The group will sell as much as 30 per cent in the solar engineering arm of Sterling & Wilson Pvt.
PM Modi said to seek Tata Group help in rescuing Jet Airways
Tata Sons is in talks with the government about a potential haircut to state-run banks on Jet’s loans as part of the plan, while Airports Authority
Playing catch-up, Asia’s financial hubs seek greater diversity in boardrooms
Women made up 14.7% of board membership at Singapore’s top 100 listed companies and 13.8% for the 50 members of Hong Kong’s Hang Seng Index.
Indian billionaire Anil Ambani in negotiations to shed control of RCom
The company helmed by billionaire Anil Ambani is negotiating with two investors who are conducting due diligence.
India: Aditya Birla, Varde to set up $1b JV to buy stressed assets
The US investment firm and the Indian financial services provider are expected to deploy this sum over three years
India: RCom closes $429m fiber sale to Jio as deadline looms
The deal is part of a broader pact to sell most of its wireless assets to Reliance Jio.
