BhumaShrivastava
Stories by BhumaShrivastava
Ambani edges out Li Ka-shing as Asia’s second richest as debt fuels Reliance growth
The Reliance Industries chairman has added $12.1 billion to his wealth this year.
Anil Ambani goes on asset sale spree as lenders ramp up pressure
Ambani aims to raise over $4.5 billion this year to reduce group debt.
India: Ajay Piramal mulls IPOs for two units to boost market value of group
Piramal, 61, who sold his branded generic drugs unit to Abbott Laboratories for $3.8 billion in 2010, seeks to boost market value of the group by reva
India: Aditya Birla Group may sell 5% stake in finance unit ahead of listing
The group is seeking to raise at least $200 million through the stake sale. The conglomerate will consider selling around a 5 per cent stake in the un
India: Temasek-backed feed-maker Godrej Agrovet weighs IPO
Billionaire Adi Godrej is considering an initial public offering of his group’s animal-feed unit, the largest producer in India.
India: L&T said to pick banks for $150m listing of subsidiary
L&T has picked advisers to prepare an initial public offering of about $150 million for its subsidiary L&T Technology Services Ltd..
Temasek unit buys Tata Communications 17 data centers for $634m
Singapore Technologies Telemedia Pte. is buying the majority stake in 14 data centers in India and three Singapore facilities while Tata Communication
India: Alibaba-backed Paytm says it has enough funds to last five years
Many Indian startups are running out of cash, while others including Flipkart Online Services Pvt., India’s biggest e-commerce company, have had the
