Krishna V Kurup

Grounded Jet Airways' shares sink, rivals rush to grab market share

18 Apr 2019

MUMBAI/BENGALURU Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival's demise. | Video

Indian telco Vodafone Idea's $3.6 billion rights issue to cause massive dilution

20 Mar 2019

Vodafone Idea Ltd, India's largest telecommunications company by subscribers, is selling $3.6 billion worth of shares in a rights issue at a discount of about 60 percent, which will more than triple its outstanding shares.

Brotherly love at Reliance? India's Mukesh Ambani provides 'support' to brother Anil as debt paid off

19 Mar 2019

MUMBAI The Ambani brothers, whose public feud over control of the Reliance empire after their father's death in 2002 led to a split in the conglomerate, may have taken a major step to a more harmonious relationship on Monday.

Singtel injects $525 million in Airtel as competition mounts in India

07 Mar 2019

SINGAPORE/BANGALORE Singapore Telecommunications Ltd (Singtel) said it will buy roughly $525 million worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise $4.6 billion through shares and bonds.

Indian, Pakistan markets rattled as Kashmir tensions rise

27 Feb 2019

Indian and Pakistan shares fell on Wednesday as tensions between the two countries intensified with Islamabad saying it had shot down two Indian jets a day after Delhi said its warplanes had struck inside Pakistan.

UPDATE 1-Indian markets slump after air strike on militant camps in Pakistan

26 Feb 2019

* Rupee weakens, bond yields rise (Adds analyst comments, shares)

Sensex, Nifty largely flat; Kotak Mahindra drags

22 Feb 2019

The Sensex and the Nifty were subdued on Friday amid declines in broader Asia triggered by a worsening global growth outlook, while Kotak Mahindra Bank Ltd sank to a three-week low after reports of a stake sale by ING Group.

RCom looks to real estate assets, Jio deal to pay Ericsson dues

21 Feb 2019

Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's Ericsson following a court ruling this week, a source familiar with the matter said.

Nifty, Sensex muted as heavyweights drag; state-run banks rise

21 Feb 2019

Indian share indexes were steady on Thursday, bucking a broader Asian rally, as a drop in IT heavyweights such as Infosys Ltd countered gains from financial stocks such as ICICI Bank Ltd.

A year after India's biggest bank fraud, PNB on road for annual profit

18 Feb 2019

One year after being hit by a $2 billion scam, Punjab National Bank (PNB) is set to return to annual profits and strong loan growth in fiscal 2020 even as investigations continue into the country's biggest banking fraud.

World News