Indian asset managers’ shares plunged as much as 8% after the markets regulator proposed significantly lowering brokerage fee caps. Analysts warn of a potential 30-33% hit to pre-tax profits for some firms, as reduced fees will impact expense ratios and…
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India’s gold reserves are increasingly being stored within the country as the Reserve Bank of India (RBI) continues to shift its holdings back home.
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British International Investment is injecting $75 million into Blueleaf Energy. This funding will boost clean energy projects in India. The investment supports solar, wind, and energy storage. It aims to generate over 3.2 gigawatt-hours of clean energy annually. This move…
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Shapoorji Pallonji Group plans to raise $2.5 billion next year to retire high-cost debt. The infrastructure conglomerate is contacting existing investors to gauge their repayment preferences, aiming to refinance $1.7 billion of existing debt. This move is part of a…
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In a decisive move, Kirin Holdings, the principal stakeholder of Bira 91, along with its financial partner Anicut Capital, have taken charge of The Beer Cafe, a subsidiary of Bira 91. This takeover comes amidst the brewery’s ongoing struggles with…
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Adani Green Q2 Results: Adani Green more than doubled its profit year-on-year in the second quarter to Rs 583 crore. The bottomline rose 111% from Rs 276 crore posted in the last year quarter. Total income during the quarter, however,…
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