Bhuma Shrivastava

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 of India may forgo some of its dues.


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.


Tycoon Mistry battles to unlock $17b of his wealth in India

Mistry, who derives an estimated $16.7 billion of his fortune from his 18.4% equity in Tata Sons, can no longer sell those holdings without the approval of a board his family has been fighting for two years.


Mukesh Ambani overtakes Jack Ma as Asia’s richest person

Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd.


Reliance Industries looks to raise additional $3b as $13b debt matures

Its latest plan extends a strategy of raising cheaper debt, riding on its better-than-sovereign ratings, while also actively investing about $12 billion in reserves to generate returns.


Bharti Airtel plans Africa unit IPO in bid to pare $4.6b debt

India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa.