Paytm’s crash is world’s worst for big IPOs in a decade

One 97 Communications, the operator of digital payments provider Paytm, has capped the worst first-year share plunge among large IPOs over the past decade and the pain is worsening.

Adani looks to raise $5bn from wealth funds

Billionaire Gautam Adani is courting sovereign wealth funds to raise roughly $5 billion in equity across his sprawling business empire and reduce leverage, people familiar with the matter said.

Indian markets march to newer heights remains unabated despite weak global cues. S&P BSE Sensex and Nifty opened cautiously and momentum picked up as the session progressed. Sensex was trading at 62,864.29, up 359.49 points or 0.58 per cent...

Shareholders of HDFC have approved the merger of the housing finance company with its banking arm in an extraordinary general meeting (EGM). Over 99.9% of the votes were polled in favour of the merger. Addressing shareholders in the EGM, HDFC...

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