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.

Reliance Retail has recently announced its long-term partnership with the American iconic fashion brand Gap and plans to bring back the brand to India. “Through a long-term franchise agreement, Reliance Retail has become the official retailer...

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