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.

India's Life Insurance Corporation (LIC) has reported a net profit of £68.3 million for the quarter ended June 2022 compared to £260,000 in the corresponding quarter of the previous year. However, it is to be noted that the numbers are not comparable...

Morgan Stanley economists have predicted that India could emerge as Asia's strongest economy in 2022-2023 as it is best-positioned to generate robust domestic demand, helped by economic policy reforms, a young workforce and business investments.

India’s exports dipped for the first time since February 2021 as some of the checks imposed by the government to increase domestic supply took a toll on shipments out of the country. This pushed up the trade deficit to a new record of $31 billion...

SpiceJet promoter Ajay Singh is now in talks with multiple players - including a Middle Eastern carrier and a big Indian conglomerate - for stake sale to raise funds for the struggling-to-survive budget airline, which urgently requires re-capitalisation...



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