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.

After Reliance Retail scrapped its plans to buy assets of Big Bazaar parent Future Retail (FRL) for £2.47 billion, in a big blow to US e-tailer Amazon, India’s National Company Law Tribunal (NCLT) has now allowed the initiation of insolvency...

Reliance Industries (RIL) reported a 41% rise in quarterly profit, helped by higher price realisations from its oil-to-chemicals (O2C), digital services...

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