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Global firms line up for buying Power Finance Corp's stressed assets

Close to a dozen Indian and foreign financial institutions and funds have expressed an interest in buying the stressed thermal power assets of Power Finance Corp (PFC).


Anil Ambani's Reliance Group raises Rs 14 bn by listing Codemasters on AIM

Anil Ambani-led Reliance Group has raised Rs 14 billion by listing its gaming unit Codemasters on London Stock Exchange’s AIM, a fund raising avenue for small-sized companies.


Fortis weighs offers from Manipal, IHH Healthcare in new bidding round

Fortis Healthcare Ltd said on Friday its board would look at a new round of bids from four local and international parties, after shareholders opposed a previous board decision last month to accept an offer from a consortium.


India’s forex reserves bleed amid market sell-off

India’s foreign exchange reserves fell for the sixth straight week to its lowest since January as the central bank likely stepped up intervention to curb a drop in the rupee.


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