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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).

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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.

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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.

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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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