Walmart's $16 bn Flipkart buy is the biggest deal this year

Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company US retailer Walmart's buying 77 per cent stake in Flipkart for $16 billion is the biggest acquisition......

Markets consolidate ahead of Brexit vote

The government on Monday announced a slew of reforms relating to foreign direct investment and easier terms for investors in sectors ranging from civil aviation to pharmaceuticals.   Markets......

RJio ties up with lenders for $1.5 billion loan

Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans. Mukesh Ambani-led......

Cheap loans scarce, firms rush for foreign bonds

As securing cheap term loans from banks has become difficult amid tightening regulations, Indian companies are turning aggressive in foreign bond markets. Traditionally, the foreign fund-raising......