India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, Reuters reported quoting analysts. The Reserve Bank of India, which acts as regulator for the financial industry, wants…
China’s unprecedented crackdown on its technology industry has turned Tencent Holdings Ltd. from a market darling into the world’s biggest stock loser this month. The Chinese Internet giant had tumbled 23% in July as of Wednesday, set for its worst month ever after erasing about $170 billion of market…
Digital payments firm Paytm is seeking shareholder approval to sell up to ₹ 12,000 crore in new stock in what could be the South Asian country’s biggest-ever initial public offering at a total of $3 billion. Paytm, which counts China’s Alibaba and Japan’s SoftBank as backers, will…