ABU DHABI INVESTMENT COUNCIL
Total, RIL unlikely to bid for BPCL; BP wants to see whats on offer
The government is looking at selling its 53.29 per cent stake in BPCL to a strategic investor in the biggest privatisation bid in the history of India.
SoftBank Vision Fund planning writedown of over $5 billion
The writedown is being driven by the Vision Fund’s holdings in ride-hailing giant ...
Brave New World: Oil holds ground despite recovery by Saudis; US GDP growth may flatline in 2020
Geopolitical risks keep oil prices elevated ...
Goldman Sachs's 1MDB scandal deepens with Abu Dhabi funds’ lawsuit
The Abu Dhabi funds are seeking unspecified damaged in their complaint, which was filed in state court in New York.
PSP Investments ties up with ADIA & NIIF to invest in GVK Airport Holdings Ltd
The deal will ringfence the biz from Adani’s possible bid to take over Mumbai International Airport.
Etihad says not feasible to reinvest in Jet; cites unresolved issues concerning liabilities
Etihad, the national carrier of the UAE picked up 24 per cent stake in Jet Airways in 2013.
Sterling & Wilson Solar successfully closes its IPO
Overall, the issue was subscribed 92 per cent, including anchor investors.
Rescue plan: Altico may offer to sell its assets
Altico’s asset sales could immediately fetch at least Rs 2,000 crore, market sources said.
Altico Capital submits resolution plan for full repayment over five years
Altico has proposed to repay their dues in full in a staggered manner over the next five years.
Abu Dhabi oil company hires India's strategic oil storage
ADNOC had in February this year signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore. On Monday it signed a similar pact for Padur.
Cholamandalam Investment raises $222 million from IFC
The investment also diversifies CIFCL's funding sources.
Institutions invest $3.5 billion in Indian realty this year
Positive sentiment after first REIT listing helps boost investments.
Adani partners UAE's Adnoc, Germany's BASF for $4 billion chemical venture
The total investment for establishment of the chemical complex in Gujarat's Mundra is estimated to be up to $4 billion (about Rs 28,400 crore), the companies said in a statement, but did not state which firm will hold how much stake.
Smaller, cheaper flats to revive housing demand: HDFC chairman Deepak Parekh
Even among end users, the demand is in the affordable segment where builders get tax exemption and buyers get a credit-linked subsidy from the government.
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrows
The Vision Fund put $250 million into Oyo in 2017 and led a $1 billion funding round last year, which pushed the Indian company’s valuation to $5 billion. Son encouraged Agarwal to expand into markets such as China and the U.S. and to buy properties, including the Hooters Casino in Las Vegas for $135 million.
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