The company, backed by SoftBank Vision Fund and Carlyle Group Inc, is looking to raise nearly $1 billion through a planned initial public offering (IPO) by the end of the current financial year.

Cryptocurrency is increasingly gaining in prominence as a payment method among a small yet growing set of businesses in the formal and informal economy in India.

The deal values the new-age logistics services provider at around $4 billion.

The RBI is expected to follow a divergent strategy when it comes to interest rates, which are at a historic low and dealing with the Rs 10 lakh crore of surplus liquidity sloshing in the banking system.

An internal study by the central bank has revealed that borrower delinquency reduced after the RBI’s February 12, 2018 circular requiring banks to initiate insolvency within six months of default but deteriorated after the circular was struck down by the Supreme Court in April

Vedanta group chairman Anil Agarwal says his companies are looking to invest around $20 billion in India, including in the privatisation of BPCL, Shipping Corporation and Hindustan Copper.

Shares in Evergrande have plunged 80% so far this year, while its property services unit has dropped 43% as the group scrambles to raise funds to pay its many lenders and suppliers.

Reliance Industries has incorporated a new subsidiary in the UAE for trading in crude oil, petroleum products and agricultural commodities.

Analysis of corporate borrowers by rating agencies showed that downgrades far exceeded upgrades in the first half of the current fiscal year, which is in stark contrast to the trend witnessed in the past two years.

In this edition of Tweet Buster, we scan the social media feed to help you navigate market uncertainty.