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Oaktree Cap emerges highest bidder for Dewan Housing Premium Dewan Housing’s outstanding loan book stands at ₹67,000 crore, which includes wholesale loans worth ₹40,000 crore, retail loans worth ₹17,000 crore and delinquent loans worth ₹10,000 crore. 2 min read Share Via Read Full Story Global alternative asset investor Oaktree Capital Management has emerged as the highest bidder for bankrupt Dewan Housing Finance Corp. Ltd (DHFL), beating Adani Enterprises Ltd and Piramal Group, two people aware of the matter said. TRENDING STORIESSee All 1 min read Premium 1 min read Premium ...

Can Biden find clarity on China and Russia? Premium Walter Russell Mead Share Via Read Full Story Critics are already attacking the incoming Biden administration, raking it for sending mixed signals on China. The Biden Team is playing a sort of good cop, bad cop with Beijing—Jake Sullivan urges Americans to support Australia against Chinese pressure as John Kerry muses about grand climate deals with Beijing. But a mixed-signal strategy at this stage is, if anything, beneficial to Team Biden. It’s the new administration’s potential for later fuzzy thinking when it comes to great power ri...

India records lowest new covid cases in 5 months, recovery rate rises above 95% Premium A health worker (L) checks the body temperature of a train passenger during a Covid-19 coronavirus screening at a railway terminus in Mumbai. (AFP) Share Via Read Full Story India reported 22,065 new coronavirus infections, taking its total to 9.9 million, data from the health ministry showed on Tuesday, making it the lowest daily rise since July 4. With 354 new deaths reported in the last 24 hours, the toll mounted to 1,43,709. TRENDING STORIESSee All 1 min read Premium 1 min read Premium 1 min read ...

Sputnik V is 91.4% effective in trial A view shows boxes containing vials with Gam-COVID-Vac, also known as Sputnik-V, vaccine against the coronavirus disease (COVID-19) at a production facility of BIOCAD biotechnology company in Saint Petersburg, Russia. (REUTERS)Premium The efficacy rate of the vaccine was determined when 78 covid-19 cases were reported across the vaccine and placebo arms of the trial, and was the same as the rate calculated in the second interim analysis after 39 cases were reported Share Via Read Full Story The third interim data on Sputnik V vaccine’s phase 3 trial in...

Fresh stimulus needed to support growth: India Inc Premium 2 min read Share Via Read Full Story The government should kick-start economic recovery and growth by boosting private investment and creating jobs, while prioritizing expenditure on healthcare and infrastructure, top industrialists said on Monday, ahead of the presentation of Union Budget 2021-22. Industrialists called for a fresh round of fiscal stimulus to support economic growth, in a first ever virtual pre-budget consultation with Union finance minister Nirmala Sitharaman and top officials of the finance ministry. TRENDING STORIE...