India is marking the 10th anniversary of the 2008 global financial crisis with its own mini-Lehman moment. True to script, ratings companies have belatedly realised that the IL&FS Group — Infrastructure Leasing & Financial Services Ltd. and its associates — is woefully short of liquidity, with about $500 million in repayments coming due in the second half of its fiscal ...

It’s rare to see a deal suffering a price cut after it’s been signed – even rarer when there’s a big equity fundraising on the side. Last week, private equity firm Advent International Plc agreed a maximum 17 percent snip to the price of Mondo Minerals BV, the Dutch talc producer it agreed to sell to British chemicals group Elementis ...

Could China’s oil and gas industry be on the brink of a revolution? That’s one interpretation of the government’s shakeup of regulations on petroleum production this month. The introduction of drill-it-or-lose-it rules and a possible extension of subsidies for unconventional gas output could end up dismembering sprawling industry leader PetroChina Co. and creating a new sector of independent upstream producers ...