Ranjani Raghavan

Prudential Financial Inc.’s investment management arm is considering selling its loss-making asset management unit in India a decade after acquiring the business from Deutsche Bank AG, according to people familiar with the matter.

Hours after the startling resignation of HDFC Bank Ltd.’s chairman, executives at India’s largest private lender hastily arranged a call to assure investors that all was well. Though the stock had tumbled the most in almost two years, management insisted there was nothing material in Atanu Chakraborty’s abrupt departure over “ethics.”

The US investment giant is venturing into new cities and unconventional assets to sustain its edge over foreign rivals.

Buyout firms sitting on billions of dollars of legacy assets in India got some relief this week, when the country’s finance ministry said it won’t apply anti-tax avoidance laws to investments made before April 1, 2017.

As global businesses pour into India’s financial capital, millions of low-income residents face redevelopment deals that will determine whether they can stay.

Foreign banks expand rapidly while millions of residents negotiate redevelopment deals that could reshape wealth, housing access and urban inequality.

It was an unusual Sunday for 30-year-old Jake Yi, who stood with his team in the middle of a Mumbai trading floor as the screens flashed red.

Franklin Templeton is betting that Indian investors’ rising interest in fixed income will power the next leg of its growth in the country, where it is regaining ground after a credit crunch six years ago.

Billionaire Izzy Englander’s Millennium Management is looking to establish an onshore investment-management business in India, deepening its presence in one of the world’s fastest-growing financial markets.

Citadel Securities LLC, the market-making firm founded by billionaire Ken Griffin, is hiring more engineers and traders in India, as it seeks to expand in one of the world’s fastest-growing financial markets.