Business
India to spend 100 billion rupees to make biopharma production hub
The funding will be directed towards the research and production of biologics and biosimilar medicines India will invest 100 billion…
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rupees
Business
CapitaLand India Trust to divest 20.2% stakes in three data centre assets for seven billion rupees
CapitaLand India Trust (Clint) has entered into definitive agreements to divest 20.2 per cent of its stakes in three data centre assets…
Business
India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee India’s central bank…
Business
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil…
Business
India is set to triple rare earth magnets plan to 70 billion rupees
Several overseas suppliers have expressed interest in providing rare earth materials to the South Asian nation India plans to almost…
Business
Lenskart starts taking orders for 72.8 billion rupees India IPO
Lenskart Solutions began taking public orders for an initial public offering (IPO) that could raise as much as 72.8 billion rupees (S$1.1…
Business
Ford to invest 32.5 billion rupees in India defying Trump’s local push
More recently, other US companies have been building up their manufacturing presence in India, despite the political tension Ford Motor…
Unsorted
Air India seeks 100 billion rupees lifeline from SIA and Tata, Bloomberg News reports
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Unsorted
Air India seeks 100 billion rupees lifeline from SIA and Tata: report
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Business
CapitaLand India Trust Q3 total property income up 10% at 5.1 billion rupees
This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says…
Business
SoftBank-backed Lenskart IPO to raise as much as 72.8 billion rupees
The eyewear retailer is the latest big name to go public in the country, coming on the heels of two billion-dollar IPOs this month Eyewear…
Business
Tata Capital begins taking orders for 155 billion rupees IPO, India’s largest this year
Tata Capital started taking orders on Monday (Oct 6) for an initial public offering that may raise as much as 155 billion rupees (S$2.3…
Business
CapitaLand India Trust unit to divest two assets in Chennai, Hyderabad for 11 billion rupees
The total enterprise value of the sale is about 3 per cent higher than the aggregate of the independent valuations The trustee-manager of…
Business
OpenAI rolls out cheapest ChatGPT plan at 399 rupees in India to chase growth
GPT maker OpenAI on Tuesday launched ChatGPT Go, a new India-only subscription plan priced at 399 rupees (S$5.90) per month, its most…
Business
Temasek-backed Indian eyewear retailer Lenskart files for IPO, to raise 21.5 billion rupees in fresh issue
India’s biggest eyewear retailer Lenskart has filed for an initial public offering, which includes the issue of fresh shares worth 21.5…
Business
India bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Bank frauds in India jumped threefold last year, with…
Business
Malaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare…
Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence…