All the headlines from our India Topic Page, ordered by recency.
Mar 17 2023 // Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc. at a pre-money valuation of $12 billion.PhonePe, already India’s most valuable payments firm and among...
Mar 1 2023 // Taiwanese Apple Inc. supplier Foxlink said on Wednesday it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables, sending its stock...
Feb 13 2023 // Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter.The lender is working with an adviser on the...
Jan 31 2023 // Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after India’s market regulator raised certain compliance issues with employee stock plans in...
Oct 24 2022 // Reliance Industries Ltd., will create a financial services unit to feed its consumer businesses that are contributing an increasing share of profits to the retail-to-refining conglomerate.It will also restructure the...
Sep 30 2022 // India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on...
Sep 16 2022 // Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, an area then on the eastern edge of the Indian metropolis of Bengaluru, where his cousins would join him catching...
Sep 15 2022 // MUMBAI – A fire that started at an electric scooter showroom in India killed at least eight people and injured 11, police said on Tuesday, in what is the deadliest such incident involving electric vehicles in the...
Jun 23 2022 // India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers...
Jun 21 2022 // DHAKA/GUWAHATI, India – Floodwaters inundated more of Bangladesh and northeast India on Tuesday, officials said, as authorities struggled to reach more than 9.5 million people stranded with little food and drinking water...
Jun 20 2022 // DHAKA, Bangladesh (AP) – Army troops were called in to rescue thousands of people stranded by massive floods that have ravaged northeastern India and Bangladesh, leaving millions of homes underwater and severing...
Jun 14 2022 // An eye-popping $17 billion wipeout in market value has made Life Insurance Corp. of India one of the biggest wealth destroyers among Asia’s initial public offerings this year.Having plunged 29% since its May 17...
May 26 2022 // Howden, the international insurance broker, announced it has obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its shareholding in Howden India from 49% to 100%.The move...
May 25 2022 // India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three...
May 17 2022 // Shares in Life Insurance Corp. of India (LIC) slid 6% in their market debut on Tuesday, a fresh setback for the state-owned giant after its IPO, while record-breaking, raised far less for the government than initially...
May 13 2022 // India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday.The state-owned insurance behemoth...
May 9 2022 // Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.With just hours to go until the end of the...
May 5 2022 // The record $2.7 billion initial public offering (IPO) by India’s Life Insurance Corp. (LIC) was oversubscribed on Thursday, helped by attractive pricing, making way for gains over the listing price later this...
Apr 28 2022 // India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia’s Far East, in a growing sign that complex trades involving one of Moscow’s biggest...
Apr 27 2022 // India slashed the size of its biggest initial public offering by about 60%, pressing ahead with the sale even as the war in Ukraine continues to weigh on investor demand.Prime Minister Narendra Modi’s government will...