Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp.
India expects to achieve a renewable energy capacity target of 260 gigawatt (GW) by 2024, a government official said on Friday, as the country sees rapid growth in renewable capacity backed by government orders, private equity and pension fund investments.
SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI).
A Reserve Bank of India (RBI) panel formulating guidelines for transfer of the central bank's surplus funds to the government has finalized its recommendations and will be submitting its long-delayed report "very soon," a source familiar with the matter said on Wednesday.
Indian hotel startup Oyo said on Tuesday it has bought local co-working venture Innov8, as the SoftBank-backed hospitality chain looks to venture into the commercial real estate business under the brand name Oyo Workspaces.
Lenders to India's Dewan Housing Finance Ltd (DHFL) are prepared to accept limited haircuts as part of a debt restructuring plan being worked out for the troubled firm, said sources involved in talks.
Foreign investors stepped up their purchases in Asian bonds in June as a thaw in long-running Sino-U.S trade dispute and falling global interest rates bolstered the appetite for regional bonds. Last month, foreigners bought a net $12.36 billion of Asian bonds - their biggest net purchase in at least six years - data from regional banks and bond market associations in Malaysia, Thailand, Indonesia, South Korea and India showed.
Indian shares headed higher on Monday, led by Infosys Ltd after the country's no.2 software services firm reported a strong quarter and raised its revenue forecast.
London's transport regulator has permitted Indian ride-hailing company Ola to launch its service in the city, the company said on Thursday.
A unit of L&T Finance Holdings Ltd will raise $550 million in an investment round led by World Bank Group member International Finance Corporation (IFC), the financial holding company said on Thursday.
More than 300 people died in the Kashmir region claimed by India and Pakistan in the first half of the year, according to previously unreported data - one of the deadliest periods in the disputed territory's recent history.