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 rupees (S$1.4 billion) in biopharmaceutical…
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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 announced fresh measures aimed at boosting banking…
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 Ambani as part of a bank fraud probe. Anil, the…
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 billion) as India’s market for new listings heats…
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 plans to invest about 32.5 billion rupees (S$477…
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 rupees (S$1.5 billion) in financial support from…
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 rupees (S$1.5 billion) in financial support from…
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 manager CapitaLand India Trust (Clint) posted a…
CapitaLand India Trust Q3 total property income up 18% at 5.1 billion rupees
This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says manager CapitaLand India Trust (Clint) posted a…
SoftBank-backed Lenskart IPO to raise as much as 72.8 billion rupees
The local market for new listings is on track for a record month and possibly have its best year ever in 2025 Eyewear retailer Lenskart Solutions said that its upcoming initial public…
Tata Capital begins taking orders for 155 billion rupees IPO, India’s largest this year
The shadow lender’s shares are being sold at 310 rupees to 326 rupees apiece until Wednesday, valuing the company at as high as 1.4 trillion rupees. Tata Capital started taking orders on…
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 CapitaLand India Trust (Clint) on Thursday (Sep…
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 affordable offering yet, as the company…
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 loans contributing to bulk of the cases,…
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 said on Tuesday (May 20) its unit…
India’s largest bank plans to raise 250 billion rupees in share sale
State Bank of India, or SBI, plans to raise 250 billion rupees (S$3.8 billion) through new shares and this fiscal year, marking the first equity raising by the state lender in seven years.…
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 rupees (S$1.2 billion) from Warburg…