India-US trade deal stalled after Modi did not call Trump, says US commerce secretary
India's trade pact with the United States was delayed because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump to close a deal they were negotiating, Commerce Secretary Howard Lutnick said on Friday. The trade talks fell apart last year and Trump doubled tariffs on Indian ......
Shapoorji Pallonji Group unit may face higher costs in fundraising
India's Shapoorji Pallonji Group (SP Group) could likely be saddled with higher interest rates when its unit Goswami Infratech raises fresh funds, after another unit was forced to raise interest rates, two sources familiar with the plans said. Goswami Infratech, the SP Group's real estate and civil engineering company, is planning ......
SEBI alleges Bank of America breached insider trading rules in 2024 stock deal
India’s markets regulator has accused a Bank of America (BofA) unit of violating its insider trading rules and breaking internal "Chinese walls" in connection with a 2024 share sale, a notice showed. The notice followed a Securities and Exchange Board of India (SEBI) investigation into the conduct of the bank's domestic ......
Saudi Arabia to open financial market to all foreign investors next month
Saudi Arabia plans to open its financial markets to all foreign investors from February 1, the Gulf country's market regulator said on Tuesday, as it eases rules to attract more money from abroad. The amendments approved by the Capital Markets Authority eliminate the concept of the Qualified Foreign Investor, scrapping a ......
Bottomline: InvAscent-backed Malladi Drugs' FY25 revenue, profit fall amid IPO plans
InvAscent-backed bulk drugs maker Malladi Drugs and Pharmaceuticals Ltd reported a decline in both revenue and net profit in the financial year ended March 2025, even as it explores an initial public offering. The Chennai-headquartered manufacturer of salts, used in medicines to treat symptoms such as nasal congestion, saw its operating ......
Ambit GPC-managed Poonawalla Vision Fund I marks final close
Poonawalla Vision Fund I, a growth-stage-focused venture capital fund set up by the Poonawalla family that runs vaccine manufacturer Serum Institute of India, has marked its final close after raising Rs 1,000 crore ($111.4 million), its investment manager said on Tuesday. The investment manager, Ambit Global Private Client (Ambit GPC), the ......
Grapevine: Warburg Pincus eyes stake sale in insurer; Fortum's once-stalled deal nears closing
Private equity firm Warburg Pincus is exploring a sale of its stake in a Mumbai-based insurer and drawing interest from multiple investors, and Gurugram-based JBM Group is looking to acquire a majority stake in an Indian arm of Finnish state-run utility Fortum Oyj, according to separate media reports. IndiaFirst Life, Warburg ......
Record foreign outflows cap India stock rally in 2025; selling may ease next year
Record foreign selling capped the rise in India's share market in 2025 even as the benchmarks scaled fresh highs after a 14-month rally, underscoring a growing divergence between the behaviour of global and domestic investors. Foreign portfolio investors sold about 1.6 trillion rupees ($18 billion) of shares during the year, the ......
All Things Baby to double down on omnichannel strategy, plans new funding round
All Things Baby Pvt Ltd, which operates an eponymous platform for mother and baby products, is deepening its omnichannel presence across major cities in India and is looking to raise capital to fuel the expansion plans, a top executive told VCCircle. To drive this strategy, the Mumbai-based company plans to expand ......
360 ONE Asset invests $70 mn in Iscon Balaji Foods
360 ONE Asset, a wholly owned subsidiary of 360 ONE WAM Ltd, will invest about $70 million (Rs 635 crore) in Iscon Balaji Foods Ltd (IBF), a potato processor and exporter of value-added potato products. This is 360 ONE Asset’s largest investment in the consumer sector, the alternative asset manager said ......
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