Global investors and Sri Lanka officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, according to people familiar with the matter.
1 min read21 Mar 2024Over the past 15 months, the Singapore state investor committed nearly $4 billion in capital, including its stake in Manipal Healthcare Enterprises. It expects to deploy $9-10 billion within the next three years, the executives said.
3 min read18 Jul 2023Indonesia's PT Amman Mineral plans to raise up to 12.9tn rupiah ($860m) in an IPO, which would be the country's largest this year. The offering, which will be listed on the Jakarta stock exchange on 5 July, would offer 7.29 billion shares at a price range of 1,650 to 1,775 rupiah per share.
1 min read31 May 2023Executives and early investors sold shares worth $22 billion
5 min read30 May 2023The yuan surpassed the dollar in monthly trading volume in February for the first time
2 min read4 Apr 2023India installed 15 gigawatts of grid-connected wind and solar capacity last year, 44% more than in 2021, it’s still well short of what’s needed to reach the 2030 target
3 min read23 Mar 2023This new funding comes as a part of PhonePe’s ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year
1 min read17 Mar 2023To prevent the breakdown of another US bank in last one week, eleven of the biggest banks including JPMorgan Chase, Citigroup, Goldman Sachs, have come forward to form a $30 billion rescue package for First Republic Bank
2 min read17 Mar 2023After the announcement of Swiss Bank's $54 billion lifeline, Credit Suisse shares surged as much as 40%. The bounce back has come after the Zurich-based banking firm's stock nosedived by 30% on Wednesday
1 min read16 Mar 2023Amid the rising emphasis on India's manufacturing capabilities, Investcorp, Middle East's biggest biggest alternative asset manager is aiming to double down on warehouse investment in India
3 min read16 Mar 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared