General Atlantic this week increased its stake in Reliance Industries, India’s largest retailer and one of…
India
Business news and investment opportunities in India
STATS
Source: World Bank
Currency: Indian rupeeGDP: 2.719 trillion USD (2018)
GDP per capita: 2,009.98 USD (2018)
GDP growth rate: 6.8% annual change (2018)
GNI per capita: 7,680 PPP dollars (2018)
Gross national income: 10.39 trillion PPP dollars (2018)
Internet users: 34.4% of the population (2017)
Apple opens first Indian online store as Jio goes mass market
Apple opens its first online store in India just as Google and Rio plan mass market…
Happiest Minds sets pace for Mumbai IPOs
Happiest Minds Technologies set the pace for new IPOs in Mumbai, closing at a 111%premium
Reliance ecommerce drive moves up a gear
Silver Lake Partners private equity firm was discussing the possibility of investing $1bn in Reliance Retail
India eyes $50bn World Solar Bank
Pressure grows on Indian Prime Minister Modi to set up World Solar Bank to fund up…
Walmart keeps faith with Indian e-commerce
Walmart has stumped up $1.2bn to help its Indian e-commerce concern Fliipkart counter the effects of…
Monsoon boost for rural India reforms
Modi sees the economic development of rural India's approximately 650,000 villages and agricultural sector as key…
Mongolia joins ADB currency-linked bond wagon
Mongolia has raised $7m development capital through an ADB currency-linked bond issue for a sustainable milk…
Jio valuation jumps on prospect of digital India
The Abu Dhabi Investment Authority (ADIA) has bought a 1.15% stake in Jio Platforms for $750m …
INSTC Corridor to get own logistics operator
INSTC: Russian Railways is in talks with its counterparts in Iran, India and Azerbaijan about the…
‘New chapter’ as work starts on Afghan leg of TAPI pipeline
Work on the Afghan leg of the 1,814 km, $8bn TAPI natural gas pipeline that will…
China pips India in battle for stake in Dakha Stock Exchange
This week’s announcement from Bangladesh that it had rejected a bid for a 25% stake in…
Branson brings hyperloop to India
The journey time between Mumbai and the university town of Pune could be slashed from three…
Future of Chabahar and Farzad B high on agenda for Rouhani visit to India
Progress on the upgrade of the Iranian port of Chabahar and delays over the awarding of…
Chabahar set to take on Gwadar in fight for traffic on South Asian sea route
The prospect of a new strategic sea route connecting Iran, India and Afghanistan came one step…
World Bank spells out dangers of Russia’s pivot towards the east
The economic transformations taking place in China and India are having subtle and indirect impacts on…
Baku helps Tehran out with loan for INSTC transport corridor
Work on the construction of the 144-km Rasht-Astara rail leg of Iran’s section of the International…
Russia and India rise up World Bank rankings but regional hubs win the day
Russia and India have emerged as two of the biggest winners in the World Bank’s latest…
EU and India ready to resume BTIA talks
EU and India BTIA: A delegation of senior EU officials is to visit Delhi next month…
Now Total considers investing $10bn in Iranian petrochemicals development
Just months after signing a $5bn deal to participate in the development of Iran’s giant offshore …
Work starts on India’s high-speed bullet train as rail network crumbles
India’s dream of enjoying the benefits of high-speed bullet transportation came one step closer to reality…
India offers to invest $11bn in Iran’s Farzad-B – and to take all the gas home
An Indian consortium headed up by ONGC Vicesh has said that it is willing to spend…
ADB pledges $5bn to India’s ECEC East Coast Economic Corridor
The Asian Development Bank (ADB) yesterday committed $5bn to develop infrastructure along India’s East Coast Economic Corridor (ECEC)…