Aditya Kalra
Stories by Aditya Kalra
WhatsApp adds rival digital payment options in India commerce push
WhatsApp has more than 500 million users in India.
Torrent Pharma in talks to borrow up to $1b from Apollo Global for Cipla bid: report
A deal for about 60% of Cipla could be worth as much as $7b, experts say.
India’s Torrent Pharma in talks with CVC, Bain to raise up to $1.5b to bid for Cipla
Torrent and Blackstone both have submitted non-binding bids for Cipla, sources say.
India’s Reliance Retail in talks with Gulf, Singapore funds for $1.5b investments
GIC, ADIA, and Public Investment Fund are looking to invest at least $500m each in Reliance Retail.
KKR raises stake in Indian billionaire Ambani’s Reliance Retail with $250m
The follow-on investment translates into an additional equity stake of 0.25% in Reliance Retail.
Temasek leads $140m funding in Ola Electric at a valuation of $5.4b
There will be another round of fundraising before Ola Electric files papers for an up to $1b IPO in late 2023.
Adani family’s partners used “opaque” Mauritius funds to invest in its stocks: report
An OCCRP report pushed down shares of Adani Group companies on Thursday.
India weighs import tax cuts if EV makers commit to some local manufacturing
Automakers may be allowed to import fully-built EVs into India at as low as 15% tax.
GQG Partners buys 8.1% stake in Adani Power for $1.1b
GQG has made several investments in the Adani Group previously.
Indian gaming platform MPL to lay off 350 employees to “survive” new tax
The company said the new rule will increase its tax burden by 350-400%.
