Nandan Mandayam
Stories by Nandan Mandayam
Indian e-scooter maker Ola Electric’s $734m IPO fully subscribed on Day 2
Ola will use the proceeds to invest in its in-house cell manufacturing.
Indian carrier SpiceJet to raise $360m in latest bid to restore normalcy
SpiceJet has been scrambling to raise funds amid a string of quarterly losses.
India’s Ola Electric working to build solid-state batteries
Its chairman said he expects Ola's own cells to power its electric scooters by early next year.
Vodafone sells $1.8b stake in India’s Indus Towers, Airtel ramps up stake
Vodafone sold a bigger-than-planned 18% stake, while Airtel increased its stake to nearly 50%.
Hyundai deepens India bet, files for IPO that could be country’s biggest
The IPO will make it the country's first car maker to go public in two decades.
India’s Zomato hits record high, bucking internet stocks’ sluggishness
Zomato is the most-valuable internet stock in Asia’s third-largest economy
India’s Financial Intelligence Unit fines Paytm Payments Bank
The payments bank failed to report suspicious transactions and conduct due diligence on these accounts, the FIU order said.
India’s financial crime agency hasn’t found forex breaches at Paytm unit yet
Paytm Payments Bank secured a 15-day extension for its wind-down to March 15 from the RBI.
India’s SpiceJet to raise $270m, losses narrow in Q2
The fundraise, its third this year, will help SpiceJet restore its 25 grounded jets.
Japan’s Suzuki to get bigger stake in India’s Maruti after sale of plant
The share allotment will boost Suzuki's stake in the Indian automaker by about 1.8%.
