India
The proposed changes reflect India’s cautious stance on a rise in outward remittances and full convertibility of the rupee.
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India to curb remittance rules, bar offshore time deposits
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Vietnam Digest: Vingroup commits $372m to VinUni; Rec Rec raises seed round
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OpenAI in talks to raise funding from Saudi PIF, India's RIL
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Adani eyes IPO of airport unit by 2027, speeds up $100b capex push
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India Digest: GIVA Jewellery, Snapmint looking to raise funds
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Indonesian digital identity startup Privy lays off 20% staff amid rejig
SUSI Partners sees energy storage, services as next phase of growth in Asia
Ares closes $2.4b Japan data centre fund
Singapore’s ShopBack rewards app scoops up inflation-hit consumers
India: Lighthouse Funds invests $35m in construction tech firm Knest
The approval adds to Jio-BlackRock’s growing financial services footprint in India.
Starlink is the third company after Eutelsat’s OneWeb and Reliance Jio to get the licence.
World
China will move to protect the legitimate rights of it companies, its foreign ministry said.
Flipkart is the first large e-commerce player in India to secure an NBFC licence.
Greater China
The head of the trade group representing major automakers raised urgent concerns.
The rules have prevented different subsidiaries of the PIF from investing more in India.
Indonesia
TikTok in January 2024 completed a deal to buy 75.01% of Tokopedia for $840 million from GoTo.
The firm said it has signed multiple contracts for battery swapping stations with CATL and its two units.
The bill establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong.
