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KUALA LUMPUR: The outdated New Economic Policy (NEP) is in need of reform to address current political, economic and social situations, says Datuk Seri Nazir Razak.
BENGALURU: Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic.
NEW DELHI: India’s actual death toll from Covid-19 could range between 1.3 million to a staggering 5 million, with even the most conservative estimate putting its tally at more than double the U.S., the highest recorded in the world so far.
SANTIAGO/BEIJING: Chile state mining company Codelco, the world's largest copper producer, will seek to quadruple sales in Southeast Asia by 2023 and push further into the Indian market in an attempt to reduce a strong reliance on sales to China, the company told Reuters.
NEW DELHI: India’s plan to sell a majority stake in the country’s second-biggest state refiner has slowed down amid the coronavirus pandemic and other government initiatives such as the initial public offering (IPO) of the nation’s biggest insurer, according to people familiar with the matter.
Market regulator checking compliance with rules
MUMBAI: The widening gap between India’s private banks and their state-backed peers is expected to be laid bare this earnings season with investors looking for further signs that players such as HDFC Bank Ltd are better placed to step up lending when the country’s second coronavirus wave subsides
MUMBAI: Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world’s second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.
MUMBAI: A stock offering by Indian food delivery startup Zomato drew bids worth US$46.3 billion as it was more than 38 times oversubscribed on Friday, signalling investors were bullish about the fast-growing sector.