India’s Paytm Tumbles in Market Debut, as Investors Question Lack of Profits November 18, 2021 By Nupur Anand and Sankalp Phartiyal MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning...
India Shuts 5 Coal-Fired Power Plants to Combat Air Pollution in New Delhi November 17, 2021 By Neha Arora and Mayank Bhardwaj NEW DELHI—India has temporarily shut down five coal-fired power plants around the capital New Delhi as part of its drive...
SoftBank-Backed Fintech Raises $761M in India IPO. Now Comes the Hard Part. November 16, 2021 By Saritha Rai Yashish Dahiya’s PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO....
Paytm’s IPO Oversubscribed but Doesn’t See Blow-out Demand From Investors November 15, 2021 By Vishwadha Chander, Chris Thomas and Sankalp Phartiyal BENGALURU – Paytm’s $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed at the close of bidding on Wednesday,...
Willis Towers Watson Agrees to Acquire Remaining 51% Stake in WTW India November 3, 2021 Insurance broker Willis Towers Watson announced the signing of an agreement to acquire the remaining 51% shares from Anemone Holdings...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution November 2, 2021 By Saritha Rai, Suvashree Ghosh and Baiju Kalesh China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching...
Amazon-Backed Indian Online Insurer Acko Valued at $1.1B in New Funding Round October 29, 2021 By Baiju Kalesh General Atlantic and local private equity firm Multiples Private Equity led a $225 million funding in Acko General Insurance, valuing...
Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers October 18, 2021 Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss...
India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO October 8, 2021 By Shruti Srivastava India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to...
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round October 4, 2021 New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed...