IFC China Bank

IFC launches $1b masala bonds to bolster India investments


IFC uses masala bonds to raise rupee funds overseas, and brings the proceeds to India for investments.

Online grocer BigBasket completes 3 acquisitions in less than six months: Report

BigBasket announced the acquisition of subscription-based hyperlocal delivery platform RainCan for an undisclosed amount on Thursday

Capillary Tech raises funding from Warburg Pincus for China expansion

Earlier this year, Capillary had closed a $20 million round from investors including existing backers Warburg Pincus and Sequoia Capital.

India Digest: Faasos eyes fresh funding; global PEs vie for Jet Privilege stake

Faasos is nearing the close of a $35-million funding round and has reportedly attracted investor interest for another $75 million.

India: Startups loosen purse strings to hire top talent again, but with caution

Startups are not blindly looking at Silicon Valley for talent, but hiring tech executives who have spent at least some time working in Indian internet companies.

Sri Lanka changes mind on China’s proposal, awards $300m housing project to Indian firm

In April, state-run China Railway Beijing Engineering Group won a tender worth over $300 million to build 40,000 houses in Jaffna.

With $3.5b war chest, Dutch chemicals firm Koninklijke DSM eyes assets in India

Besides scouting for inorganic growth, the company is also investing in greenfield projects in India.

PE-backed Shriram Properties plans to file draft IPO papers by December

TPG Capital, Starwood Capital, Walton Street Capital and Tata Capital, which hold a combined 58% stake in Shriram Properties, will partly monetize their shares in the proposed IPO.

Leap Green Energy appoints Barclays for up to $400m fundraising mandate

Founded in 2006, Leap Green is promoted by former Formula 1 driver Narain Karthikeyan’s family.

Canada’s CDPQ ups Azure Power stake to 40% with $100m fresh infusion

With this, CDPQ’s total investment in the Indian solar power producer stands at $240 million.