APAC cities continue to be some of the world’s most connected and prominent as emerging hubs in South Asia gain ground
Asia Pacific (APAC) cities, spearheaded by Tokyo, Beijing, Singapore, Melbourne, and Hong Kong, continue to assert their influence as some of the world’s most connected and prominent urban centers, according to Kearney’s 2023 Global Cities Report. The report reveals that APAC maintains a strong foothold in the top 10 of its Global Cities Index (GCI), claiming five coveted spots.
Adani’s market losses top $100 bln as shelved share sale spooks investors
India’s Adani group shares sank on Thursday after it abandoned its flagship company’s $2.5 billion stock offering, swelling the conglomerate’s market losses to more than $100 billion and sparking worries about the potential systemic impact.
Adani’s crucial share sale 85% subscribed as institutions pump in funds
Indian billionaire Gautam Adani’s $2.5 billion share sale inched closer to full subscription on Tuesday as investors pumped in funds after a tumultuous week for his group in which its stocks were pummeled by a scathing short-seller report.
Exclusive: Blackstone in talks with Bain to sell $480 million stake in top Indian REIT
Blackstone is in talks to sell around half of its stake in India’s largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, two sources said, in a deal worth up to $480 million at current prices.
Exclusive: Air India nears historic order for up to 500 jets
Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.
India’s digital lending rules spark disruption, firms plan pushback
India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.
Vaccination centres close in Mumbai as India posts another record rise in COVID-19
All vaccination centres in India’s financial capital of Mumbai were shut for three days starting Friday due to a shortage of vaccines, said authorities, as the country posted another record daily rise in coronavirus cases. India reported 386,452 news cases on Friday, while deaths from COVID-19 jumped by 3,498 over the last 24 hours, according […]
India’s daily coronavirus cases climb to new world record as hospitals buckle
India’s coronavirus infections rose by 346,786 overnight, the health ministry said on Saturday, setting a new world record for the third consecutive day, as overwhelmed hospitals in the densely-populated country begged for oxygen supplies. India is in the grip of a rampaging second wave of the pandemic, hitting a rate of one COVID-19 death in […]
