Indrajit Basu

Indrajit Basu


Walmart-owned Flipkart 'eyeing US listing via SPAC'

Walmart-owned Flipkart eyeing US listing via SPAC

(ATF) The frenzy of a stock market listing via special purpose acquisition companies that has gripped the US seems to be catching on in India too, with an e-commerce giant reportedly trying to throw its hat in the ring.Walmart-owned Indian e-commerce giant Flipkart is exploring going public in the US …

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Adani Group accelerates its ‘string of ports’ strategy

Adani Group accelerates its ‘string of ports’ strategy

{ATF) The Adani Group, India’s biggest port infrastructure developer and logistics provider, unveiled yet another port acquisition deal on Wednesday that paves the way for the conglomerate to bolster its already expansive port presence in the country.It also adds another milestone in its target of creating a string of ports …

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India tells Tesla: We'll give you the lowest production costs

India tells Tesla: We'll give you lowest production costs

(ATF) India has offered to give Elon Musk the lowest production prices in the world in a bid to try to get him to make electric vehicles in the country, rather than just assemble his cars there. Transport minister Nitin Gadkari said yesterday the country is ready to offer incentives …

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India’s GDP recovery gathers pace but medium-term outlook uncertain

India’s GDP recovery gathers pace but medium-term outlook uncertain

(ATF) India’s economy returned to growth in the December quarter, marking the end of the coronavirus-induced contraction and even gathered pace as consumers and investors shook off the effects of the pandemic. But a slowdown in the rate of capital accumulation as investments remained subdued – growing by a marginal …

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India gains global sway with its vaccine diplomacy

India gains global sway with its vaccine diplomacy

(ATF) Six weeks back when problems at AstraZeneca’s European production plant jeopardised Canadian Prime Minister Justin Trudeau’s plan to vaccinate “every Canadian who wants one by September,” his government had to kick off a global hunt to boost Canada’s lagging vaccination drive.With no local vaccine production, and only about 3.6% …

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New Indian rules put Facebook, WhatsApp, Netflix in tough spot

New Indian rules put Facebook, WhatsApp, Netflix, et al in tough spot

(ATF) Joining global efforts to regulate the social media explosion and rein in the influence of the tech giants, India announced new rules on Thursday that could force WhatsApp, Signal, Telegram and others to break their end-to-end encryption assurance.The rules would also pose a fresh challenge to the operations of …

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ReNew Power eyes Nasdaq via SPAC deal

ReNew Power eyes Nasdaq via SPAC deal

(ATF) ReNew Power Private Limited, which claims to be India’s leading pure-play renewable energy producer, has decided to go public in the US through a merger with a special purpose acquisition company (SPAC), to become the first firm from India to reverse merge with a US-listed blank cheque company.The Goldman …

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