Abu Dhabi-based Lulu Group is preparing to enter the Indian e-commerce market by Q1 2026. Rather than launching a proprietary platform, the company intends to partner with established Indian online marketplaces to sell its hypermarket products, specifically focusing on groceries and household essentials. Beyond digital sales, the group is deepening...
Blackstone Invests $705 million in India’s Federal Bank
India’s Federal Bank announced on October 24 that it will sell a 9.99% stake to Asia II Topco XIII Pte. Ltd., an affiliate of private equity firm Blackstone, for $705 million. Once finalized, this deal will make the Blackstone affiliate the bank’s largest shareholder. The bank’s Board has also approved...