India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. Lesser known companies in sectors such as pharmaceutical's Delhi-headquartered Mankind Pharma's listing, have rekindled interest in IPOs by offering steady revenue growth and...
India to Have Record Number of IPOs in 2024
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. This IPO boom shows no signs of slowing down, with 130 new listings and 313 billion rupees raised so far in 2024. Lesser...
On 2nd Trip to India Texas Governor Takes 16 Companies to Boost Trade
Governor Greg Abbott of Texas returned from a productive economic development mission to India organized by the Governor's Economic Development & Tourism Office and the Texas Economic Development Corporation. The Texas delegation also included business and economic development leaders from across the state, representing more than 16 companies, communities, and...
Paramount Global Sells Stake in Viacom18 to Indian Company
Paramount Global has divested its entire 13% stake in Indian TV and streaming company Viacom18 to India's Reliance Industries for approximately $517 million. Reliance was already the majority owner of Viacom18 prior to this transaction. This deal comes shortly after Reliance announced a landmark $8.5 billion merger agreement between its...
India Seeks Private Investment in Nuclear Energy Sector
India is pursuing a new strategy to significantly boost its nuclear power generation capacity by inviting major private companies to invest up to $26 billion in the nuclear energy sector, according to Reuters. "This marks the first time the government is seeking private investment in nuclear power, a non-carbon emitting...
NVIDIA works to support AI in India
Santa Clara-based NVIDIA and Mumbai-based Reliance Industries announced a collaboration to develop India’s own foundation large language model trained on the nation’s diverse languages and tailored for generative AI applications. The companies will also work together to build an AI infrastructure that is “over an order of magnitude more powerful...