Hygenco Green Energies, based in Gurgaon, Haryana, India, and specializing in the development and operation of green hydrogen and green ammonia production facilities, is poised to secure capital by selling a 49% stake to a consortium of high-profile international investors. The round is set to onboard Germany’s Siemens AG, Singapore-based...
India’s GDP Growth Surprises at 7.8% in Q2, Beating Forecasts
India delivered a pleasant surprise in its GDP growth story last week! Reuters had predicted India's GDP to grow at 6.7 percent for the quarter ended June 2025. All 12 economists polled by the The Wall Street Journal had projected a slowdown to a median of 6.6 percent. But, boosted...
Singapore’s Temasek Invests $2 Billion in India’s Manipal Hospitals
Singapore-based sovereign wealth fund Temasek acquired an additional 41% stake in India's Manipal Health Enterprises from investors including TPG, boosting its stake in one of the country's largest hospital chains to 59%. Private equity firm TPG, an investor in Manipal since 2015, will fully exit its stake, though it will...
Butterfly iQ+ Point-of-Care Ultrasound Enters Indian Market
Jeddah, Saudi Arabia headquartered Abdul Latif Jameel Health, and Wellesta Holdings, a Singapore headquartered company announced a new agreement for the marketing and distribution of the Butterfly iQ+ point-of-care ultrasound device in India. The companies will register Butterfly iQ+ in India and start promoting and selling the product in the...
Dr.Reddys, Prestige BioPharma to Supply Herceptin Biosimilar
Hyderabad, India-based Dr. Reddy's Laboratories Ltd., and Prestige BioPharma Ltd., a Singapore-based firm, entered into an exclusive partnership for the supply and commercialization of the latter's proposed Trastuzumab biosimilar, in select countries. Trastuzumab (HD201) is a proposed biosimilar to Roche’s Herceptin and can be prescribed for the treatment of HER2...
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....