Singapore’s sovereign wealth fund GIC will invest over $600 million for a 49 percent stake in a private Infrastructure Investment Trust controlled by IRB Infrastructure Developers headquartered in Mumbai. As part of the transaction, IRB will transfer nine of its Build-Operate-Transfer assets into the Investment Trust in which IRB will...
India Signs Mediation Convention
On August 7, India's High Commissioner to Singapore, Jawed Ashraf, signed the United Nations' Convention on International Settlement Agreements. Forty-six countries signed this treaty which is also known as the Singapore Convention on Mediation, since the island nation took the lead in drafting it. Singapore's Minister for Home Affairs and...
India's Ranking on Global Innovation Index Improves
According to the annual edition of the Global Innovation Index (GII), released on July 24, 2019, by the World Intellectual Property Organization, India improved its ranking by five places to 52nd from 57th position last year. The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing...
Netflix to Roll Out Lower-Priced Plan in India
Netflix will roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is rising. In March, the company tested a $3.63 monthly subscription for mobile devices in India, where data plans are among the lowest in the world. According to Media Partners...
India to Ease FDI Rules for Local Sourcing in Single Brand Retail
whilePresenting her maiden budget early this month, India's Finance Minister Nirmala Sitharaman announced that FDI inflows into India have remained robust despite global headwinds. " While Global FDI f slid by 13 percent in 2018 to $1.3 trillion, India’s inflows remained strong at $64.37 billion and grew 6 percent over...
Singapore, Canada Sovereign & Pension Funds Favor India
Attracted by political stability, a growing middle class, and a reforms push making it more appealing for foreigners to invest, sovereign wealth funds are buying stakes in India businesses from airports to renewable energy. Wealth and state pension funds are investing in private markets, to complement an existing focus on...