Jun 29, 2023

IPO: Krishca Strapping Solutions lists at 120% premium

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The government imposed restrictions on the imports of laptops, tablets and personal computers, a measure that seeks to nudge big tech companies looking to diversify production out of China to consider manufacturing in India.

Capital accumulation and enhancement in physical and digital infrastructure will drive the Indian economy to average 6.7% growth over the next eight years, doubling its size to $6.7 trillion by FY31, according to S&P Global.

Blackstone, the world’s largest private equity fund, is set to submit a non-binding bid as early as next week to acquire the entire 33.47% promoter stake in Cipla, India’s third-largest generics company by revenues, said people in the know.

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