Aprajita Sharma

People walk past Xiaomi, a Chinese manufacturer of consumer electronics, store in Mumbai. India has begun a pilot to establish itself as an electronics repair hub.

Touting cheaper labour and relaxed customs, India makes big push to be a global electronics repair hub

[NEW DELHI] The Indian government’s new pilot project to position the country as an electronics repair hub has the potential to generate revenue of up to US$20 billion and create five million jobs ove...

A man stands outside an IDBI Bank branch next to its ATM kiosk in Mumbai. After a record-breaking year in 2021, PE and VC investments totalled US$61.6 billion in 2022.

India’s private equity, venture capital investments cross US$60b mark for third year in a row

[NEW DELHI] Amid a funding winter, India – the third-largest tech start-up ecosystem in the world – continued to see healthy investments in private equity and venture capital last year.

Apple CEO Tim Cook (right) and senior vice-president of retail and people Deirdre O'Brien at the opening of India's first Apple retail store in Mumbai on Apr 18. 2023.

Apple takes bigger bite out of India with new retail stores, expanded iPhone production

[NEW DELHI] There is “Apple-mania” in India this week, with the US tech giant’s chief executive officer (CEO) Tim Cook gracing the opening of the company’s first two retail stores there – one in Mumba...

Cross-border retail payments between Singapore and India currently amount to more than US$1 billion a year.

India’s real-time payments system expands its reach to the world

[NEW DELHI] INDIA’S Unified Payments Interface (UPI) – an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details – has in r...

The Reserve Bank of India plans to sell 40 billion rupees worth of 7.10 per cent 2028 sovereign green bonds and the same amount of 7.29 per cent 2033 sovereign green bonds.

India looks to raise another 80 billion rupees from second tranche of green bonds

[NEW DELHI] The Indian government announced on Thursday (Feb 9) that it hopes to raise a minimum of 80 billion rupees (S$1.28 billion) through the sale of a second tranche of sovereign green bonds.

A man walks past the Bombay Stock Exchange (BSE) building in Mumbai. India’s Finance Minister Nirmala Sitharaman on Feb 1 unveiled a 45 trillion rupees (S$715.1 billion) Budget for the next fiscal year starting April.

India’s budget maintains fine balance between fiscal prudence and economic growth

[NEW DELHI] India’s Finance Minister Nirmala Sitharaman on Wednesday (Feb 1) unveiled a 45 trillion rupees (S$715.1 billion) budget for the next fiscal year starting in April, with the government eage...

The Indian rupee fell 10 per cent against the US dollar in 2022, its steepest drop since 2013, making it one of the worst performing Asian currencies.
GLOBAL ENTERPRISE

After a torrid 2022, Indian rupee seeks some reprieve as economy stays resilient

[NEW DELHI] The Indian rupee had a year to forget in 2022, as it fell 11.4 per cent against the US dollar – the sharpest decline since 2013 – to become one of the worst-performing currencies in Asia.

India’s real-time payments system, Unified Payments Interface, has made great strides since it was launched  six years ago in 2016

India’s real-time payments system on quest to leave global footprint

[NEW DELHI] India’s real-time payments system, Unified Payments Interface (UPI), has made great strides since it was launched in 2016, to the point where transactions on the platform are now worth 55 ...

A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India. Earlier this year, India overtook the UK to become the world's fifth-largest economy.

Amid fears of a global recession, India is seen as oasis for investors

AGAINST the backdrop of the so-called China+1 strategy where more businesses and investors are looking to diversify beyond China, one country that is seeing increased attention is India.

Falguni Nayar, founder and CEO of the beauty and lifestyle retail company Nykaa, is currently India’s richest self-made woman.

India’s rising tycoons take global spotlight

India’s wealthiest grew their collective wealth by US$25 billion to a record US$800 billion in 2022