Tags: India
State scraps plan to sell Coal India stake -FinMin
The government of India has cancelled its plan to divest a 5% stake in state-owned miner Coal India Ltd due to persistent opposition from trade unions, according to a finance ministry official.
Indian tech incubator BitChemy invests $6M in three startups -report
Hyderabad, India-based tech incubator BitChemy Ventures poured in $6 million in three startups - 3LOQ Labs, Cafyne Inc, and Altiux Innovations, according to a report.
JPMSL Copthall picks up 1pct stake in Indian travel company Cox & Kings
JPMSL Copthall Mauritius Investment Ltd. has acquired a little over 1% stake in Cox & Kings by buying 6,84,216 shares on Friday and 8,13,172 shares the day before. Shares in Cox & Kings closed at INR136.15 apiece on Friday's trading.
Pharma major GSK seeks FIPB nod to hike stake in Indian subsidiary
GlaxoSmithKline has asked for the approval of India's Foreign Investment Promotion Board for its planned acquisition of a 24.33% stake in its Indian arm GlaxoSmithKline Pharmaceuticals Ltd. GSK will fund the stake hike by investing INR6,400 crore.