Sri Lanka

Tata Motors to grow exports of trucks to offset slow India sales

Tata Motors Ltd (TAMO.NS), India's biggest automaker by revenue, plans to triple exports of its trucks and buses to countries in Asia and beyond to counter slow sales growth in India, it said on Wednesday.

Read Full Article

China says Sri Lanka loans made 'based on consensus'

China's loans to Sri Lanka were made based on consensus through talks between the two countries and at Sri Lanka's request, the Chinese Foreign Ministry said on Monday, after Sri Lanka's foreign minister expressed concern about the loans.

Read Full Article

Sri Lanka reviews land transfer to China as port deal draws scrutiny

Sri Lanka is reconsidering the outright transfer of a parcel of land to China under a $1.5 billion port city deal signed by a previous government, the energy minister said, amid concerns it could be used for Chinese naval activity.

Read Full Article

Australia’s Crown Resorts drops Sri Lanka $400 million casino plan

Australian gaming mogul James Packer’s Crown Resorts Ltd. (CWN.AX) has scrapped a proposed $400 million luxury hotel and resort development in Sri Lanka after Colombo's new government withdrew approvals for casinos.

Read Full Article

As Obama visits, signs that India is pushing back against China

When Sri Lanka unexpectedly turfed out President Mahinda Rajapaksa in an election this month, it was the biggest setback in decades for China's expansion into South Asia - and a remarkable diplomatic victory for India.

Read Full Article

British lawmakers urge EU to stop Sri Lanka trade perks if UN probe not given access

Leading British lawmakers urged the European Union on Thursday to remove preferential trade tariffs from Sri Lanka if it fails to address human rights concerns.

Read Full Article

China on track to develop Indian railways as Xi heads to South Asia

China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors' first summit since Narendra Modi became prime minister in May.

Read Full Article

Sri Lanka's private equity industry interested in fast-growing small and mid-sized firms- report

According to a private equity official, the private equity industry in Sri Lanka is interested in backing small and mid-sized firms that have a winning business model and a plan for growth, the Lanka Business Online reported.

Read Full Article

ONGC bids for 3 oil and gas blocks in Sri Lanka

ONGC Videsh Ltd, Oil and Natural Gas Corporation's overseas arm, has bid for 3 out of 13 Sri Lankan oil and gas blocks in the Mannar basin.

Read Full Article

Indian Angel Network eyes investment opportunities in UK, Singapore

The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.

Read Full Article

Chinese company to build infrastructures in Sri Lanka worth USD500 million

Top Chinese company China Harbor Engineering Company will be building two hotels and a golf course in Sri Lanka worth USD500 million. Previously, the company constructed an international airport which was opened this year.

Read Full Article

Fonterra counters Sri Lanka ban on dairy

Fonterra negated the Sri Lankan ban of the company's dairy products.

Read Full Article

Retail Holdings Wants IPO up to US$200 Million for Singer Asia

Retail Holdings wanted an IPO up to US$200 million for Singer Asia.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics