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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Fonterra negated the Sri Lankan ban of the company's dairy products.
Retail Holdings wanted an IPO up to US$200 million for Singer Asia.