NEW DELHI/HONG KONG : Indian ride-sharing giant Ola plans to raise up to US$1 billion through an initial public offering and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom.
The company, which competes with Uber Technologies, is also in talks with Bank of America and JP Morgan, one of the people said.Bank of America, Citi and Morgan Stanley declined to comment.
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India attracts US$22.5 billion in foreign direct investment in April to June 2021: GovernmentNEW DELHI: India attracted foreign direct investment (FDI) inflows of US$22.53 billion during the first three months of the fiscal year starting on Apr 1, 90 per cent higher than the April-June period last year, the government said on Saturday (Aug 28). India\u0027s automobile industry accounted for 27 per
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