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BENGALURU (Reuters) - India's Bengaluru may need nearly 28 billion rupees ($362.7 million) to restore a drainage network damaged by rapid real estate development as repeated floods threaten to disrupt work and life in the IT hub, a report said. | 04:25am
BENGALURU (Reuters) - India's Bengaluru city may need nearly 28 billion rupees ($339 million) to restore a drainage network damaged by unfettered urbanization as repeated floods threaten to disrupt work and life in the IT hub, a report said. | 10:45am
BENGALURU (Reuters) - India's Bengaluru city may need nearly 28 billion rupees ($339 million) to restore a drainage network damaged by unfettered urbanization as repeated floods threaten to disrupt work and life in the IT hub, a report said. | 10:45am
Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.
With just hours to go until the end of the subscription period for the US$2.7 billion initial public offering (IPO) of Life Insurance Corporation of India (LIC), foreign institutional funds have put in orders for merely 8 percent of the shares set aside for all institutional buyers.
While the anchor portion of the IPO drew in sovereign funds from Norway and Singapore, most of the shares went to domestic mutual funds.
“Foreign institutional investors have been pulling
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