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Pace of India road awards may set $15 billion record

Bloomberg India has awarded road contracts at a “breakneck pace” in 2018, raising the prospect that orders will reach a record this financial year, according to IIFL Wealth Management Ltd., the nation’s largest money manager for the rich by assets. Orders from the National Highway Authority of India (NHAI) may cross $15.3 billion in the 12 months through March, climbing ...

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Grab vanquishes Uber with local strategy

Bloomberg As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focussed on serving the 620 million people that share its home in Southeast Asia. Helped by the deep pockets of SoftBank Group Corp., Grab emerged the winner when Uber agreed to swap its business in the region for a 27.5 percent stake. The deal is a ...

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China’s top anime site set to raise $483mn in IPO

Bloomberg Bilibili Inc., China’s top online platform for streaming animation, is poised to raise $483 million in its US initial public offering, according to people with knowledge of the matter. The website operator plans to price its sale of 42 million American depository shares at $11.50 apiece, the midpoint of a marketed range, the people said, asking not to be ...

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