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India’s Delhivery plans $1b IPO filing

Bloomberg Delhivery Pvt, an Indian logistics and supply chain startup, plans to file a draft prospectus as soon as October for its initial public offering that could raise about $1 billion, according to people with knowledge of the matter. The company, backed by SoftBank Vision Fund and Carlyle Group Inc, is targeting a Mumbai listing before March next year, said ...

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China reopens terminal at world’s third-busiest port

Bloomberg The Meishan terminal at China’s second-busiest port reopened following a two-week shutdown that further snarled already stressed shipping routes in Asia. The terminal was expected to start the resumption of normal operations on Wednesday, a port official said at a press conference in the city of Ningbo. The terminal was about a quarter of the Ningbo-Zhoushan port’s capacity and ...

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Malaysia oppn hails ‘good start’ with new PM

Bloomberg Malaysia Prime Minister Ismail Sabri Yaakob’s meeting with opposition leaders on Wednesday left Anwar Ibrahim positive about working with the new government to heal the nation that’s seen change of three administrations since 2018. The meeting, which lasted over an hour at the premier’s office, was focused on finding common ground to best handle the Covid crisis, save lives ...

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