VC funds focused on Southeast Asia and India have raised $3.1 billion this year against $3.5 billion the whole of last year, the report said

Tesla chief Elon Musk pours cold water on the idea his company will set up a gigafactory in India in the near future

India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise its oil and gas resources to cut its import bill

Vedanta's Agarwal said he supports Prime Minister Narendra Modi's drive to make India a semiconductor manufacturing hub, adding that "Foxconn is our technical partner"

China wants to woo India as an ally both in its Belt and Road infrastructure initiative and against US-led hegemony in Asia but it also fears New Delhi is a competitor

Elizabeth Rosenberg, assistant secretary for Terrorist Financing and Financial Crimes, will be in India on what is seen as a US bid to try to temper India's purchases of Russian oil

Sanctions imposed against Russia appear to have shown wary Indian policymakers that the US and its allies will weaponise the global trade system

General Atlantic is in talks with about 15 companies in sectors including technology, financial services, retail and consumer, Sandeep Naik, head of its business in India and SE Asia, said

With carmakers investing in EVs, parts suppliers are also diversifying their business towards new and clean technologies and moving away from petrol-reliant supply chains

Amazon, Charoen Pokphand Group, Reliance Retail, Avenue Supermarts, Tata Group, Lulu Group and Samara Capital have all expressed an interest to the German firm

Indian refiners have increased their purchases of cheaper Russian oil shunned by many other countries over its Ukraine invasion

"We have been working for many years now on localisation, vertical integration in India, to enjoy the smart frugality of India," CEO Carlos Tavares said