Carlyle Group Inc. -backed Quest Global Services Pte has begun discussions with investment banks for a potential initial public offering in Mumbai that could raise as much as $1 billion, according to people familiar with the matter. The Singapore-based engineering services firm has held talks with bankers in recent weeks and is expected to appoint advisers soon, the people said, asking not to be i...
Carlyle Group Inc. -backed Quest Global Services Pte has begun discussions with investment banks for a potential initial public offering in Mumbai that could raise as much as $1 billion, according to people familiar with the matter. The Singapore-based engineering services firm has held talks with bankers in recent weeks and is expected to appoint advisers soon, the people said, asking not to be identified because the deliberations are private. The proposed IPO is expected to include a mix of primary shares and secondary sales by existing investors, the people said. Details including the size and timing of the offering remain under discussion and could change. A representative for Quest Global didn’t respond to a request for comment. Hillhouse Investment Management Ltd. last month acquired a minority stake in Quest Global through a transaction that included a primary capital infusion as well as the purchase of shares from select existing shareholders. Carlyle acquired a significant minority stake in the company in 2023 in a deal that marked the exit of Bain Capital and Advent International . India’s primary market has had a subdued start to 2026 following two record years for listings. About $1.6 billion has been raised through IPOs this quarter, compared with $2.3 billion in the same period last year and nearly $11 billion in the previous quarter, according to data compiled by Bloomberg. Quest Global employs more than 21,000 people and provides engineering services across industries including aerospace and defense, automotive, energy, technology, health care and semiconductors, according to its website . The company operates in more than 18 countries. Read More: Carlyle Is Said to Mull $1 Billion IPO of Quest Global in Mumbai
Kagenmi Japan's GDP grew 0.3% Q/Q in Q4 2025, exceeding the flash estimate of 0.1% and matching market expectations, and data also showed real wages rose for the first time in 13 months . This followed a 0.7% contraction in Q3, driven by upward revisions in private consumption, business investment, and government spending. Net trade did not contribute to growth, with exports and imports both decli...
Kagenmi Japan's GDP grew 0.3% Q/Q in Q4 2025, exceeding the flash estimate of 0.1% and matching market expectations, and data also showed real wages rose for the first time in 13 months . This followed a 0.7% contraction in Q3, driven by upward revisions in private consumption, business investment, and government spending. Net trade did not contribute to growth, with exports and imports both declining. The economy expanded at an annualized pace of 1.3%, significantly higher than the initial estimate of 0.2% and above forecasts of 1.2%. This rebound was mainly supported by stronger domestic demand, despite ongoing uncertainty from a recent trade deal with the U. S. imposing tariffs. Separate data showed, Japan’s nominal wages rose 3% year-on-year in January 2026, accelerating from a 2.4% gain in December and surpassing market expectations of 2.5%. Meanwhile, inflation-adjusted real wages, a key gauge of household purchasing power, increased for the first time in 13 months. Real wages grew 1.4% YoY in January after falling each month in 2025. Household spending in Japan fell 1% year-on-year in January 2026, easing from a 2.6% decline in the previous month. The Nikkei 225 Index jumped 2.8% above 54,000, while the broader Topix Index gained 2% to 3,650 on Tuesday, recouping losses from the previous session . The Japanese yen strengthened to around 157.6 per dollar on Tuesday after weakening to nearly 159 in the previous session. More on Japan economy: DXJ: Correction Underway After A Stellar Japanese Rally, Eyeing 'Buy' Points Surviving 'Epic Fury' And The Asian Stock Market Crash Japan's Election Shock: The Yen Trade Wall Street Can't Ignore Asia stocks surge as Trump signals Iran war 'nearing conclusion'; oil prices retract on easing sanction hopes Asian markets crash as oil spikes toward $115/barrel; Nikkei and Kospi plunge over 6% amid Middle East war crisis