Page 9 - Investment

Investment in Myanmar port not in violation of US sanctions: Adani Ports

Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday said that the company believes that its investment in a port in Myanmar is not in violation of any sanction guidelines

Startup funding fever infects South Indian film industry too

Superstar Nayanthara and director Vignesh Shivan invest in Chennai-based Chai Waale

Nisus Finance to invest Rs 500 crore for stressed and incomplete projects

Fund manager has already roped in an anchor investor that has committed Rs 100 crore for the stressed assets fund called Real Estate Performance Fund

Zensar reveals new logo in first rebranding drive in almost two decades

Rebranding comes on the back of strategic investments in building capabilities that help businesses take disruptive experiences and products to market with velocity

Ashok Leyland to invest up to $200 million in EVs via Switch Mobility

Hinduja group flagship firm Ashok Leyland will invest up to USD 200 million (nearly Rs 1,500 crore) in its electric vehicles journey through its UK-based arm Switch Mobility

Vision Fund's bet on Didi Chuxing falls $4 billion into the red

More than one-quarter of the Vision Fund's portfolio is the Japanese group's heavy investment in China's tech sector.

Investments on e-mobility in India to depend on stable policy: Yamaha

Japanese two-wheeler major Yamaha is working on an all-new electric vehicle platform for India and other global markets but the company's investments on electric mobility in the country

Avigna to invest Rs 837 cr to build industrial parks in Tamil Nadu

Avigna Industrial & Logistics Park on Saturday said it will invest Rs 837 crore in Tamil Nadu to develop industrial parks. The company has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for an investment of Rs 837 crore in the state, Avigna said in a statement. The agreement has been signed between Managing Director Rajasekaran S and Executive Director Abhijit Verma from Avigna Group and Tamil Nadu Chief Minister MK Stalin. Avigna will utilize the proposed investment to develop modern industrial development parks in various parts of Tamil Nadu in the coming years. We are pleased to announce this collaboration with the State Government and look forward to not only develop industrial parks but also bring economic development to the people of the state by generating employment opportunities," said Abhijit Verma, Executive Director and CEO of Avigna Group. Avigna is soon going to start operation of their first-of-kind food terminal market near Chennai which

Investment in P-notes continues to soar; hits 37-month high in June

Investments in the Indian capital markets through participatory notes (P-notes) rose to Rs 92,261 crore till the end of June, making it the highest level in 37 months.

Race to the bottom

States should avoid special investment deals with one group

Microsoft in talks with Telangana to set up Rs 15,000-crore data centre

According to sources in the state government, the company has zeroed in on a land parcel near Hyderabad for the facility

Rooftop solutions co MYSUN raises Rs 15cr debt funding from Tata Cleantech

The firm recently launched its solar asset vehicle MYSUN+ to develop projects under the distributed and open access models with an investment of Rs 600 cr in the first phase

Sonalika invests Rs 200 cr for new plant in Himachal to roll out harvesters

Tractor manufacturer Sonalika on Tuesday said it has invested Rs 200 crore to come up with a new manufacturing facility to produce harvesters at Amb in Himachal Pradesh

Thrasio-like startup GlobalBees raises $150 mn to create a house of brands

This is the largest Series A round by a Thrasio-style startup in the country. With this round, Vikas Agnihotri of Softbank, Harsha Kumar of Lightspeed and others join the GlobalBees board

Tencent acquires UK-based video game firm Sumo Group for $1.27 bn

Chinese conglomerate Tencent has announced to acquire British video game company Sumo Group for $1.27 billion in an all-cash deal.

Blackstone to acquire majority stake in Simplilearn for $250 million

Simplilearn Solutions on Monday said Blackstone will acquire a majority stake in the edutech company for USD 250 million (about Rs 1,860 crore). Private equity funds managed by Blackstone have entered into a definitive agreement to acquire a controlling stake in Simplilearn Solutions, a statement said. Simplilearn founder and CEO Krishna Kumar said Blackstone is investing USD 250 million in the company. The previous investors - Kalaari Capital, Helion Venture Partners and Mayfield Fund - have exited now, but the management of Simplilearn remains the same and their stake will also remain unaffected, he told PTI. Details of the quantum of the stake being bought and valuation of Simplilearn were not disclosed. Simplilearn was founded in 2010 and the company has been profitable for the fourth year in a row. The platform offers over 100 programmes to help early to mid-career professionals acquire new-age digital skills across cloud, DevOps, data science, artificial intelligence and ..

Blackstone invests $250 mn in edtech firm Simplilearn, gets majority stake

Indian startup company offers more than 100 programmes to help early to mid-career professionals

SoftBank-backed Lenskart raises $220 million as India's tech industry booms

Lenskart sold about 8 million pairs of eyewear last year and is aiming to grow that by 30 per cent in the year ending March 2022

Wide-ranging reforms make India attractive destination for investment: FM

India's continuous wide-ranging reforms make the country an attractive destination for foreign investments, Finance Minister Nirmala Sitharaman said on Friday while addressing executives of top US companies. She also mentioned about stimulus packages announced recently; as well as strong, calibrated relief and reforms during COVID leading to sharp decline in new infections with ramping up of the vaccination programme. Addressing a round-table organised by the US India Business Council (USBIC) -- attended by representatives from prominent foreign firms like General Electric, Baxter Healthcare USA, Brambles, Marsh & McLennan, PepsiCo, amongst others, the Finance Minister said India and the US have set an ambitious target of achieving USD 500 billion in two-way trade. Continued macro-economic stability and resilience in economic recovery in the recent months, focus on infrastructure-led economic growth, and multi-sectoral opportunities for investors are some of key highlights shared .

BHyve raises $300,000 from JITO, Letsventure and other angel investors

Backed by 100X.VC earlier in May this year, BHyve will use the freshly infused capital for marketing, boosting sales and brand building