Investment

Company leveraging space-based crystallization technology Serendipity Space, a pioneering space-tech company developing microgravity-based pharmaceutical manufacturing solutions, has raised its pre-seed round from Bengaluru's Campus Fund for accelerating the company's mission to transform drug development by leveraging space-based crystallization technology through...

Infra development requires 400mt annual steel production by 2035 Capital infusion of approximately US$200 billion by 2035 for an annual steel production of 400 million tonnes in India where infrastructure development is driving demand above 12% https://www.commerce.gov.in/. “This fast growth...

Minister calls on banks to identify emerging opportunities Finance Minister Nirmala Sitharaman has directed Public Sector Banks (PSBs) Banks to strengthen the implementation of the New Credit Assessment Model for MSMEs to broaden access to capital and expedite credit flow...

Scale up operations at IIBX, says Sitharaman Minister for Finance & Corporate Affairs Nirmala Sitharaman has called for further development of the International Financial Services Centre (IFSC) at GIFT City, Gandhinagar, as a prominent gateway for global capital flows into...

NBFC to support shipbuilding and renewables projects Minister of Ports, Shipping & Waterways (MoPSW) Sarbananda Sonowal has inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as Sagarmala Development Company Limited,...

Kedia set to invest Rs.400cr fund in Tier-II & -III cities Given the Indian Government’s generous incentives, the manufacturing sector should embrace technology and become a “Silicon Valley” to attract global sovereign funds as an increasing number of these cash-flush...

Fund III will invest in 60 startups over 4 years Campus Fund, India’s pioneering and only SEBI-registered AIF Category II venture capital fund dedicated exclusively to student and college dropout-led startups, has announced the launch of its third and largest...

Proceeds to repurchase portion of Trip.com shares MakeMyTrip Ltd (NASDAQ: MMYT) has announced the commencement of a proposed primary offering of 14,000,000 ordinary shares of the Company, par value US$0.0005 per share (the Primary Shares), subject to market and other...

Limassol roundtable held with Cyprus-India businesses Prime Minister Narendra Modi sees Cyprus as a significant economic partner for India, particularly in the Foreign Direct Investment (FDI) sector and has welcomed the keen interest in new investments from the country into...

Capital for scaling financing activities Indian Renewable Energy Development Agency Ltd (IREDA) has raised Rs.2,005.90 crore through a Qualified Institutions Placement (QIP), boosting Green Financing for investments in projects. The capital raised through this successful issue will further strengthen IREDA's...