Investment

Camlin to benefit from supply-chain disruption Mumbai-based Convergent Finance LLP, an investment advisor to Infinity Investment Management, has announced an investment, up to Rs.1,800 million (US$23.8 million) in compatriot Camlin Fine Sciences Limited, a vertically integrated company engaged in the...

Von Wellx relocates to Agra from China Global supply chains, Artificial Intelligence, Digitisation, Pharmaceutical products, Joint R&D, Testing and co-production of vaccines, and clean energy cooperation are some of the major areas to focus on future cooperation between India and...

Rs.20,000 crore guarantee for MSME promoters MSME Minister Nitin Gadkari has launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. As per the Scheme, the ‘guarantee cover’ worth Rs.20,000 crores...

Investment aligned with Act East Policy The Cabinet Committee on Economic Affairs has approved an additional investment of US$121.27 million by ONGC Videsh Ltd (OVL) in the continuing development of the Shwe oil and gas project in Myanmar, said CCEA...

Pradhan: New CBG offers an attractive rate of return India is exploring global funds to finance Compressed Bio-Gas projects while a new package for MSMEs is to assist in setting up new plants, Petroleum and Natural Gas Minister Dharmendra Pradhan...

India: BMW’s Priority Market To tap the potential of the Indian market, Vikram Pawah has been appointed as the President of BMW Group India effective 1 August 2020 along with his present role as Chief Executive Officer of BMW Group...

Expansion announcement soon Punjab-based multinational Khawaja Holdings plans to expand its operations in the Indian market by taking on new investments and partnerships with international groups such as Japan Post, HSBC Holdings and JP Morgan Chase. “We are thankful to...

Portal Sampada to serve food industries Ministry of Food Processing Industries (MoFPI) has been holding Inter-Ministerial meetings for approval and review of 36 projects through online mode and other virtual means under the Scheme for Creation of Infrastructure for Agro-processing...

Zinnov sees exponential growth IoT investments in India are expected to triple to touch ~US$15 billion by 2021 across both technology products and services components from close to US$5 billion in 2019. This was forecast by Zinnov, a leading global...

Centre to employ 2,000, says Pradhan Petroleum major BP has announced a major new centre for its global business services (GBS) operations in Pune which is expected to begin operations in January 2021 to provide business processing and advanced analytics...