Investment

Bank of Baroda plans to raise Rs.11,900 crore through share sale during the current fiscal year to fund business expansion, reported Press Trust of India on 2 June 2019.

The Indian anesthesia devices market is estimated to register a CAGR of 12.2% during 2019-2024, growing in value to US$975.5 million by 2024 from approximately US$494 million for 2018.

Use of financial technology (Fintech) revolution for achieving greater financial and insurance inclusion, besides lifting people above the poverty line would be amongst the biggest agenda of the Narendra Modi 2.0 government, said NITI Aayog CEO Amitabh Kant.

Mumbai’s Eight Capital and Emso Asset Management, a London and New York based emerging markets fixed income asset manager, have acquired Ambit Capital's stake in Ambit Flowers Asset Reconstruction Company.

TheMathCompany, a data science firm based in Bengaluru, Chicago and UK, has secured funding from Arihant Patni, from the Patni Computers Family Office.

China’s Alibaba is aiming for a significant presence in India’s Cloud market projected to reach US$7 billion by 2022 but there is trust-deficit especially in managing commercially critical data.

Prime Minister Narendra Modi and his government were sworn in on 30 May 2019 for a follow on second term with a decisive majority in the election, but market analysts see a wide range of economic challenges.

Indian homebuyers are gradually returning to the market and taking advantage of favourable property prices and cuts in GST and home loan rates since earlier this year.

Foreign direct investment (FDI) slipped by 1% to US$44.37 billion for 2018-19 in India, a first time in six years, said the Department for Promotion of Industry and Internal Trade (DPIIT).

New York’s UiPath aims to collaborate with 500 Indian institutions to train 500,000 students by 2022 by conducting courses free in its globally deployed Robotics Process Automation (RPA) solutions.