Investment

Chennai-headqduartered TVS Motor Company has invested US$3.85 Million in Bengaluru-based TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round.

Chinese mills are set to continue importing Indian pellets of 64fe ore with traders expecting to export 10-11 million tonnes this year (2019), up from 9.5 million tonnes in 2018.

Two Indian origin cybersecurity startups have pitched to Singapore-based investors for funds to build markets for their concepts on cybersecurity.

India will have 2,500 new hospitals in the next five years and thereby creating 2.5 million additional jobs, according to Dr V K Paul, Member (Health) at NITI Aayog.

Irvine, California-headquartered Alorica Inc, a global leader in customer experience solutions, is continuing to broaden its footprint in Asia-Pacific with the addition of an innovation lab and digital business processing management operations located in India’s “Silicon Valley” Bengaluru.

Asia Pacific, and in particular India, is one of the most important and fastest-growing markets for the Madrid-based AlgaEnergy which has recently opened an office in the country.

By what seems like a cruel twist of fate, the grounding of the country’s largest airline coincided with provisional construction approval for India’s largest (by surface area) airport at Jewar in Noida.

The Indian diaspora has called for setting up of Indian banks and improve credit lines as New Delhi explores avenues for expanding trade with the African region.

The India data center market size is projected to reach US$1.5 billion by 2022 from US$1.0 billion in 2018, growing CAGR of 11.4% during the forecast period (2018-2022).

Global payment company, Mastercard, plans to invest additional US$1 billion in the Indian market, nearly a third of which will be for a payments processing node that would be linked to its global network.