Investment

India Life Sciences Fund has raised US$250 million for its third growth capital fund for the healthcare and pharmaceutical sector from America and European Investors.

Petroleum & Natural Gas Ministry has received overwhelming response to Discovered Small Fields (DSF) Bid Round-II with 145 e-bids submitted by 39 companies for 24 contract areas on offer which includes 58 oil/gas discoveries.

Thane’s Ducon Infra-technologies Limited continues to submit new bids and revise previously submitted proposals for its Flue Gas Desulfurization (FGD) systems required for power plants and industrial boilers.

Vedanta Resources Ltd has committed another Rs.60,000 crore investment in India in the next three years and Rs.8,500 crore to expand its mining and allied operations in South Africa.

The Indian solar power market is expected to post more than 38% CAGR during 2019-2023, according to a research report which sees India importing cheaper solar panels from China.

Tata Steel has signed an agreement to sell 70% stakes each in its two steel mills in Singapore and Thailand for US$480 million as a strategic to exist non-core markets and focus on fast growing demand in the home market.

With an increasing number of new car manufacturing announced in India, the automotive industry will remain the main driver of the increasing number of robot installations.

Regulator Securities and Exchange Board of India (SEBI) has granted the India International Exchange Ltd (INX) unit Qualifying Central Counterparty (QCCP) status.

Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Agreement (MoA) with Haryana Government to set up Japan-India Institute for Manufacturing (JIM), a model ITI at Uncha Majra village in Gurugram district.

Foreign Direct Investment (FDI) increased by Rs.433,300 crore to Rs.2,824,600 crore in March 2018 at market value, said the Reserve Bank of India from its data on "Consensus on Foreign Liabiliites and Assets of India Direct Investment Companies 2017-18".