Investment

Swiggy, an online food-delivery platform in India, is expanding services supported by the hefty US$1 billion investment from South African media group, Naspers.

A cost of Rs.12,134 crore has been approved for the Ministry of Railways’ planned 100% electrification of Broad Gauge (BG) routes and accordingly work for electrification of balance BG routes of 13,675 Route Kilometer.

Melbourne’s Propanc Biopharma, Inc. said its foundation patent application has been granted by the Office of the Controller General of Patents, Design and Trademarks in India, a market of US$50 billion by 2020.

Swedish home furnishing group, IKEA, is planning to invest Rs.5,000 crore for setting up large and small format stores in the Uttar Pradesh.

Ernst & Young has acquired Pune-headquartered Fortune Cookie UX Design, digital capabilities to its service. The deal value was not disclosed.

Institutional framework, road map and budgetary outlay are being finalized of the first prototype of the 14 Coastal Economic Zones (CEZs) that have been proposed under the National Perspective Plan (NPP) of Sagarmala Programme.

In a bid to tap into the 50 million Indian tourist market by 2020, Paris-listed Europcar Mobility Group has formed strategic Alliance with ECO Rent a Car in India.

The Commerce Ministry is working on a comprehensive strategy to boost the Micro, Small and Medium Enterprise (MSMEs) sector by granting new patents in record time.

The Indian Space Research Organisation’s (ISRO) Geosynchronous Satellite Launch Vehicle (GSLV-F11) has launched the communication satellite GSAT-7A from the Satish Dhawan Space Centre (SDSC) in Sriharikota on 19 Dec 2018.

Shell Eastern Petroleum (Pte) Ltd has signed an agreement to acquire a 49% interest in Cleantech Solar, a leading developer, owner, and operator of commercial and industrial solar energy systems in Southeast Asia and India.