Investment

New subsidiary to engage in lending, investing and offering other financial services REC Limited says its wholly-owned subsidiary in International Financial Services Centre (IFSC) - Gujarat International Finance Tec-City (GIFT), Gandhinagar, is to diversify its portfolio and explore new avenues...

Bengaluru company resolved to achieve ambitious growth targets Bengaluru-headquartered Canarys Automations Limited (NSE – Canarys) is set to embark on an inorganic growth strategy by entering into a non-binding agreement to acquire a controlling interest in a distinguished software services...

Prominent investors back Series A funding round Assert AI, India’s largest Computer Vision SAAS company, says Rs.30 crore (US$4 million), raised from Series A funding round, is for expansion further into key Western markets. The company said it plans to...

Yadava appreciates Indian ways of working with cost-efficient and tech savvy approach With increasing Japanese investments set to support industrial and infrastructure development in India, Japan’s small and medium enterprises are widely expected to move into the world’s fastest growing...

Thakkar calls for more work on blending capital for global prosperity Blended finance activity is increasing across South Asia, especially India being the most frequent destinations for receiving such investments in the region, says Joan M. Larrea, CEO of Convergence,...

CCI approves internal restructuring PAMP Technologies-MMTC PAMP The Competition Commission of India (CCI) has approved on 16 Apr 2024 acquisition of stake in PAMP Technologies (India) Private Limited and MMTC PAMP India Private Limited by PAMP Ventures SA of Switzerland....

Indian manufacturers expand scope of businesses The Competition Commission of India (CCI) has on 16 April 2024 approved the acquisition of additional shareholding of Thyssenkrupp https://www.thyssenkrupp.com/en/home Industries India Private Limited (Target) by Protos Engineering Company Private Limited of Mumbai and...

VitusCare to deliver high-quality, patient-centric care Tomorrow Capital, a US$100 million Mumbai-based operating venture capital fund, has invested US$2.7 in VitusCare, a leading kidney care startup based in Gurgaon, demonstrating its commitment to addressing chronic healthcare challenges in India. Tomorrow...

Hima Parvataneni helping customers overcome hardship of managing multiple vendors Hyderabad-based Navata Supply Chain Solutions says its successful closure of Pre-series A funding led by Equanimity Ventures will fuel its mission to revolutionise India’s supply chain industry.  Founded in 2020,...

Agarwal says fund for connecting billions of lives across the world STL (NSE: STLTECH), a leading optical and digital solutions company, has raised Rs.1,000 crore through a Qualified Institutional Placement (QIP) route, participated by highly reputed global and Indian investors....