Investment

Wipro reaches out to Brazil Wipro Ltd. (NYSE:WIT, BSE: 507685, NSE: WIPRO) has signed an agreement to acquire Brazil’s InfoSERVER S.A. for US$8.7 million. The agreement was signed on January 25, 2017. Two-decade old InfoSERVER, which counts some of the...

PSA-Birla JV France’s #PSA Group (Bourse: UG) has signed a Joint-Venture Agreements #CK Birla Group to Produce and Sell Vehicles and Components in India by 2020. The agreements, to “Be Indian in India”, will make an initial investment close to...

NHAI raises Rs.8,500cr The #National Highway Authority of India (NHAI) has raised Rs.8,500 crore for road expansion and bypass projects. The funds are raised from #Life Insurance Corp of India (LIC) for 30 years at an interest rate of 7.22 per...

French car plan #Peugeot and #Citreon manufacturer #PSA Group has signed a joint venture agreement with #CK Birla Group in a move to re-enter the Indian market, reported French publication #Les Echos. PSA left India in late 1990s, ending its...

Tata leads Durg Bypass Indian government to monetize 75 highways. #Tata Realty and Infrastructure Ltd (TRIL) has taken majority stake in the Chattisgarh-based Durg Bypass road project for Rs.800-850 crore, a first of its kind deals for attracting foreign funds....

RIL to raise US$2.25bn Indian conglomerate #Reliance Industries Ltd (RIL) is in talks to raise US$2.25 billion from offshore markets to replace existing high-cost borrowings as well as build a war chest for telecom business expansion. At least 10-12 investment...

India specific LNG index A spot pricing index for the Indian and Middle East liquefied natural gas (LNG) markets is expected in the second quarter of this year. The new index, expected to be launched in the second quarter of...

MSMEs investment opportunities Investors will have good opportunities to invest in Indian Micro, Small and Medium Enterprises (MSMEs) following the demonetization process which has left many of these businesses cash-strapped. There will be a lot more candidates seeking fresh investment...

Shriram Transport's masala bond #Singapore Exchange (SGX) has welcomed the inaugural rupee-denominated or Masala bond listing of #Shriram Transport Finance Company, an Indian provider of financing for commercial vehicles with network across the country. Shriram Transport raised Rs.4.75 billion through...

Incentives for Electronics The #Union Cabinet has given its approval for amendment in the #Modified Special Incentive Package Scheme (M-SIPS) to further incentivize investments in #Electronic Sector and moving towards the goal of “Net Zero imports” in electronics by 2020....