Investment

Finnish innovation in India Source: Tekes. Finnish funding innovation in India. Finnish innovation funding agency, Tekes, will support compatriot companies’ participation in the Indian market by funding innovative initiatives, its director Kari Hiltunen has said. The 35-year old agency is...

JV offers for electric car Gadkari testing Tesla electric car in San Francisco on July 15, 2016. Minister of Road Transport, Highways & Shipping Nitin Gadkari has offered to promote joint ventures between the global electric car manufacturers and the...

Creditexchange snares seed-round Aditya Kumar's Creditexchange has developed a hybrid, fully regulatory-compliant model. Creditexchange, India’s first hybrid digital consumer loans platform and institutional marketplace, has raised an undisclosed amount of funding from Kuber Financial as part of its US$500,000 seed-round....

ADB's US$100m for Vennar-Cauvery ADB's US$100 million signed for Vennar-Cauvery project The Indian government and the Asian Development Bank (ADB) has signed a US$100 million loan agreement to strengthen key irrigation and drainage system and improve water management in the...

NBCC's 15% divestment approved NBCC's project New Market, Imphal. The Cabinet Committee on Economic Affairs has approved the disinvestment of 15% paid up equity of National Buildings Construction Corporation Limited (NBCC) out of Government's 90% shareholding. It would generate estimated Rs.1,706...

Consumer driven demand, says DBS The Indian economy expanded 7.6% YoY in FY15/16 (Apr-Mar) from 7.3% the year before. Despite the improvement, recovery was uneven. On the positive side, growth was driven by consumption spending (primarily urban demand) and public...

INR223.25 crore FDI approved Source: Corona. INR118 crore FDI approved. The government has approved three Foreign Direct Investment (FDI) proposals involving INR223.25 crore for Corona Remedies, Cydista Ltd., Mauritius, and Ordain Health Care Global. Corona Remedies Private Limited, a pharmaceutical...

Singapore snares 17 M&As Source: GMR. Attractive M&A assets include power plants. Seventeen merger and acquisitions (M&As) involving Singapore and Indian companies were concluded in the first half of this year, according to a report Duff & Phelps, an independent...

Axis seeks investment Source: Axis Bank. The government has approved increase in foreign investment in Axis Bank Ltd’s from the current 62 per cent to 74 per cent on a fully fungible basis. The Cabinet Committee on Economic Affairs (CCEA)...

Pursue FTA with UK A Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) brings to the fore the concerns of India Inc. over the possible near term impact of ‘Brexit’ on Indian business and the economy, but...