Investment

MBDA offers Brimstone A Tornado GR4 fitted with the Brimstone Missile. International missile manufacturer, MBDA, is in discussion with the Indian Air Force regarding a number of potential capabilities. Following its success in operations, MBDA’s Brimstone, an incomparable air support...

Startups: next economic force  Sitharaman delivering the inaugural address at the Start Up India States’ conference, in New Delhi on July 23, 2016.   Startups are the next big economic force in India driven by a young and diverse entrepreneurial...

Malaysia's US$3bn investment Eight Malaysian companies will invest US$3 billion in seven sectors, including renewable energy and biodiesel, in the Indian state of Andhra Pradesh, reported the Malaysian national news agency, Bernama. The companies are Malaysia Biodesel Association, Protasco Bhd,...

The return of public banks Vinod Rai - public banks to commence lending to infra projects. An accelerated process of resolving stressed assets of India’s public sector banks has commenced, preparing them to bounce back into the infrastructure financing in...

Silicon Valley invited   Gadkari visiting the Tesla electric car manufacturing unit, in San Francisco on July 15, 2016, and invited TiE members to participate in "Start-ups India". Minister of Road Transport, Highways and Shipping Nitin Gadkari has invited Silicon...

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...