Investment

Welspun Renewables, India’s leading renewable energy generator, has received another round of funding of US$617 million through a combination of debt and equity infusion by the promoters, existing and new investors. Mr. Vineet Mittal, Vice Chairman Welspun Renewables said, “The...

Axalta Coating Systems, a leading global supplier of liquid and powder coatings, is expanding its presence in India, doubling production capacity and construct an automotive OEM coatings development laboratory at its operations center at Savli in Gujarat State. The added...

Chinese heavyweight Alibaba Group Holding Limited and its financing company, Ant Financial Services Group, have agreed to make a strategic investment in Paytm, India’s largest mobile payment & commerce platform. Alibana and Ant Financial have signed an agreement with One97...

Sweden’s AarhusKarlshamn (AAK) has acquired 51 percent of the shares of Kamani Oil Industries Pvt Ltd, one of the leading speciality and semi-speciality oils and fats companies in India. The company had revenues of approximately SEK 1,000 million last year,...

A.M. Best has revised the outlook to stable from positive and affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of United India Insurance Company Limited (UIIC). The underwriting performance of UIIC has improved...

Interview: For over 75 years, Boeing commercial aircraft have flown the Indian skies. Tata Airlines operated a DC-3 aircraft in India and since then, with the 707, 747, 757Freighter, 777, 737 and the game-changing 787 Dreamliner, Boeing has been the...

K2 Global, led by pioneering Singapore-based investor Ozi Amanat, is showing the way in making strategic investments in technology companies in India, China and the United States, particularly those on the verge of making Initial Public Offers, or IPOs. Amanat...

Blackstone-managed private equity funds have entered into a definitive agreement with Serco Group Plc to buy the majority of its private sector Business Process Outsourcing (BPO) operations, the main element of which is the former Intelenet business in India. The...

Singapore’s Asia Competitiveness Institute (ACI) is working on a business model for Indian states to enable them to compete with South East Asian investment destinations. The ACI, a think tank of the Lee Kuan Yew School of Public Policy, will...

India’s leading technology venture capital firm IDG Ventures India said Mr. Ratan Tata, Chairman Emeritus of Tata Sons, has joined their advisory board as a Senior Advisor. Speaking on this occasion, Sudhir Sethi, Founder & Chairman of IDG Ventures India...