Investment

BM-SEAL-11 investment to diversify India’s crude oil supply The Cabinet Committee on Economic Affairs (CCEA) has approved US$1.6 billion (about Rs.12,000 crore) additional investment by Bharat Petro Resources Ltd (BPRL) for development of BM-SEAL-11 Concession Project in Brazil, saying it...

Dobrzycki will support the sustainable growth of Indian economy Panattoni, one of the largest industrial real estate developers in the world, is to invest US$200 million in two to three industrial and logistics parks in India by the end of...

RAMP programme to help MSMEs increase access to market, credit, technology A World Bank supported Rs.6,062.45 crore (US$808 million) Raising and Accelerating MSME Performance (RAMP) scheme will help Micro Small and Medium Enterprises (MSMEs) in improving access to market and...

TIDCO has lined up Rs.11,359cr from 42 industries for TNDIC The Uttar Pradesh Defence Industrial Corridor (UPDIC) has secured Rs.10,545 crore investment commitments under 69 Memorandum of Understanding (MoUs) with industry. Giving this update in Lok Sabha on 22 July...

Daimler Truck Innovation Center received 35% of $343.65m FDI Equity Singapore was the top investing country in the Indian R&D during Calendar Year 2021 with 40% share of US$343.64 million FDI Equity inflow, Ministry of Commerce and Industry said on...

ReNew has announced Buyback of Class A shares The Competition Commission of India (CCI) has approved increase in proportion of voting rights held by Canada Pension Plan Investment Board (CPPIB) in Gurgaon's ReNew Energy Global plc (NASDAQ: RNW). This is...

Mobile-first credit card brand is valued over US$1.4 billion Singapore-based Temasek Holdings’ MacRitchie Investments has invested US$48 million in Pune-based OneCard’s parent FPL Technologies which has closed its Series D funding round of over US$102 million. Matrix Partners, QED Investors,...

Firms with 60% of digital workload are a small fraction of PE deals Only 20% of all investments made in Tech Services assets were in truly digital assets, according to a study, adding that the rest were packaged as “Digital...

Tata-SIA JV focused on growing footprint in India and globally, says Maru Standard Chartered has successfully closed the debt financing of one new Airbus A320neo aircraft with Vistara, a joint venture between the Tata group and Singapore Airlines (SIA) which...

Global clients demand for Indian talent is growing, says Leigh Canadian fund OMERS-backed AMS, a talent outsourcing and advisory services from the United States, has acquired Mumbai’s FlexAbility, citing growing demand from global clients for Indian talent. The acquisition reinforces...