Investment

10 banks to manage $8bn IPO A strong investor response is expected to the Government's sale of 5% in Life Insurance Corporation (LIC) worth about Rs.63,000 crore or about US$8 billion, the biggest initial public offer (IPO) in India. The...

143 applicants selected for Rs.10,900cr PLI scheme International food groups from Belgium, France, the Netherlands, the United Kingdom and Singapore led the US$10.88 billion foreign direct investment in the Indian food processing sector between April 2000 and November 2021, says...

Global markets have grown to become a US$110b opportunity for virtual event, says Jain Event-led engagement platform Airmeet of Lewes, Delaware, says existing investors Sequoia Capital India and Accel India were joined by new investors Prosus Ventures, Sistema Asia Fund,...

Yurimoto sees Bugworks invents new molecules to treat worst infections and cancers Bugworks Research, a clinical stage multi-indication therapeutics company, says US$18 million Series B1 funding was led by Lightrock India and included existing investors The University of Tokyo Edge...

Casey sees Livspace extends it leadership in new markets and broaden offerings Global investor KKR & Co. Inc. (NYSE: KKR) is leading a US$180 million Series F fundraising, along with existing investors Ingka Group Investments (part of largest IKEA retailer...

Narendran noted that the budget resonated with the current needs of the nation The first of two-goal strategy is to support the economic revival and recovery as well as build the infrastructure of the 21st century for a modern India....

Akash Ambani says Jio-TWO to expedite development of interactive AI, immersive gaming and metaverse Jio Platforms Limited is investing US$15 million in Two Platforms Inc., a Pranav Mistry-founded Silicon Valley-based deep tech Artificial Reality startup focused on building interactive and...

As Europe adopt medical cannabis, the ability to leverage and access newer geographies will be key, says Aghanian Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY) has entered into a definitive agreement to acquire Nimbus Health...

Patel looks for product collaboration with other companies California-headquartered APNAR Pharma LP, with manufacturing centres in Gavasad, Gujarat, and East Windsor, New Jersey, has acquired Aurex Laboratories for an undisclosed amount. This acquisition enhances APNAR's capabilities, scale, and global footprint...

Globally, 1 in 3 consumers have begun using digital payments in 2021, says Kawar Dubai-headquartered Qlub, which has launched its ultra-fast payment solution in the United Arab Emirates, Saudi Arabia and India, has raised US$17 million in seed financing from...