Advertisements The Board of Directors (Board) of Poonawalla Fincorp Limited (PFL), a non-deposit taking systemically important NBFC focusing on consumer and small business finance, today announced its audited results for the year ended Mar 31, 2022. Performance Highlights (Consolidated) • Assets… Read More ›
Private Equity in India
PE Inflows Jump 15% In 2021 To Record USD 40 Bn
Advertisements Private equity investments hit a record high of USD 40.1 billion in 2021, an increase of over 15 per cent from the previous year, led by a USD 3.6 billion flow into Flipkart and USD 1.93 billion into Bundl… Read More ›
Microtek To Invest INR 500 Cr To Boost Electric Product Business
Advertisements Power appliance maker Microtek is planning to invest ₹ 500 crore to boost its electric product business over the next one year, according to company officials quoted in a PTI report. The company will primarily make investments in research and development… Read More ›
GLOBAL MARKETS-Wall Street tipped to open modestly firmer after U.S. payrolls miss
Advertisements Wall Street futures moved higher and bond yields slipped on Friday, though moves were modest as an underwhelming U.S. monthly jobs print did not shake conviction that the Federal Reserve would proceed with a faster stimulus unwind Nonfarm payrolls… Read More ›
Mining Player Tega Industries Raises INR 186 Cr
Advertisements Tega Industries, which offers solutions to marquee global clients in the mineral beneficiation, mining and bulk solids segments, has garnered Rs 185.77 crore from anchor investors ahead of its initial share sale that opens for public subscription on Wednesday…. Read More ›
SoftBank Says Could Invest Another USD 5-10 Bn In India In 2022 If It Finds Right Cos
Advertisements SoftBank, which is among the prominent investors in the Indian tech startup ecosystem, could invest another $5-10 billion in the country in 2022 if it finds the right companies at the right valuation, according to SoftBank Investment Advisers CEO… Read More ›
Amazon Infuse INR 1,000 Cr Into Amazon Pay
Advertisements Amazon has infused Rs 1,000 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm. The… Read More ›
New USD 143 Mn investment to restore Great Green Wall ecosystems and increase climate resilience in the Sahel
Advertisements A new US$143 million investment programme will ensure millions of the most at-risk rural people living in the Sahel region of West Africa can adapt to climate change, with a wide-reaching plan to restore degraded land and provide climate… Read More ›
India eyes USD 700 billion investments to boost urban infrastructure
Advertisements Kunal Kumar, Joint Secretary and Mission Director (Smart Cities Mission), Ministry of Housing and Urban Affairs, Government of India, today said that India needs around USD 700 billion of investment from 2021 to 2031 to boost its urban infrastructure… Read More ›
Kotak Mahindra Bank arm to invest INR 1,000-cr in Sify’s datacenters biz
Advertisements A distressed assets focused fund promoted by a Kotak Mahindra Bank arm on Monday announced a Rs 1,000-crore investment in the data centrebusiness of Sify Technologies. The investment in SifyInfinit Spaces will help the company invest up to Rs 4,000 crore in building data… Read More ›