Have reservations about cost escalation of Zojila Tunnel: Nitin Gadkari
The 14.2 km long tunnel which has been languishing for a few years now, has seen cost escalation to the tune of around Rs 1,600 crore after it was stranded by IL&FS Transportation Network, the road development arm of crisis-hit Infrastructure Leasing & Financial Services (IL&FS).
EduTech company Eupheus nets $4.3 million
The company said it has expanded to 70 cities as of the first half of the current fiscal year, apar...
Realty fund of Rs 12,500 crore may be fully deployed in two years
The fund has already given its final approval for 2 projects — one each fro...
Kerala CM announces wage subsidy scheme for new ventures
“The investment climate prevailing in the state is most conducive. This is especially significant at a time when certain parts of the country and the world are in the grip of tension and anxiety. Here is an ideal destination where investment can be made in diverse sectors without having any tension or anxiety,” the chief minister said.
T-Hub, LetsVenture announce first batch of startups for T-Angel
The batch will undergo regular interventions through boot camps and dedicated mentoring to build a strong investment case, which will also help them to raise capital.
Battery storage, smart grid and efficiency companies raised over $536 million through venture capital in 2019
Log 9 Materials, a developer of aluminum fuel cell technology – raised $3.5 million from Exfinity Venture Partners and Sequoia Capital India while, LivGuard Energy Technologies - an automotive products to batteries company - raised $32 million from ChrysCapital and Ncubate.
Warburg-Runwal joint venture names Vrushank Mehta as new CIO
The New York-based private equity major Warburg Pincus LLC is sharpening its focus on India growth and the firm’s $1-billion retail investment joint platform with Runwal Group has appointed a new Chief Investment Officer to help drive expansion.
Home appliances maker Godrej Appliances is going to venture into small kitchen appliances space
The company’s business head Kamal Nandi said kitchen appliances products will be sold under the Godrej brand itself. The company has just ventured into air coolers and is now going to create a new channel of stores which sell air coolers and kitchen appliances.
Mamaearth’s parent company gets Rs 130 crore
The company has raised Rs 162 crore since inception. ET had earlier reported that Mamaearth was in talks to raise $10 million from Sequoia Capital.
Blackstone forms joint venture with Hiranandani for logistics foray
Though this venture, both the entities will be investing over Rs 2,500 crore initially to develop the 12 million sq ft industrial and warehousing assets portfolio of Hiranandani’s logistics venture GreenBase and additional assets built up coming through acquisitions of land or warehousing assets in other locations.
JJV and BDL sign MoU to explore co-production of Javelin anti-tank missile system
Javelin is an anti-tank guided missile system that can be carried and launched by a single person. The agreement was signed between JJV and BDL on Thursday here at DefExpo, India's biennial defence exhibition.
Startups need to think of opting for IPO: Kris Gopalakrishnan
Gopalakrishnan said India today has one of the most advanced fintech ecosystems, which even the US is also looking to implement. He also suggested creation of a database of viable businesses leveraging local strengths and ecosystem.
Religare Enterprises to divest stake in arm RHICL to Kedaara for Rs 200 crore
Shares of Religare Enterprises were trading at Rs 45.95 apiece on BSE in morning trade.
Sebi issues performance benchmarking guidelines for AIFs
A template for Private Placement Memorandum in the case of these funds has also been issued.
Reliance to venture in e-commerce with Jio Mart, initial roll-out in Mumbai
MUMBAI: Reliance Industries, India’s biggest company by market value, has started its web portal Jiomart, harnessing the might of its two la...
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service