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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102787) | |
21741. Dream11 in talks to raise $50 million in fresh fundraising round
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Business Today
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- Fantasy sports unicorn Dream11, which has bagged the title sponsorship rights for the 2020 edition of Indian Premier League (IPL), is reportedly in talks with various private equity (PE) and venture capital (VC) firms to raise $50 million (Rs 375 crore), as per its communication to its investors.
- On August 18, Dream11 emerged as the highest bidder for IPL 2020 title sponsorship with a bid of Rs 222 crore. The company outbid online education platforms Byju's and Unacademy to emerge on top, which submitted a bid of Rs 201 crore and Rs 170 crore, respectively.
- Dream11 will pay BCCI Rs 222 crore for the rights, which is nearly half the amount (440 crore) that Chinese smartphone maker Vivo was paying.
21742. Govt eyes Rs 65,000 crore investment in over 200 economic zones
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Times Of India
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- The government has prepared a plan to attract investment of nearly Rs 65,000 crore in more than 200 economic zones in the next five years, according to a proposal made under the National Master Plan for providing multi-modal connectivity to various economic zones.
- The road, railways, shipping and civil aviation ministries have prepared a detailed connectivity roadmap for these economic zones such as food and agro zones, fishing and defence clusters, electronic, textile and pharmaceutical parks.
- Three big industrial areas at Krishnapatnam in Andhra Pradesh, Tumkur in Karnataka and Dadri in Uttar Pradesh have been identified under this plan as well.
21743. Nesco plans over Rs 2,000 cr investment on business expansion in 5-7 years
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
Maharashtra
The Economic Times
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- Diversified firm Nesco has said it is planning to invest over Rs 2,000 crore in the next five to seven years to foray into the hospitality segment as well as expand its existing IT space offerings and add new exhibition centres.
- The company, which is into real estate, exhibition centre, food and beverages (F&B) and engineering businesses, is also planning to set up a convention hall at its Nesco Centre in Goregaon in suburban Mumbai.
- "We have two operational IT buildings and we are in the process of getting the approvals for the third one and plan to start the construction by 2021. The estimated budget for the project is Rs 1,800 crore for total 46 lakh sq ft of development, which will include office space, amenities, F&B area as well a 300 room four-star business hotel," company''s chairman Sumant Patel told PTI.
21744. 69 firms allotted land near Jewar airport during pandemic, investments of over Rs 2,300 cr expected
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
English
Japan
The Economic Times
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- Notwithstanding the COVID-19 outbreak, 69 firms were allotted industrial land near the upcoming Jewar airport between May and July, with officials expecting investments of over Rs 2,300 crore and creation of over 86,000 jobs in the region. These firms have been allotted 146.50 hectares of land during the three-month period when economic activities largely remained curtailed due to the pandemic, according to Yamuna Expressway Industrial Development Authority (YEIDA) officials
- The maximum allotments were made during July when 44 firms were allotted 83.27 hectares of land with a proposed investment of Rs 786.93 crore and an expected creation of 53,763 jobs, he added.
- Sector 29 is being developed for an Apparel Park project which will house several firms dealing in readymade garments, according to the officials. Meanwhile, work is underway for the first phase of the international Greenfield Airport in Jewar which will be spread over 1,300 hectares and start functioning after two years.
21745. Odisha showcases business opportunities at India-Japan investment forum virtual conference
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
Japan
The Times Of India
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- With an eye on Japanese investment in Odisha, the state government highlighted the business opportunities in the state at the India-Japan investment forum virtual conference organized by the Indian Chamber of Commerce (ICC).
- Joining the meeting, state industries minister Dibya Shankar Mishra said the state has many advantages such as stable governance, state-of-the-art industrial infrastructure, abundant natural resources and strategically placed coastline to attract investment from global investors.
- “To attract investors from Japan, the state government has also offered investment-ready land spread over 3.53 square km near Bhubaneswar. The particular land parcel is a plug-and-play industrial land with a dedicated research lab, dormitories for employees and other facilities required for new industrial projects,” State industries secretary Hemanta Sharma
21746. Indian Army holds event to promote 'Make-in-India' initiative in defence technology
Make in India / Atmanirbhar
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‘Make in India – Defence Sector
English
Jammu and Kashmir
Deccanherald
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- The Army organised 'Northern Command Equipment Display 2020' in Udhampur district of Jammu and Kashmir in its effort to promote Make-in-India initiative in defence technology, a defence spokesman said.
- Chief of Staff, Northern Command, Lieutenant General C Bansi Ponnappa inaugurated the event which was attended by defence industry experts from different parts of the country, including Delhi and Bengaluru, he said.
- The display not only served to showcase cutting edge technologies and innovative products to meet the complex challenges faced by security forces in Northern Command, but also acted as an ideal platform for mutual exchange of ideas between the Indian...
21747. CM seeks Japanese firms to invest in exclusive industrial township set up for them
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
Japan
The Economic Times
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- Chief Minister BS Yediyurappa on Wednesday sought investment from Japanese investors in the 519-acre exclusive industrial township set up only for Japanese investors at Vasanthanarasapura in Tumakuru district, about 88-km from Bengaluru.
- The township is complete with all the necessary infrastructure including roads, power and water supply, the chief minister addressing the Indo-Japan Business Forum. Foreign direct investment (FDI) from Japan to India increased from $ 1.6 billion in 2017-18 to $ 3.2 billion in 2019-20, Yediyurappa said, describing Japan as an important partner for Karnataka.
- Japan External Trade Organisation (Jetro) has established a start up hub in Bengaluru to identify Indian start-ups for the Japanese market.
21748. India's target to gasify 100 MT coal to entail investment of over Rs 4 lakh cr: Joshi
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Economic Times
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- India's target to gasify 100 million tonnes of coal by 2030 will entail an investment of over Rs 4 lakh crore, Coal Minister Pralhad Joshi said . This 100 MT coal gasification will happen in three phases. In the first phase -- from 2020-2024 -- 4 million tonnes (MT) of coal will be gasified and around Rs 20,000 crore will be invested for the same.
- In the second phase -- from 2020-2026 -- 6 MT of coal will be gasified which will involve an investment of Rs 30,000 crore. In the third phase -- from 2022-2030 -- 90 MT of coal will be gasified and Rs 3.6 lakh crore will be invested for the same.
- Coal India also plans to set up at least three gasification plants (besides Dankuni) on build, own, operate (BOO) basis through global tendering and has signed pact with GAIL for marketing synthetic natural gas.
21749. This banking intelligence startup is making due diligence and onboarding simpler for banks and NBFCs
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Mumbai-based Karza Technologies is an analytics, business intelligence, and automation platform that aggregates and analyses information to provide onboarding, due diligence, monitoring, and skip tracing solutions for the BFSI sector.
- Keen to change this, college friends Omkar Shrihatti and Gaurav Samdaria in 2015 started business intelligence solution provider Karza Technologies in Mumbai.
- Karza focuses on minimising inefficiencies in the BFSI ecosystem using Big Data and AI. The core problem it solves for includes scattered and unstructured data. The platform collects information from all available scattered data and identifies relevant sets. The data is stitched in one place using a unique identifier, the Karza ID. The dashboard allows clients to view the data in an easy, consumable manner.
21750. Bengaluru Startup’s ‘Charzer’ Lets Electric Bikes Charge in Stores For Rs 25/Hour
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- By the end of October 2020, 100 IoT-powered electric vehicle charging stations will go live in Bengaluru, thanks to ‘Charzer’.
- By the end of October 2020, 100 IoT-powered electric vehicle charging stations will go live in Bengaluru thanks to ‘Charzer’, a startup established by Sameer and his team in February 2020. Called Kirana Charzers, the Bengaluru-based startup claims these low cost, compact and low maintenance EV charging stations can be installed at small shops and by individuals, which will allow them to earn an additional source of income.
- The startup began developing the Kirana Charzer in the middle of last year. After months of research and developing prototypes, they launched the Kirana Charzer in February 2020 at MOVE, a global platform for major players across the transport industry, in London.