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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102500) | |
22331. Paytm in funding talks with Microsoft to build war chest
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Times Of India
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- Digital payments firm has held talks with US technology giant, Microsoft for fresh funding as the company looks to boost its war chest to fight growing competition in the sector, two people in the know said.
- The proposed fund raise, which may amount to around $100 million (Rs 760 crore), is likely to be an extension of a planned $1-billion (Rs 7,600 crore) fundraising that the company had initiated last year, people briefed on the matter told ET.
- The proposed fund raise, which may amount to around $100 million (Rs 760 crore), is likely to be an extension of a planned $1-billion (Rs 7,600 crore) fundraising that the company had initiated last year, people briefed on the matter told ET.
22332. Surge backs seven Indian startups in the third batch
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- Surge is a 16-week accelerator programme, wherein startups receive scaleup support, along with $1-2 million in capital.
- Since its launch in March last year, Surge has grown into a community of more than 110 founders from 52 startups. Sequoia Capital ’s accelerator fund ‘Surge’ has backed 15 across India and Southeast Asia, at a time when new deals globally are far and few.
- The $200-million fund, led by former Google top executive Rajan Anandan, has made seven investments in the country across sectors in its third batch, taking its overall Surge portfolio to 52 startups.
22333. India stepped up as leader in fight against coronavirus, says US congressman
Indian Diplomacy
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Economic and Medical Support to Other Countries
English
India
India Tv
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- The Republic of India is one of the America’s closest and most important allies.
- An influential US Congressmen has said that India has stepped up as a leader in the fight against coronavirus, applauding New Delhi for providing the US with vital supplies such as mass quantities of Hydroxychloroquine.
- An influential US Congressmen has said that India has stepped up as a leader in the fight against coronavirus, applauding New Delhi for providing the US with vital supplies such as mass quantities of Hydroxychloroquine.
22334. Walmart to hire 2800 employees in India this year
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Times Now
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- Walmart is planning aggressive hiring in India. The US-based retail giant, Walmart has large operations in the country. The company is the biggest shareholder of Indian e-commerce leader, Flipkart.
- Walmart is planning to hire software professionals for its tech arm, Walmart Labs India. It has plans to hire over 2800 new employees this year.
- Walmart Labs India has development centres in different parts of the country. It has around 3,500 people in the Bengaluru office. The company plans to add another 2,000 techies for Bengaluru location.
22335. Saudi, American firms eye stakes in Reliance's Jio
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- Three deals in three weeks injected a combined $8 billion in the group and help it pare its debt. Two more firms are eyeing a share of Reliance Industries Ltd's $65-billion digital unit Jio Platforms. US private equity firm General Atlantic is considering investing about $850 million to $950 million in the Mumbai-based company.
- The deal could be completed as soon as this month. Though no agreement has been finalized and plans may change. Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio. Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks.
- The conglomerate cut a $5.7 billion deal with Facebook for a 9.99% stake in Jio on April 22 and a few days later, it secured a $750 million investment from private equity firm Silver Lake. Together the three deals will inject a combined $8 billion in the telecoms-to-energy group and help it pare its debt.
22336. Apple may take a bigger bite of India’s manufacturing pie
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- Several meetings between Apple’s senior executives and top ranking government officials over the last few months have paved the way. iPhone maker examining the possibility of shifting nearly a fifth of its production capacity from China to India.
- It will scale up its local manufacturing revenues, through its contract manufacturers, to around $40 billion over the next five years. If this happens, iPhone maker could become India’s largest exporter, say experts. Officials in the government say they will look into all the concerns as the Centre is focussed on bringing hitech manufacturing to India.
- Prime Minister Narendra Modi met top executives of Apple, Samsung and homegrown phone maker Lava on December 28 last year, which kick-started the process.
22337. General Atlantic to invest Rs 6,598.38 crore in Jio Platforms
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- Several Private equity firm General Atlantic will invest Rs 6,598.38 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
- This will be fourth investment in Jio Platform following those of Facebook, Silver Lake and Vista Equity Partners.
- Jio Platforms has raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake, Vista Equity Partners and General Atlantic in less than four weeks
22338. जियो में इन्वेस्टर्स की लगी लाइन, माइक्रोसॉफ्ट भी 2 अरब डॉलर निवेश की बना रही योजना
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
Hindi
India
NBT
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- कोरोना संकट काल का इस्तेमाल मुकेश अंबानी ने अपनी कंपनी को नेट डेट फ्री करने की दिशा में किया। पांच सप्ताह के भीतर जियो को पांच निवेशक मिले और इन निवेशकों ने कंपनी में 10 अरब डॉलर (75 हजार करोड़ रुपये के करीब) निवेश किया। ताजा जानकारी के मुताबिक माइक्रोसॉफ्ट भी जियो में 2 अरब डॉलर (15 हजार करोड़ रुपये) निवेश कर सकती है। इस डील को लेकर फिलहाल बातचीत चल रही है।
- 2.5 फीसदी हिस्सेदारी खरीद सकती है माइक्रोसॉफ्ट- सूत्रों के हवाले से खबर है कि माइक्रोसॉफ्ट डिजिटल पेमेंट सर्विस स्पेस में निवेश की संभावना खोज रही है। रिलायंस जियो में कंपनी 2.5 फीसदी हिस्सेदारी खरीदने में इंट्रेस्टेड दिख रही है।
- फरवरी में माइक्रोसॉफ्ट के सीईओ सत्या नडेला ने कहा था कि वह रिलायंस जियो के साथ डेटा सेंटर बिजनस में पार्टनरशिप करना चाहते हैं। जियो माइक्रोसॉफ्ट के अजूरे (Azure) क्लाउड सर्विस के साथ पूरे देश में डेटा सेंटर स्थापित करना चाहती है। जियो का यह प्लान अपने एंटरप्राइजेज क्लाइंट्स के लिए है।
22339. Abu Dhabi state fund in talks to invest $1 billion in Jio Platforms: Report
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Mint
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- Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries' digital unit Jio platforms, three sources said .
- Jio Platforms, which houses music and movie apps as well a Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month.
- Reliance did not immediately respond to a request for comment. "Clearly Jio's platform is attracting a wide range of world-class investors, given its enormous potential to serve one of the world's largest marketplaces," Mubadala said in an email to Reuters.
22340. America's DFC to invest $350 million in India
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- The US International Development Finance Corporation (DFC) is looking to invest $350 million in India to support multiple projects in the country’s financial services sector,health infrastructure, renewable energy and food security space.
- DFC, known as America’s development bank, has approved loans worth $142 million for ReNew Power and $50 million for Sitara Solar Energy to build and operate solar power plants in Rajasthan, $50 million for Northern Arc Capital to scale up lending to businesses that expand access to water, sanitation, and food or advance women’s economic empowerment, besides committing to invest in several other projects.
- The investments mark one of the largest tranches approved during a board meeting, DFC said. “The projects have a particular focus on development impact, with nearly 60 per cent of investments in low- and lower middle-income countries,” DFC said in a statement from Washington, adding that the investments are aimed at supporting financial services for women, small businesses, and other underserved groups at a time when capital is in desperate need.