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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102405) | |
21681. Qatar eyes $1.5 bn stake in JioFiber
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Deccanherald
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- Sovereign fund Qatar Investment Authority (QIA) is in advanced talks with Reliance Industries Ltd to invest around $1.5 billion (about ₹11,200 crore) in an infrastructure investment trust (InvIT) that holds the company’s fibre-optic assets
- Citigroup, Moelis and Co. and ICICI Securities have been hired by Reliance as investment bankers for the proposed deal with Qatar Investment Authority
- Reliance Industries Ltd Chairman Mukesh Ambani rolled out the Jio Fiber (aka GigaFiber) broadband service on September 5, 2019. T
21682. India Angel Fund invests in Mental Wellness Startup IPHM Services
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Investment in Bharat by companies of other countries
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Business Standard
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- Business Wire India IPHM Services has succeeded in raising a seed round of funding from India Angel Fund, most of them Women Entrepreneurs, also first time angel investors.
- New age healing assistance, IPHM Services, helps design programs and workshops for the psychological well-being of individuals and employees of large organizations.
- India Angel Network has made another seed investment of Rs. 25 lakhs into IPHM Services.
21683. Tata Capital Growth Fund to invest ₹225 Crore in Biocon Biologics
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
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India
Business Line
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- Biotechnology major Biocon on said Tata Capital Growth Fund will invest USD 30 million ( ₹225 crore) in its subsidiary Biocon Biologics to acquire 0.85 per cent equity stake in the company.
- The firm said this deal values Biocon Biologics at USD 3.5 billion. Post the completion of this transaction, Biocon will hold 95.25 per cent stake in Biocon Biologics, the biotechnology major added.
- Akhil Awasthi, Managing Partner, Tata Growth PE, said this investment is in line with its focus on export-oriented manufacturing in world beating companies.
21684. Govt to fund 112 agritech startups, to invest Rs 11.85 Cr this year, says Narendra Singh Tomar
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
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India
Your Story
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- To promote agri firms, Union Minister for Agriculture Narendra Singh Tomar on said the Indian government will fund 112 startups in the first phase, with a sum of Rs 11.85 crore in the current financial year. The funds will be given to the startups selected by different knowledge partners and agribusiness incubators in the area of agro-processing, food technology, and value addition, he said.
- The funds will be provided under the Innovation and Agri-entrepreneurship Development Programme launched under the revamped Rashtriya Krishi Vikas Yojana (RKVY).
- The Indian government has identified five knowledge partners as centres of excellence, and 24 RKVY-RAFTAAR agribusiness incubators (R-ABIs) from across the country after a nationwide advertisement and a rigorous selection process.
21685. Electronic companies line up under PLI scheme, to produce products worth 11.5 lakh cr: RSP
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
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India
Republic
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- Union Minister for Electronics & Information Technology Ravi Shankar Prasad on Saturday addressed a press conference stating that 22 domestic and international companies had filed their application under the government's Production-Linked Incentive (PLI) scheme which aims to transform India into an electronics and manufacturing hub.
- He revealed that together these companies will produce mobile phones and components worth Rs 11.5 lakh crore over the next 5 years out of which products worth Rs 7 lakh crore will be exported. "Under the leadership of PM Modi, PLI scheme was introduced to welcome global companies and to make Indian companies as national champions in the electronic sector. I welcome the Indian companies Lava, Dixon, Micromax, Padget Electronics, Sojo , Optiemus Electronics," he added.
- Under the Government's Rs 42,000 cr PLI package, special incentives of 4-6 per cent are being offered to electronics companies which manufacture mobile phones and other electronic components to come and set up base in India, furthering the 'Make In India' initiative.
21686. Nisus Finance to invest Rs 500 cr in distressed realty projects by March
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
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India
Business Standard
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- Nisus Finance, a debt fund focused on real estate, plans to invest the entire Rs 500 crore from its second platform by March next year, as it sees good opportunities for providing last mile capital to complete housing projects and acquisition of distressed assets during this COVID-19 pandemic.
- Nisus Finance had launched its first fund named 'Real Estate Asset Performance Fund 1' totalling Rs 430 crore, which was invested across nine projects.
- The two partners have committed Rs 100 crore in this fund, while Rs 400 crore is being committed from HNIs and family offices, he added.
21687. Season Two Ventures to invest in 12 startups in one year from $100 mn fund
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Business Line
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- Bengaluru-headquartered venture capital firm Season Two Ventures (S2) is in advanced stages of discussions to invest in 12 startups in the next one year from its first $100 million fund.
- Following which, the firm would look at raising a second fund of about $350-400 million. S2 will invest in $500,000-5 million in various business-to-business (B2B) startups with one investment per month
- S2 will raise its next fund in the next 18 months, after exhausting the present $100 million fund.
21688. Jaipur''s Leading Sculpture Manufacturer Pandey Moorti Bhandar Creates Ripples Around the World
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Business Standard
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- Following Prime Minister Narendra Modi’s lead, the Jaipur-based marble murti manufacturer is promoting ‘Make in India’ internationally, a growing global demand for their exclusive marble statues Jaipur, India.
- Founded in 1960, Pandey Moorti Bhandar is a global manufacturer of all things marble-art, handicrafts, marble mandir for home and statues of deities, humans, animal and roman figures.
- They work with a team of 150 skilled craftsmen and artisans, catering to a bigwigs like the Birla Group, ISKCON ,Swaminarayan Temple. Thanks to its quality marbles and craftsmanship, Pandey Moorti Bhandar has been successful in landing international orders consistently.
21689. India and Russia hold back-to-back meetings to expand strategic partnership, investments
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
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India
The Economic Times
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- India and Russia have held back-to-back meetings to expand their strategic partnership in East Asia and investments in infrastructure and energy sectors amid China’s new aggressiveness.
- Foreign secretary Harsh V Shringla held wide-ranging dialogues with Russia’s deputy foreign minister Igor Morgulov on and the country’s ambassador to India Nikolai Kudashev here on ahead of SCO-BRICS and bilateral annual summits.
- India has also sought Russian investments in India’s burgeoning infrastructure sector and simultaneously plans to increase its investments in Russian oil-gas-coal sectors.
21690. Murugappa Group to invest Rs 700 crore in CG Power
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
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The Economic Times
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- Murugappa Group company Tube Investments of India will be investing Rs 700 crore to acquire 51% stake in the scam-hit CG Power and Industrial Solutions, the latter informed the bourses on
- The deal with the Rs 40,000-crore Murugappa Group is also subject to the lenders accepting a one time settlement, and restructuring of funded facilities and guaranteed debt.
- CG Power informed the bourses that its board has approved the execution of a securities subscription agreement with Tube Investment, which will entail an investment of Rs 550 crore in equity shares and Rs 150 crore in convertible warrants over the next 18 months.