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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
21681. 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
English
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.
21682. 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.
21683. Jaipur''s Leading Sculpture Manufacturer Pandey Moorti Bhandar Creates Ripples Around the World
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
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.
21684. 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
English
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.
21685. Murugappa Group to invest Rs 700 crore in CG Power
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
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.
21686. Microsoft in talks to invest in ShareChat
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Hindustan Times
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- ShareChat is in talks with Microsoft Corp. for an investment of around $100 million in the Indian content sharing platform
- If the deal materializes, the Microsoft investment will be about a third of what ShareChat is looking to raise in the latest funding round.
- ShareChat had last raised $100 million from Twitter, which pegged the valuation of the startup at $650 million.
21687. Indian Army to buy 6 indigenous weapon-locating Swathi radars for over ₹400cr
Make in India / Atmanirbhar
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‘Make in India – Defence Sector
English
India
Mint
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- In a boost to Make in India in the defence sector, six more Swathi weapon-locating radars developed by Defence Research and Development Organisation (DRDO) are likely to be procured for Indian Army.
- The case for acquisition of six Swathi weapon-locating radars worth over ₹400 crore is scheduled to be taken up in a defence ministry meeting likely to be held tomorrow, defence sources told ANI.
- The weapon-locating radars developed by the DRDO and built by Bharat Electronics Limited had achieved a major success as they were supplied to a foreign country also.
21688. Blackstone set to acquire Rs 12,745 crore of Prestige assets
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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- US private equity giant Blackstone Group is set to acquire property developer Prestige Group’s rental income assets for more than $1.7 billion (Rs 12,745 crore) in the largest real estate portfolio buyout in India
- If the deal goes through, Prestige will use the money to repay all of its debt and deploy the rest as equity capital for growth.
- It will be Blackstone’s single largest realty investment in the country and will also eclipse the $1-billion raised through listing of India’s two real estate investment trusts (REITs) — Embassy and Mindspace Business Parks.
21689. Govt to unveil more steps to attract investment in defence sector: Rajnath
Make in India / Atmanirbhar
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‘Make in India – Defence Sector
English
India
Business Standard
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- Defence Minister Rajnath Singh on Monday said the government will unveil more steps to attract investment in defence manufacturing so that India can produce world-class military platforms and weapons systems.
- While kick-starting 'Atmanirbhar Week' in the defence sector on Monday, Singh said self-reliance in this field is a tall task which needs wholehearted involvement of all stakeholders to make it successful.
- The defence minister's comments came after he unveiled new infrastructure and facilities in a number of leading state-run defence majors to enhance their production lines and capabilities.
21690. NHAI to build 22 expressways with Rs 3.3 lakh crore investment, forms SPVs to meet fund requirement
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Zee News
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- The National Highways Authority of India (NHAI) has finalised a plan to build 22 expressways with an investment of Rs 3.3 lakh crore. The authority has also decided to form Special Purpose Vehicles (SPVs) to meet this huge fund requirement, according to sources.
- Under this mega plan, the NHAI board has approved the first SPV for Delhi-Mumbai Expressway, which will be wholly owned by the highways authority The Expressway projects of shorter lengths, in the range of 50-150 km, will be clubbed as one and a single SPV will be formed for Expressway projects having shorter lengths.
- For bigger length expressways of 300- 400 km and more will have dedicated SPV. In the first SPV formed for Delhi-Mumbai Expressway worth Rs 45,000 crore, the NHAI will infuse Rs 5000 crore while the rest Rs 40,000 crore will be taken as loan from market.