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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102248) | |
22261. Adani Group to invest in Colombo Port terminal, says Gotabaya
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Hindu
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- Memorandum of Cooperation (MoC) with India and Japan for the project. The three countries agreed that the Sri Lanka Ports Authority (SLPA) would retain 100% ownership, while a jointly-owned Terminal Operations Company — 51% stake with Sri Lanka, and 49% with India and Japan — would run the terminal.
- the statement from President Rajapaksa’s office said he “pointed out” to the unions that after his government negotiated with India, it was possible to reach an agreement for SLPA to “retain 51% of the ownership and the control”.
- President Gotabaya Rajapaksa said 49% of the investment will come from the “Adani Group and other stakeholders”.
22262. Japanese firm Daicel to invest ₹230 crore to set up manufacturing plant in Chennai
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Business Insider
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- Japan's multi-product Daicel Corporation will set up an automotive airbag inflator plant near here at an investment of Rs 230 crore.
- "In the first phase the investment will be ₹230 crore. The focus will be on the domestic market. Based on the demand we will look at other markets," an official told IANS.
- The plant owned by Daicel Safety Systems India Pvt. Ltd, will come up at CapitalLand's OneHub Chennai, an industrial township located near here.
22263. Total speeds up renewables push with $2.5 billion investment in Indian solar power
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Investing.com
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- Total is paying $2.5 billion for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets, marking the latest step in the French energy company's drive to reduce its dependence on oil.
- For its investment, Total will get a 20% stake in AGEL and a seat on its board, as well as a 50% share in the Indian firm's portfolio of solar power assets, the French firm said.
- AGEL is controlled by Indian conglomerate Adani Group and has a market capitalisation of about 1.483 trillion Indian rupees ($20.25 billion).
22264. This Bengaluru fintech startup uses the power of community networks to improve financial inclusion
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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- Founded in July 2019, Bengaluru fintech startup Findeed provides low to mid-income Indian families access to formal credit with simple and fair collateral-free loans.
- “We believe this must and can be changed. We aim to empower the working-class Indian with access to financial services beginning with formal credit. We launched Findeed to enable financial access to millions of working-class Indians by leveraging the power of data and technology,” Co-founder Srividhya Ramarathnam tells YourStory.
- Sriram Shankar says, “When we looked deeper into how people came together to help each other borrow money, we realised the sense of social capital was very high. This is the key difference in our approach.”
22265. Global VC Antler weighs $100 million investment in Indian startups
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Moneycontrol
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- With the $100 million fund, the firm plans to back 150 Indian startups over the course of next 4 years.
- The Singapore-headquartered VC firm, present in 11 locations around the world, has till now invested in over 160 technology-companies. With the $100 million fund, the firm plans to back 150 Indian startups over the course of next 4 years.
- Prior to being appointed as co-lead Sharma founded FirstPrinciples VC in 2018, which eventually funded over 35 startups including Fynd, acquired by Reliance Jio; Niki, backed by Ratan Tata; Pocket Aces, backed by Sequoia among others.
22266. This startup is eliminating FMCG distribution problem and digitising kiranas, smaller brands
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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- 1Delhi-based startup Creando is a distribution aggregator platform that acts as a one-stop solution for GT/Kiranas, by not only providing the entire basket of products but also enabling them through sales training and technology
- Founded in 2014 Creando connects brands with retailers, and empowers them through technology. It provides consulting to kiranas, smaller brands, and FMCG brands in the area of business strategies, sales, and marketing.
- Creando has three kinds of revenue models – margin; margin + retainer; and distribution management cost + commission + retainer.
22267. Pegatron increase share capital to Rs1100 Cr, paves way for investment in India plant
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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- Apple's supplier Pegatron Corp, which kickstarted India operations in September last year, has increased the Indian unit’s authorised share capital to Rs 1100 crore, paving the path for investment in its manufacturing operations.
- The members of the India subsidiary have consented to increase the share capital from Rs 5.5 crore to Rs 1100 crore on December 21, 2020, according to the latest regulatory filings accessed by business intelligence platform Tofler. ET had reported in November that the Taiwanese company's board has approved an initial investment of $150 million (Rs 1100 crore) for building manufacturing facilities in India.
- As per various reports, Pegatron has selected a construction site in Mahindra World City near Chennai, although State government officials say nothing has been finalised yet.
22268. कुदरत की मार से किसानों को बचा रहा ये स्टार्टअप, 35 रुपये खर्च कर मिलती है फसल बर्बाद होने पर पूरी भरपाई
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
Hindi
India
TV9 Bharatvarsh
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- एक ऐसा स्टार्टअप है जो किसानों को उनके फसल बर्बाद होने की भरपाई करता है.इस स्टार्टअप का नाम GramCover है, जो किसानों तक औपचारिक रूप से फाइनेंशियल प्रोडक्ट्स और सर्विसेज मुहैया कराता है. यह एक तरह से कृषि इंश्योरेंस स्टार्टअप है.
- इस स्टार्टअप के जरिए किसानों को फसलों, पशुओं, स्वास्थ्य और मोटर से लेकर लाइफ इंश्योरेंस तक की सुविधा मिलती है. किसानों को अपने जान-माल की यह सुरक्षा न्यूनतम 35 रुपये के खर्च पर मिलती है.
- इस स्टार्टअप ने बजाज आलियांज, रॉयल सुदंरम, LIC, आईसीआईसीआई लोम्बार्ड, GIC Re, एचडीएफसी एर्गो और अवीवा के साथ पार्टनरशिप किया है.
22269. पैनासोनिक लाईफ आंध्र प्रदेश के नये केन्द्र में 600 करोड़ रुपये का निवेश करेगी
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
Hindi
Andhra Pradesh
NBT
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- पैनासोनिक कार्पोरेशन की पूर्ण स्वामित्व वाली सहायक कंपनी, पैनासोनिक लाइफ सॉल्यूशंस इंडिया ने कहा कि वह आंध्र प्रदेश के श्री सिटी में अपने नये विनिर्माण केन्द्र को स्थापित करने के लिए 600 करोड़ रुपये निवेश कऐगी।
- पूर्व में एंकर इलेक्ट्रिकल्स के रूप में पहचाने जाने वाले पैनासोनिक लाईफ साल्युशन्स ने एक बयान में कहा कि कंपनी की योजना दो चरणों में कुल 600 करोड़ रुपये का निवेश करने की है।
- इस परियोजना से वर्ष 2022 तक राज्य में कम से कम 600 लोगों को प्रत्यक्ष रोजगार प्राप्त होंगे। नई इकाई अप्रैल 2022 तक चलू हो जाएगी। पैनासोनिक लाइफ सॉल्यूशंस के हरिद्वार दमन और कच्छ में भी कारखाने हैं।
22270. Taiwan approves $140 mln Pegatron investment in India
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Returers
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- Taiwan’s government said it had approved a $140 million investment in India by Pegatron Corp, a major Taiwanese Apple Inc contract manufacturer.
- The Ministry of Economic Affair’s Investment Commission said it had approved the $141.7 million investment into unit Pegatron Technology Private Ltd, without giving details.
- The Ministry of Economic Affair’s Investment Commission said it had approved the $141.7 million investment into unit Pegatron Technology Private Ltd, without giving details.