The company would fund the expansion through a mix of debt, equity and internal accruals.
United Arab Emirates company has bought Premier League club Manchester City, a local magazine reported on Monday. Abu Dhabi United Group for Development and Investment completed the deal late on Sunday, Arabian Business magazine reported, citing board member Sulaiman al-Fahim.
Two years ago, the number was 4,000, according to Indian businessmen.
While the exact investment for the project, which is likely to come up in Jamnagar is not known, senior government officials say the company is looking to ink an agreement during the upcoming Vibrant Gujarat Global Investors Summit, to be held in January next year.
Asserting that while trade between India and Norway has been expanding but there is significant potential waiting to be realised, he said, "The new government is taking a number of measures to encourage investments, revive the manufacturing sector in India, promote skill development, develop smart cities and engage closely with all interested partners and investors in India and abroad to make this happen".
Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. G K Satish, who retired as director for business development at IOC in 2021, is one of the three new faces appointed to the 11-strong board of directors of Rosneft, according to a statement issued by the Russian firm. Satish, 62, is the first Indian to be appointed to the board of Rosneft.
State-owned India Infrastructure Finance Company Ltd has tied up with Infrastructure Development Finance Company, and global equity investors Citigroup Inc and Blackstone Group to launch a $5 billion infrastructure fund.
Realty major Parsvnath Developers on Wednesday joined hands with Sabeer Bhatia, co-founder of Hotmail, to develop a 11,138 acres knowledge city near Chandigarh, where the company will initially invest Rs 400 crore (Rs 4 billion).
Quick commerce startups hope to race towards better days. Can they crack the execution code?
RBI capped the gold lease period at 90 days under the direct import route.
This, Byju, was the time to apply the business lens, treat your company as a business, run your company as a business. Instead, you splurged, observes Suveen Sinha.
Honda Siel Cars India on Thursday said it was looking at scaling up its production in India up to 1,00,000 units in the next five years, while launching its new mid-sized sedan, Honda City ZX.
Over the next four-five years, the company plans to set up eight warehouses and new transport facilities.
After the Google investment, the company's monthly transactions have spiralled up from 65,000 to nearly one million in just a year. According to reports, the start-up is in fresh talks to raise about $6 million from investors, including Google, says Samreen Ahmad.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
Of the five towns planned, work is progressing in two, Dasve and Mogao.
GDA Technologies Inc, a California based leading Electronic Design Services and Silicon Intellectual Property solutions provider, on Monday announced that the company would invest about $3 to 5 million to increase its headcount
Funding for Indian startups dropped by 33 per cent to $24 billion in 2022 as compared to the previous year though it was nearly double the amount recorded in 2019 or 2020, said a PwC India report on Wednesday. Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as per the report titled 'Startup Tracker-CY 22'. "Funding for Indian startups in CY22 was nearly $24 billion, a drop of 33 per cent in comparison to CY21 but was still more than twice the funds raised in CY20 and CY19 each", it said.
Since its October high last year, the stock of innerwear major Page Industries has been on a downtrend, shedding a little over 30 per cent of its market value. Higher competitive intensity, muted volumes, pressure on margins, and rich valuations have led to downgrades for the stock. The October-December quarter (third quarter, or Q3) performance was lower than the Street's expectations - both on volumes/sales and margins.
'If it is your second car (electric vehicle), you typically keep it for travel within the city.' 'And the first car (internal combustion engine-run vehicles) can then be used to travel to some other cities.'
The company seeks floor area ratio of 3, against the permitted 2, from Uttar Pradesh.
Work on projects worth Rs 1,000 cr in full swing: Gift City
US Ambassador Richard Verma's tips to the Indian states.
Staffing solutions company IT People (India) plans to invest around $4-5 million for its expansion activities, which include launching of operations in five cities in the country and abroad.
UK fashion retailer Superdry on Wednesday said it will sell its intellectual property assets in South Asia to Reliance Retail for 40 million pounds (Rs 402 crore) through a joint venture. Superdry, whose fashion line mostly includes sweatshirts, hoodies and jackets, will own 24 per cent of the joint venture while Reliance Retail, India's largest retailer, will have the remaining 76 per cent. Under the agreement, Superdry's brand IP assets in South Asia will be permanently transferred to the new JV entity.
FirstCry is omni-channel player with presence across desktop, mobile and offline routes offering baby and maternity products in India.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
'With Ramaland, the tourism department is looking to attract children and adults alike. It'll be learning with entertainment.'
Online pharmacy platform Tata 1mg turned a unicorn after raising close to $40 million in a funding round led by Tata Digital, media reports said. The company was yet to comment on the valuations till the time of going to press. 1mg has raised $230.8 million across 16 rounds, including this one.
If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now. Apple's strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China.
The survey covered eight cities -- Mumbai, Delhi/NCR, Kolkata, Chennai, Ahmedabad, Bangalore, Pune and Hyderabad.
It is keen on electric cars as battery costs go down
At Prestige Polygon Towers in Chennai's Teynampet, hectic preparations are on for a mega global investors' meet under the aegis of Guidance Tamil Nadu (the state investment promotion agency) scheduled for January 2024. Asked about the key focus areas of the meet, the agency's managing director and chief executive officer, V Vishnu, said the state was betting big on electric mobility. This is no surprise, given that the state has signed electric vehicle (EV)-related memorandums of understanding (MoUs) with several companies in the recent past that may bring in investments worth around Rs 33,000 crore with the potential to create over 43,000 job opportunities.
Germany's Metro AG to invest 300 million euro in India and open wholesale stores in Hyderabad, Kolkata, Chennai and Mumbai.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
