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Home > Articles
In its first close for climate fund, Avaana Capital secured $70 million-thumnail

In its first close for climate fund, Avaana Capital secured $70 million

The first closing of the Avaana Climate and Sustainability Fund has commitments totaling $70 million, according to a statement released by the venture capital firm Avaana Capital on Wednesday.

Finance

Jun 21, 2023

SoftBank shifting its strategy to offensive said Chairman and CEO Masayoshi Son-thumnail

SoftBank shifting its strategy to offensive said Chairman and CEO Masayoshi Son

Vision Fund reported a substantial loss of $32 billion in May. However, Son’s primary focus remains on the AI revolution, which he believes will surpass human capabilities. SoftBank aims to

News

Jun 21, 2023

Blackstone planning to launch another IPO for its REIT amounting to up to $1 billion-thumnail

Blackstone planning to launch another IPO for its REIT amounting to up to $1 billion

Blackstone has a proven track record of swiftly monetizing its real estate assets in India. In 2019, they launched Embassy Office Parks REIT, and a year later, they listed Mindspace Business Parks REIT in which they held a small stake that was subsequently sold off. The firm has also been preparing its mall portfolio for REIT conversion, successfully listing it this year.

News

Jun 21, 2023

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund-thumnail

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund

Nio the Chinese electric Vehicle company has just revealed a substantial injection of fresh capital amounting to a staggering $738.5 million.

Business

Jun 21, 2023

ideaForge Technology; drone manufacturer’s IPO to open on 26th June-thumnail

ideaForge Technology; drone manufacturer’s IPO to open on 26th June

Subscription for the IPO is set to commence on June 26 and conclude on June 29, with the anchor book launch scheduled for a single day on June 23, 2023.

Manufacturing

Jun 21, 2023

Twitter employees accuse the social media corporation of not paying promised incentives in their lawsuit-thumnail

Twitter employees accuse the social media corporation of not paying promised incentives in their lawsuit

Tens of millions of dollars in incentives are the subject of a lawsuit brought by Twitter employees who claim the social media corporation did not honour its commitment to pay

News

Jun 21, 2023

Government approves a semiconductor project investment from Micron of Rs 22,000 crore-thumnail

Government approves a semiconductor project investment from Micron of Rs 22,000 crore

Since Modi is due to meet with Sanjay Mehrotra, the CEO of Micron, when he is in the US, the decision is anticipated to be made public. Over 5,000 employees are anticipated to be created by the project.

Business

Jun 21, 2023

With startups seeking redemption, Paytm is leading a $6 billion rally-thumnail

With startups seeking redemption, Paytm is leading a $6 billion rally

India’s goal of creating a market for internet firms that target consumers is once again on track as Paytm, the market leader in digital payments, is leading a $6 billion

News

Jun 21, 2023

RBI approves the request of RIL to retain $2 billion from lenders-thumnail

RBI approves the request of RIL to retain $2 billion from lenders

The Reserve Bank of India (RBI) has given Reliance Industries, the largest firm in the nation by market value, permission to keep $2 billion in addition to the $3 billion it raised in the previous fiscal year under the largest syndicated credit facility in years.

Business

Jun 21, 2023

Youtube unveils its shopping channel for live commerce in South Korea on 30th June-thumnail

Youtube unveils its shopping channel for live commerce in South Korea on 30th June

On June 30, the Yonhap news agency announced that YouTube will introduce its first official retail channel for in-person transactions in South Korea.

Business

Jun 21, 2023

Elon Musk Says Tesla Will Soon Visit India And Has Plans To Go There In 2019-thumnail

Elon Musk Says Tesla Will Soon Visit India And Has Plans To Go There In 2019

Elon Musk, the CEO of Tesla, recently disclosed that the firm would soon make an investment in India, which is a huge step for the nation.

Business

Jun 21, 2023

Pet food company Drools receives $60 million from L Catterton at a valuation of $600 million-thumnail

Pet food company Drools receives $60 million from L Catterton at a valuation of $600 million

A $60 million investment was made in Bengaluru-based Drools Pet Food by L. Catterton, a private equity vehicle supported by Mot Hennessy Louis Vuitton, the world’s largest manufacturer of luxury

Business

Jun 20, 2023


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