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Nirma to raise Rs 7,000 Crore for Acquisitions; Glenmark Life Sciences is Shortlisted Target-thumnail

Nirma to raise Rs 7,000 Crore for Acquisitions; Glenmark Life Sciences is Shortlisted Target

Nirma, a manufacturer of soap and detergent products is looking to secure funding of, up to Rs 7,000 crore. This capital infusion will be utilized for expanding its manufacturing facilities and exploring acquisition opportunities. Glenmark Life Sciences has been identified as one of the companies being considered for bids. The objective, behind this move, is to broaden Nirma’s business portfolio by venturing into the healthcare sector. This decision is supported by Nirma’s performance and strong cash flow generation.

Business

Jul 28, 2023

The U.S. chipmaker AMD plans to make $400 million in investments in India by 2028-thumnail

The U.S. chipmaker AMD plans to make $400 million in investments in India by 2028

The American chipmaker Advanced Micro Devices announced on Friday that it will spend $400 million in India over the following five years and that Bengaluru will become the site of its largest design facility.

Investment & Funding

Jul 28, 2023

Customer experience SaaS platform Kapture CX gets $4 million in series A funding-thumnail

Customer experience SaaS platform Kapture CX gets $4 million in series A funding

Kapture CX, a platform that automates customer experience recently secured $4 million, in funding. The investment was led by Cactus Venture Partners.

Business

Jul 27, 2023

Morgan Stanley and Temasek join $300 million Australian fund-thumnail

Morgan Stanley and Temasek join $300 million Australian fund

In order to support investment in deep technologies deemed essential to the nation’s national interests, Main Sequence, the venture capital firm formed by Australia’s national research agency, raised A$450 million

Business

Jul 26, 2023

Mahindra group acquires 4% stake in RBL bank; planning to become a strategic investor-thumnail

Mahindra group acquires 4% stake in RBL bank; planning to become a strategic investor

Reportedly a company affiliated with the Mahindra Group has made a move by acquiring around 4% ownership, in RBL Bank through trades on the market. It appears that they are

Industry

Jul 26, 2023

QIA planning to put in $1 billion in Reliance Retail at a $100 bn valuation-thumnail

QIA planning to put in $1 billion in Reliance Retail at a $100 bn valuation

It has been reported that the Qatar Investment Authority is currently engaged in discussions, with Reliance Retail regarding an investment that could range from $950 million to $1 billion.

Business

Jul 26, 2023

Transforming Manufacturing Aftermarket Partful Secures £2.4M Funding Boost-thumnail

Transforming Manufacturing Aftermarket Partful Secures £2.4M Funding Boost

Aftermarket selling innovation subject matter experts, Partful, has gotten £2.4M in subsidies to speed up the improvement of its ‘detonating’ 3D parts SaaS stage – which is changing the business’

Business

Jul 26, 2023

Nissan Motor to invest $663 million in Renault SA’s electric venture-thumnail

Nissan Motor to invest $663 million in Renault SA’s electric venture

Nissan Motor Co. and Renault SA have reached a crucial agreement to invest in the electric-vehicle venture, Ampere, concluding lengthy negotiations to stabilize their troubled automotive alliance.

Investment & Funding

Jul 26, 2023

Piramal Alternatives planning to raise $1.5 billion to invest in local high-yield companies-thumnail

Piramal Alternatives planning to raise $1.5 billion to invest in local high-yield companies

Piramal Alternatives, a division of the Piramal Group headed by CEO Kalpesh Kikani has set a target to secure $1.5 billion, for investments, in credit within India’s high-yield companies. Given their history of funds and the rapid growth of India’s economy, they are actively looking for international investors to capitalize on the flourishing market.

Business

Jul 25, 2023

The Sculptor hedge fund will be acquired by Rithm Capital for $639 million-thumnail

The Sculptor hedge fund will be acquired by Rithm Capital for $639 million

The Sculptor hedge fund will be acquired by Rithm Capital

Business

Jul 25, 2023

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom-thumnail

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom

Taiwanese chip giant TSMC (2330. TW), driven by a boom in demand for artificial intelligence, plans to invest roughly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company announced on Tuesday.

Artificial Intelligence

Jul 25, 2023

EVCS seeks to raise $125 million for network expansion-thumnail

EVCS seeks to raise $125 million for network expansion

In order to expand its network of fast chargers eightfold by 2025 and take advantage of the U.S. government’s desire to increase EV adoption, electric vehicle charger operator EVCS is reportedly aiming to fund $125 million.

Business

Jul 25, 2023


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