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In FY24, LTIMindtree plans to invest $40-50 million in AI capabilities-thumnail

In FY24, LTIMindtree plans to invest $40-50 million in AI capabilities

According to a senior corporate official, LTIMindtree intends to invest $40–50 million in artificial intelligence (AI) capabilities and services during the current fiscal year in order to establish a consistent revenue stream from the rapidly developing technology.

Business

Jun 22, 2023

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

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

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

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

Norway’s Climate Investment Fund  to invest in India’s wind Energy sector-thumnail

Norway’s Climate Investment Fund  to invest in India’s wind Energy sector

Initiated in July 2020, Norfund and Enel Green Power entered into a joint investment agreement focused on renewable energy projects in India. The partnership’s maiden project, the impressive 420 MW

Investment & Funding

Jun 20, 2023

Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires-thumnail

Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires

A Japanese firm, Yokohama Rubber Company, has announced intentions to increase its production of passenger vehicle tyres in India. 

Business

Jun 19, 2023

Adani Capital is in talks with financial investors to sell a stake in the firm-thumnail

Adani Capital is in talks with financial investors to sell a stake in the firm

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

Business

Jun 19, 2023

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes-thumnail

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes

Tiger Global, founded in 2001 by the visionary Chase Coleman, gradually emerged as one of the most prolific venture capital investors, providing crucial support to numerous start-ups over the past

Investment & Funding

Jun 17, 2023

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”-thumnail

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”

Earlier, Finance Minister Ishaq Dar revealed that Pakistan had repaid USD 1 billion to China on the preceding Monday, offsetting a due amount of USD 1.3 billion. It was hoped

Investment & Funding

Jun 17, 2023

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India-thumnail

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India

According to persons in the know, India is prepared to take a $3 billion investment from US semiconductor maker Micron in order to build an OSAT facility—an outsourced semiconductor assembly and test facility—with at least four production lines.

Business

Jun 17, 2023

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores-thumnail

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores

IKIO Lighting dazzled investors on June 16, exceeding analysts’ predictions with a 37 percent surge above its issue price.

Investment & Funding

Jun 16, 2023


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