Multinational retail giant Walmart has recently completed a significant financial transaction, purchasing hedge fund Tiger Global’s investment in the renowned Indian e-commerce firm, Flipkart, for a staggering USD 1.4 billion. This acquisition, reported by The Wall Street Journal based on information from Tiger Global’s letter to investors, places a valuation of USD 35 billion on […]
Nestle India on Friday revealed plans to invest a staggering Rs 4,200 crore by 2025. The investment includes the establishment of its 10th plant in Odisha, in addition to augmenting its existing manufacturing facilities. Chairman and Managing Director of Nestle India, Suresh Narayanan, at a media roundtable emphasised the significance of these investments, citing the […]
US-based Silicon Power Group has plans to set up a 150mm carbide manufacturing facility in Odisha. The cost of the project is estimated at Rs 1,000 crore. The investment will be made by the group’s Indian subsidiary, RIR Power Electronics. According to a press statement from the chief minister’s office, “Harshad Mehta, promoter of the […]
Adani Enterprises Subsidiary Raises Rs 3,231 Crore (USD 394 Million) from Barclays and Deutsche Bank for Solar Module Manufacturing Facility. In a significant boost to its business endeavours, an arm of Adani Enterprises has successfully secured Rs 3,231 crore (USD 394 million) from Barclays PLC and Deutsche Bank AG to meet its working capital requirements. […]
With India trying to develop its semiconductor presence worldwide, Micron Technology CEO Sanjay Mehrotra’s update about the chip export pinned optimism towards the country’s Semicon ride globally. Mehrotra said the chips to be manufactured in Micron’s Gujarat facility will be shipped in India as well as abroad. The CEO was addressing an annual semiconductor conference […]
Mahindra & Mahindra (M&M), a diversified conglomerate with interests in automotive, technology services, and non-bank lending, has decided to venture into the formal banking sector. To achieve this, M&M is purchasing nearly 10 per cent of RBL Bank, a private-sector lender. Presently, M&M already owns 3.5 per cent of the bank, acquired through secondary market […]
Marico said on Wednesday it will acquire a 58 per cent stake in Satiya Nutraceuticals, which owns a plant-based nutrition brand, for Rs 369 crore. Marico, the owner of the Parachute oil brand, has so far bought a 32.75 per cent stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in […]
Reliance Industries (RIL) on Monday acquired 33.33 pc stake in Brookfield Infra-Digital Realty data center business in India. RIL entered into an agreement with Brookfield Infra and Digital Realty in their Indian SPVs set up for developing data centres in India. As per the RIL’s official statement, it will hold a 33.33 per cent stake […]
In a major development, Tata Group has announced that it will establish a battery cell gigafactory in the UK. “Today, I am delighted to announce the Tata Group will be setting up one of Europe’s largest battery cell manufacturing facilities in the UK,” said N Chandrasekaran, Chairman of Tata Sons, adding that the Group is […]
Delhi-based popsicle & gelato brand, Scuzo Ice ‘O’ Magic is gearing up for international expansion and is currently in talks with Canada, Australia, and the Middle East, aiming to introduce Indian flavors and expertise to global markets. “We plan to rapidly expand by setting up multiple stores in each country, establishing a strong market presence. […]
