DealShare, a social ecommerce player, has announced a substantial investment of Rs 1000 crore in local and regional SME brands and its own Private Labels over the next 5 years. The company is looking to invest in 6 states namely Rajasthan, Haryana, Uttar Pradesh, Himachal Pradesh, Gujarat and Maharashtra. DealShare’s core ecommerce portfolio sources goods […]
After Prime Minister Narendra Modi’s recent official visit to the western superpower, three US tech titans announced significant investments in India. For the development of Indian technology, Amazon, Google, and Microsoft have pledged financial investments and technological collaboration. Google has announced that it will open its global fintech operation hub in Gujarat, whereas Amazon has […]
Fitch Ratings has raised the global growth forecast for 2023 to 2.4 per cent from its March estimate of 2.0 and noted that economic activity the world over is holding up better than as was expected. “The biggest upgrades have been to emerging markets (EM) where incoming (macro) data have been a lot stronger than […]
Hyundai Motor Company aims to boost its annual electric vehicle sales to 2 million units by 2030, against its earlier target of 1.87 million, in line with rising global demands. Considering that the proportion of global EV production is set to increase from 8 per cent this year to 34 per cent in 2030, the […]
Vedanta has announced its plans to invest USD 1.7 billion in the current financial year to expand its business operations. Chairman Anil Agarwal shared this information in the company’s Annual Report for the financial year 2022-23. The company has already invested USD 1.2 billion in growth capital expenditure during the same period to enhance its […]
Vodafone Idea (Vi) has experienced an uptick in discussions with banks, promoters, and external investors to raise funds in recent weeks. Akshaya Moondra, the company’s CEO, revealed that these discussions have gained momentum following the implementation of most provisions of the telecom relief package. It may ne recalled that Vi has been grappling with financial […]
JSW Steel is entering into an equal joint venture with JFE Steel Corporation of Japan to manufacture grain-oriented steel sheets. These sheets find a use in the electrical industry. According to information, in Vijaynagar, Karnataka, where JSW runs a 12 million-tonne steel plant, the downstream facility will be built. The companies did not disclose the […]
XYXX, men’s premium innerwear and lifestyle brand has raised Rs 110 crore in series C finding round, led by Amazon Smbhav Venture Fund. According to an official statement that the brand continues to be backed in this round by all existing institutional investors including Sauce.vc, Anicut Capital, DSG Consumer Partners and Singularity Growth Opportunities Fund. […]
United Kingdom‐based SRAM & MRAM Group will invest USD 100 million in SpiceXpress and Logistics. Both sides have signed an MoU as part of the investment deal, SpiceJet said in an official statement. This move comes after SpiceJet successfully separated SpiceXpress into an independent entity as of 1 April 2023, paving the way for the […]
Thrive, an online food ordering platform that competes with Swiggy and Zomato, may soon see beverage producer Coca-Cola as a minority stakeholder, according to a recent media report. The investment could be Coca-Cola’s first in India, however the amount has not been announced. According to a leading media house, the strategic investment will give Coca-Cola […]
