Last Updated : Friday, January 17, 2020 12:46:35

News of Investment in Gujarat

WIPRO VENTURES announces closing of USD $150 million Fund II

MOUNTAIN VIEW (CALIFORNIA, US) | BANGALORE | MUMBAI | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Bengaluru headquartered Indian Information Technology major – WIPRO Ltd said of its strategic investment arm – Wipro Ventures having announced second rounds of funds as Fund II amounting to USD $150 million which has

CABINET nods disinvestment in several PSUs, incl MMTC, NMDC, BHEL etc

NEW DELHI | RAJKOT – In a press-release as issued by Press Information Bureau (PIB) – press & publicity arm of Government of India, The Union Cabinet has given in-principle approval for strategic disinvestment of several public sector undertaking (PSU) companies, including MMTC, NMDC, MECON, BHEL, NINL etc. The press-release titled, “Cabinet approves ‘In Principle’

COMM & IND MINISTRY OF INDIA keen to promote India-Africa Trade

NEW DELHI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release disbursed by Press Information Bureau (PIB) – Government of India’s press & publicity arm, it read of Ministry of Commerce & Industries of India was keen to promote India-Africa Trade and economic relations with nations of African Continent. The press-release titled, “Ministry of Commerce

ADANI ELECTRICITY MUMBAI to sell 25.1% stake for $450 mln to QATARI FUNDS

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered energy transmission arm of Indian Conglomerate Adani Group – Adani Transmission Ltd said of having inked definitive agreements for sale of 25.1% stake in Adani Electricity Mumbai Ltd to Qatar Investment Authority for an aggregate investment

KILITCH DRUGS will invest USD $5 mln for 2nd project in Ethiopia

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered pharmaceuticals products manufacturing company Kilitch Drugs (India) Ltd., said of gearing to invest USD $5 million  for second greenfield project in Ethiopia. In a press-release as submitted by the company to the Indian Bourses, titled – “Kilitch

IFC to invest USD $200M in MAHINDRA FINANCE to Boost MSME Lending

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered financial arm of India Conglomerate Mahindra Group – Mahindra & Mahindra Financial Services Ltd said of World Bank’s financing arm IFC (International Finance Corporation) having agreed to invest $200 million in the company

BAJAJ AUTO invests $8 mln in YULU, to bring micro-mobility revolution

BENGALURU | PUNE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Indian 2-wheeler auto major Bajaj Auto Ltd said of having inked strategic partnership with Yulu, the largest shared e-mobility service provider in India, where Bajaj Auto will invest $8 million in Yulu, to bring micro-mobility

SANAKA CAPITAL and other to invest upto US$ 75 mln (~5.25 bln INR) in EDELWEISS GROUP

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered financial services providing company Edelweiss Financial Services Ltd said of Sanaka Capital and others will invest upto US$ 75 million (~5.25 billion INR) into Edelweiss Group. The press-communication as addressed by the company to the Indian

BHARAT FORGE to invest US $56 mln in North Carolina (US) for a new facility

PUNE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Pune headquartered forging and industrial products manufacturing major Bharat Forge Ltd said of its US Subsidiary investing US $56 million in a greenfield forging and machining facility in North Carolina for aluminium processing. In an update submitted

TVS Motor SGP inks pact to invest $32.2 mln in US based AI software firm

SINGAPORE | CINCINNATI (US) | CHENNAI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory submission to the Indian Stock Exchanges over a weekend on Saturday, Chennai headquartered Indian Auto Major TVS Motor Company Ltd said of having inked a pact to invest USD $32.2 million (~225.4 Crore INR ~2.25 Billon INR) in a

Trident approves 2.22-bln-rupee inv to add 20k MTPA prod cap to its Dhaula Unit

SANGHERA | LUDHIANA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Punjab headquartered Trident Group’s Board said of having given nod to 2.22 billion (~222 crore) rupees investment to increase Dhaula based paper manufacturing unit’s existing annual production capacity by 20,000 tons per annum. The proposed

Raymond ventures into real estate development through Raymond Realty

MUMBAI | RAJKOT – In a regulatory press-release statement submitted to the Indian Bourses, textiles & apparels major Raymonds Ltd said of entering into realty space. The company, Raymond ventures into real estate development through Raymond Realty Plans an ‘Aspirational District’ with 3000-units project in Phase 1. Project to be delivered with a timeline of

Cybertech Systems & Softwares invested $0.2 million in an overseas subsidiary

MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges on Friday, Mumbai based Cybertech Systems & Softwares Ltd said of an Overseas Direct Investment (ODI) made on March 28, 2019 in Spatialitics LLC, Delaware, USA (“Spatialitics”), wholly owned subsidiary of the Company amounting to USD $200,000. Spatialitics specializes in providing Spatial

Cox & Kings owned MEININGER Hotels is coming to Stuttgart (Germany)

MUMBAI | RAJKOT – In a regulatory update statement submitted to the Indian Bourses, Cox & Kings owned MEININGER Hotels is coming to Stuttgart, said the company. Cox & Kings owned MEININGER Hotels signed a contract with a German property developer for a new project in Stuttgart. From 2021 onwards, the hotel group will be

Tata, GIC (Singapore) and SSG Capital Mgmt propose to invest 80 billion INR in GMR Infra’s Airport Biz

MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges on Wednesday, GMR Infrastructure Ltd announced proposed Investment of Rs. 8,000 crores (80 billion) by Tata Group, GIC and SSG Capital Management in its Airports Business. For more details, click the link, given here : https://buff.ly/2TXUrHc   Follow DATELINE GUJARAT On :-Facebook, Google+, Linkedin, Twitter, YouTube, Blogspot, Telegram,

Rane Group Board approves $20 million investment in US subsidiary

CHENNAI | MUMBAI | RAJKOT – Rane (Madras) Ltd’s  board of direclors of the Company at its meeting held on Thursday i.e., March 21, 2019 inter-alia has approved enhancement in investments upto USD $20 million in Rane Precision Die Casting Inc., USA (RPDC), Step Down Subsidiary. For more details click the link given here :

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