Ola, a ride-sharing company, said on Monday that it planned to invest 2.4 billion rupees to establish an electronic scooter factory in Tamil Nadu, adding that it would be the largest in the world. The SoftBank-backed company aims to make India an electric vehicle manufacturing hub. Ola has signed a …
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Billionaire Gautam Adani’s Roads-to-Mining group has indicated that it may improve its takeover bid of Rs 33,000 crore for the collapsed housing lender DHFL and has sought the seizure of deposits from bidders seeking to vitiate the auction by questioning the maximum recovery of public money. In a written email …
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The IWC raided Roshan Baig’s residence near Coles Park in Bengaluru on Monday morning. The Central Bureau of Investigation on Monday conducted a search operation at the residence of former Congress Minister Roshan Baig near Bengaluru’s Coles Park in Frazer Town. The search operation was carried out after the former …
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New Delhi: Coal India (CIL) said on Monday it would establish 14 rooftop and ground-mounted solar projects of 3,000 megawatts (MW) capacity by fiscal year 2023-24 (FY24) with an investment of approximately 5,650 million rupees. He added that while Rs 3,650 crore would be invested through CIL’s capex until 2023-24, …
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The CBI detained Roshan Baig for questioning on Sunday morning. The Central Bureau of Investigation arrested former Congressional Minister Roshan Baig on Sunday in connection with Scam I case, Monetary Advisory. Mohammed Mansoor Khan has been accused of misleading more than 30,000 million rupee investors in a Ponzi scam, where …
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NEW DELHI: As China further intensifies its energy cooperation with Myanmar, India is working to increase its own presence in the same sector in the strategically located neighbor with a booming energy industry. The joint visit of Foreign Secretary Harsh Shringla and army chief MM Naravane saw the 2 countries …
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China will impose sanctions including trade, investment and visa restrictions on any company, country, group or person that appears on its “list of untrustworthy entities,” according to guidelines released Saturday. The list will contain names of entities that pose a threat or potential threat to China’s sovereignty, national security, development, …
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KKR & Co. is in advanced talks to invest at least $ 1 billion in Indian billionaire Mukesh Ambani’s retail business, according to people familiar with the matter, in what could be another US investment in the unit following the Silver Lake deal. . KKR is in talks for a …
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IT services firm Happiest Minds Technologies has raised Rs 316 crore from anchor investors, ahead of its initial public offering that opens on Monday. Some of the main investors are the Government of Singapore, Goldman Sachs, Kuwait Investment Authority, Nomura Funds Ireland, Jupiter India and Pacific Horizon Investment. A total …
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Private equity firm Silver Lake Partners is in talks to invest $ 1 billion in the retail arm of Reliance Industries Ltd of India (RELI.NS), the Financial Times reported Thursday, citing people with direct knowledge of the matter. The investment, which would value Reliance Retail at about $ 57 billion, …
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