NEW DELHI: Venture capital fund General Catalyst, which has invested in companies like Zepto, Spinny and Cred, is looking to invest $800 million to $1 billion over the next three years in Indian startups.Having just closed $8-billion fund, it is eyeing investments in manufacturing, fintech, healthcare, energy transition and artificial intelligence (AI) and defence, said…
NEW DELHI: Infra major GMR Group on Wednesday said it has entered into an agreement with a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) for an investment of Rs 6,300 crore in the form of structured debt instruments, allowing the former to reduce its pledged shareholding on its airports business. The group will…
NEW DELHI: Sebi chief Madhabi Puri Buch and her husband Dhaval Buch on Sunday rejected the claims of the fresh Hindenburg Research report alleging that the market regulator body chairperson had stakes in “obscure offshore entities used in Adani money siphoning scandal”.Issuing a point-by-point rebuttal, Madhabi Buch and her husband trashed allegations of impropriety levelled…
NEW DELHI: In one of the first major carmakers to show interest in govt’s new EV policy, German luxury maker Mercedes-Benz has given conditional support to the programme, saying it is ready to invest the mandated $500 million “provided it gets an assurance that the current 5% GST regime for electrics will continue for a…
NEW DELHI: Foreign investors infused over Rs 7,900 crore in Indian equities in the first week of the month amid a healthy economic and earnings growth momentum. With this, total FPI investment in equities reached Rs 1.16 lakh crore this year, data with the depositories showed. Going forward, the Union Budget and Q1 FY25 earnings…
MUMBAI: Though Maharashtra continues to be the top destination for foreign direct investment (FDI), its quantum has slid 15% with inflows of Rs 1 lakh crore for 2023-24 as against Rs 1.18 lakh crore in 2022-23 and Rs 1.14 lakh crore in 2021-22, reported.As far as the MSME sector is concerned, up to Jan 9…
Chairman of Adani Group, Gautam Adani on Wednesday announced its plans to invest over $100 billion in energy transition projects and manufacturing capabilities to produce key components necessary for green energy generation.The chairman was addressing an event titled ‘Infrastructure – the Catalyst for India’s Future’ organized by Crisil. He stressed the immense potential of energy…
NEW DELHI/ MUMBAI: Korean car major Hyundai Motor is looking to sell around 17% stake in its Indian arm through an initial share sale (IPO), which may be India’s biggest issue so far, to raise as much as Rs 25,000 crore (around $3 billion), valuing the company at around $18 billion, or around Rs 1.5…
