Amazon Inc. Invests 2700 Crores In India
US online retail giant Amazon Inc has invested US$ 386 million (nearly Rs. 2700 crores) earlier this month in the midst of an ongoing online...
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IOC will invest Rs.12,000 crore in Haldia refinery & pipeline infrastructure
Indian Oil Corporation (IOC), will invest approx Rs.12,000 crore in the Haldia refinery and pipeline infrastructure in West Bengal. Dipankar Ray, Executive Director and head of...
ASM Technologies inks LLP pact to invest in RV Forms
ASM Technologies has signed an agreement for investment in RV Forms. It has signed the LLP agreement and related documents relating to the investment of 70% in RV...
Sebi increases overseas investment limit of AIFs, VCFs to USD 750 mn
Sebi has increased the overseas investment limit of alternative investment funds (AIF) and venture capital funds (VCF) from the current USD 500 million, to USD 750 million....
JSW Steel to invest up to USD 500 mn in Acero Junction Inc
JSW Steel will invest up to USD 500 million to acquire, upgrade and enhance US-based integrated steel manufacturing unit, Acero Junction Inc in phases. In...
PremjiInvest acquires 6% stake in Future Retail
Azim Premji’s investment arm, PremjiInvest has acquired 6% stake in Future Retail, from Bharti Group for approx Rs.600 crore. Bharti Group still holds approx 3% stake in Future...
Sunteck Realty gives approval to raise RFPIs investment limit to 49%
Sunteck Realty has given approval to a proposal for raising its investment limits, by registered foreign portfolio investors (RFPIs). The company’s board of directors has given approval...
JSW Steel to invest additional Rs.17,600 crore to increase its capacity
JSW Steel has decided to inject an additional Rs.17,600 crore, for increasing its steel capacity to 24.7 million tonne per annum (mtpa) by 2020. Seshagiri Rao, JSW...
RBI permits FPIs to invest in treasury bills
The Reserve Bank of India (RBI), allows foreign portfolio investors (FPI) to invest in shorter maturity Government bonds like treasury bills. This is subject to the...
HCL Infosystems to terminate deal with Axis Investment
HCL Infosystems has decided to scrap the deal with Axis Investment Incorporated, to sell its subsidiary. In a regulatory filing the company stated, “The closure...