RIL to invest Rs.50 bn in Bengal
Reliance Industries (RIL) Chairman Mukesh Ambani has announced an investment of Rs.5,000 crore, in expanding telecom and petro-retail businesses in West Bengal. He also stated that,...
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ICICI Prudential MF modifies max investment amount for income fund
ICICI Prudential Mutual Fund has revised the maximum amount of investment allowed per investor, under ICICI Prudential Regular Income Fund, with immediate effect. The maximum...
Apollo Tyres to invest Rs.1,800 cr on new plant in Andhra
Apollo Tyres will be investing approx Rs.1,800 crore on a new plant in Andhra Pradesh. This will be the company’s seventh facility globally. The company...
Flipkart invests Rs.2,600 crore in eKart
Flipkart, as per the filings with the Ministry of Corporate Affairs. has invested over USD 400 million in 4 separate tranches in its logistics arm eKart...
Orient Green Power disinvests in 8 biomass subsidiaries
Orient Green Power Company has disinvested 8 biomass subsidiaries to Janati Bio Power with effect from December 31,2017. Janati Bio Power is a subsidiary of...
Adani Capital invests Rs.100 crore in BSCPL
The non banking financial services arm of Adani group has invested Rs.100 crore in BSCPL Infrastructure. The infrastructure firm is mainly in the business of...
Patanjali to invest Rs.100 cr for manufacturing solar equipment
Patanjali Ayurved, proposes to invest approx Rs.100 crore in solar equipment manufacturing. As per Acharya Balkrishna, managing director of Patanjali Ayurved, “Getting into solar is in...
IFC to invest USD 75 mn in Cholamandalam Investment
The International Finance Corporation (IFC) has proposed to invest approx USD 75 million in Cholamandalam Investment and Finance Company Limited (CIFCL). This investment will be in...
Moody’s Investors Services has upgraded India’s sovereign ratings
International rating agency, Moody’s Investors Service has upgraded India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the...
HCL Technologies proposes to invest Rs.110 cr in project Samuday
HCL Technologies, as a part of its Corporate Social Responsibility (CSR) plans to invest approx Rs.110 crore, in an initiative Samuday,which is working for the...