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Category: Investment news

  • Jharkhand announces incentives up to Rs 10cr for investment in tourism

    The Jharkhand government announced a slew of fiscal incentives for those willing to invest in developing tourism facilities, including hotels and resorts, amusement parks, ropeways and adventure sports, to give a boost to the sector and attract tourists to the state. The incentives were announced in the recently-unveiled state tourism policy, which aims to make […]

    January 10, 2022

  • Ex-RBI Governor Urjit Patel Appointed VP of Asian Infrastructure Investment Bank

    Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as a vice-president of the Beijing-based Asian Infrastructure Investment Bank (AIIB), a multilateral funding institution, according to sources in the bank on Sunday. India is a founding member of AIIB with the second-highest voting share after China. It is headed by the former […]

    January 10, 2022

  • IPO-bound Delhivery announces investment in Falcon Autotech

    IPO-bound logistics service Delhivery has announced its investment in Falcon Autotech, a logistics automation solutions provider. This is in line with Delhivery’s stated objective of sustained investments in future-ready hardware solutions in its operations. The amount invested is undisclosed by both the firms. With this partnership, Delhivery expects to work closely with Falcon Autotech to design […]

    January 7, 2022

  • Reliance Retail picks 25.8% stake in Dunzo for $200 million

    Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery. With the investment of $200 million, Reliance Retail will own 25.8% stake in the online delivery platform on a fully diluted basis. Existing investors Lightbox, […]

    January 7, 2022

  • Stick to your investment plan even if market is volatile, says Ajay Tyagi of UTI AMC

    Ajay Tyagi, Head of Equity at UTI AMC has advised that new age investors have to avoid timing the market, have an asset allocation plan, follow this plan systematically and stick with it even when things look volatile in the short run. Investors trying to change their investment strategy every now and then to make […]

    January 6, 2022

  • AI firm Fractal becomes second unicorn in 2022 with $360 million investment from TPG

    Fractal, a US-based artificial intelligence firm, becomes the second unicorn in 2022 with the latest investment of $360 million from the private equity firm TPG Capital Asia. The funding will close by the first quarter of 2022. With the latest investment, the company’s valuation has exceeded $1 billion, according to industry sources. Mamaearth, valued at […]

    January 6, 2022

  • Capricorn Investment Group Takes 20% Stake in Norselab’s European Impact Investment Platform

    OSLO, Norway & NEW YORK–(BUSINESS WIRE)–Capricorn Investment Group makes their first move into the Nordic venture space with their investment in Norselab, an Oslo-based European impact investment manager for private capital. “With their thoughtful approach to innovative impact investments, Norselab stands out as an ideal partner to expand our presence into the Nordics and Europe. […]

    January 5, 2022

  • State Bank of India invests $20 million in Pine Labs

    Bengaluru: India’s largest lender, the State Bank of India NSE 0.90 %, has invested $20 million in Pine Labs, the fintech startup said Tuesday without sharing any further details of the deal. The IPO-bound online payments and merchant solutions platform raised around $700 million in multiple tranches last year and was last valued at $3.5 billion. ET reported […]

    January 5, 2022

  • Top sectors to invest in 2022

    After ending the calendar year 2021 with a gain of 22 per cent on the Sensex and 24 per cent on the Nifty, red flags are now up on the Street with analysts suggesting investors tread carefully as the markets face multiple headwinds – both from domestic and global factors – which can keep them choppy in […]

    January 4, 2022

  • Top sectors to invest in 2022

    After ending the calendar year 2021 with a gain of 22 per cent on the Sensex and 24 per cent on the Nifty, red flags are now up on the Street with analysts suggesting investors tread carefully as the markets face multiple headwinds – both from domestic and global factors – which can keep them choppy in […]

    January 4, 2022

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