INDIA> UK based Vedanta Resources is set to invest 600 billion Indian rupees ($8.42 billion) in India over a period of next three years

Vedanta Vedanta Resources is set to invest up to 600 billion Indian rupees ($8.42 billion) in India over a period of next three years primarily to expand in zinc business. Vedanta Resources is also targeting to expand in Africa and together Vedanta Resources is targeting to achieve a total annual global production of zinc to 2 million tons. Vedanta Resources is More …

INDIA > Hong Kong based Steadview Capital is set to invest an estimated $30 million on India based IndWealth, an artificial intelligence and machine learning-based wealth management and advisory platform

Steadview logo IndWealth which is an artificial intelligence and machine learning-based wealth management and advisory platform is founded by the famous Ashish Kashyap who founded the travel company Ibibo Group which was acquired by peer MakeMyTrip for an estimated $2 billion two years ago. IndWealth, which is still in stealth mode is his second entrepreneurial venture. IndWealth will offer a slew of services to More …

INDIA > Hong Kong based Steadview Capital is set to invest $100 million in India based Ola, a ride hailing company after raising $50 million from two Chinese investors : Sailing Capital and China Eurasian Economic Cooperation Fund

Steadview logo After the new investment from Hong Kong based Steadview capital, Ola is likely to hit $5.5 billion dollar valuation. Ola is striving to become profitable from its core taxi aggregation business, from international expansion and also from its food delivery company under Foodpanda. Steadview Capital is already an existing investor in Ola and is set to invest an additional $100 More …

INDIA > USA based Swych is set to acquire India based Gift Cards India

swych Founded in 2015 by Indian American Deepak Jain, Swych Inc. is a mobile gifting platform which is set to acquire India based Gift Cards India. Firoz Khan and Cory York are the founders of Gift Cards India which was founded in 2011 and has been operating successfully as a gift cards business serving millions of customers, enterprises, loyalty platforms and More …

INDIA > Japan based Kawasaki is to expand its existing Chakan Facility in India

Kawasaki Kawasaki is set to expand its manufacturing unit in Chakan, India to serve as a hub for both domestic and international markets. The Chakan facility will manufacture motorcycles for export to markets such as Africa and Latin America and will make price reduction for popular models such as  Z250 and Ninja ZX-10R due to localized production in India. According to More …

INDIA > UK based HH Global is set to expand to Mumbai, India by opening a new office

hh global UK based marketing firm – HH Global is set to open a new office in Mumbai, India. The new office will be a work space of 13,500 square feet and will be located in Lotus Corporate Park. Features of the particular office includes large kitchen which is considered a space of collaboration and innovation, creative spaces and expanded departments and More …

INDIA > IFC which is a member of the World Bank Group is set to invest INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)

IFC logo   Investing $100 million in Mahindra Finance, IFC intends to enable Mahindra Finance to further augment its growth and in turn extend mainly farming loan to individuals to buy tractors, vehicles and other equipment along with financing small and medium enterprises. To be secured through nonconvertible debentures, this loan will assist Mahindra Finance which is already the country’s leading rural More …

INDIA > UK based IHG is set to open in Agra, India with the signing of Holiday Inn Agra MG Road

IHG logo For strengthening its presence in India, UK based IHG is set to open Holiday Inn Agra MG Road. IHG has signed a management agreement with Hotel Maria Agra for the Holiday Inn Agra MG Road. Expected to have 150 rooms, Holiday Inn Agra MG Road is to be operational in 2018. With this IHG completes the Delhi- Jaipur- Agra Golden More …