MSME

MSME

Raymond Group to invest 425 crore in Maharashtra

Opportunity India Desk Feb 21, 2018 - 1 min read

JK Investors (Bombay) Ltd led Raymond Group has sealed an investment deal worth Rs 425 crore with the government of Maharashtra. According to the group the agreement is aimed to set up residential complex, commercial amenities, school project and sport complex in Nandgaon Peth, Amravati, the group said in a statement. As per the MoU, ...

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Walmart-Flipkart deal may include retail chain set up in India

Opportunity India Desk Feb 20, 2018 - 2 min read

Walmart's investment deal with the home grown giant Flipkart has not only added supply to the local firm but as per the reports the deal may include setting up of a retail - offline - chain in India as well. The deal will pave a way for American retail giant to open retail outlets in ...

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Apollo Hospitals gives letter of comfort to Banks helping subsidiaries to raise funds

Opportunity India Desk Feb 20, 2018 - 1 min read

Two of the subsidiaries, Apollo Health and Lifestyle and Apollo Specialty Hospitals of Apollo Hospital will be availed the credit facilities by issuing a letter of comfort to Yes Bank and HDFC Bank by the Hospital. Apollo Hospitals has passed a comfort letter of Rs 71 crore to Yes Bank to permit Apollo ...

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BMRCL To Recieive 100 Cr From Intel For Bellandur metro station

Opportunity India Desk Feb 19, 2018 - 1 min read

Global technology giant Intel has made an agreement with BMRCL to invest Rs 100 crore for the construction of the Bellandur station. Intel is the second company to invest the 17-km Phase II (A) project that connecting Central Silk Board and KR Puram along the Outer Ring Road. A real estate company ‘the Embassy Group’ ...

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PhonePe partners with IOCL to set up its PoS terminals

Opportunity India Desk Feb 17, 2018 - 1 min read

For the adoption of it’s indigenously designed Point of Sale (POS) device at IOCL retail outlets, digital payments entity PhonePe, has partnered with Indian Oil Corporation Limited (IOCL). The partnership has allowed the customers to pay using UPI, credit and debit cards, PhonePe wallet and other external wallets like Jio Money & Freecharge for their ...

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Mahindra Group to invest in Zoomcar

Opportunity India Desk Feb 16, 2018 - 1 min read

Mahindra & Mahindra group has announced that it would be investing in Zoomcar India Private Limited and in Zoomcar Inc, its US incorporated holding parent company, in keeping with the Mahindra’s thrust on the Shared Mobility Business. Under the aegis of the deal, Mahindra Group would invest up to Rs 176 crore in Zoomcar India ...

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Grasim Allots Rs 3,500cr to boost VSF capacity

Opportunity India Desk Feb 15, 2018 - 1 min read

Aditya Birla Group owned Grasim Industries which occupies as much business as telecom, cement, and textiles, would spend more than Rs 3,500 crore on expanding the output of viscose staple fibre (VSF) that finds key use in making textiles. Dilip Gaur, managing director of Grasim Industries said, "The board has approved a brownfield expansion of ...

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Zee Learn to acquire MT Educare, makes open offer

Opportunity India Desk Feb 15, 2018 - 1 min read

Zee Learn Ltd, the Subash Chandra led Essel Group’s education outlet has agreed to acquire a 44.53% stake in education services company MT Educare Ltd for Rs 200 crore ($31.3 million). The has also made an open offer to shareholders of Mumbai-listed MT Educare to buy an additional stake of up to 26% as per ...

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Chinese online retailer JD.com raises $2.5 billion for logistics

Opportunity India Desk Feb 14, 2018 - 1 min read

In an effort to bolster its position further in online retail, the second-largest Chinese e-commerce firm JD.com Inc has raised $2.5 billion for its logistics arm. The company in a statement said JD Logistics was valued at $10.9 billion prior to the new funding, which was led by Hillhouse Capital, Sequoia China, China Merchants Group ...

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CDPQ, Others among Aster DM’s anchor investors

Opportunity India Desk Feb 12, 2018 - 2 min read

Aster DM Healthcare Ltd has raised Rs 294.04 crore ($45.68 million) from anchor investors including Canadian pension fund CDPQ and UK-based First State Investments ahead of its initial public offering. Started by non-resident Indian businessman Azad Moopen, the Company allotted 15.47 million shares at the upper end of the Rs 180-190 price band to seven ...

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