The Government recently announced an Rs 40,000 Crore Production-Linked Incentive Scheme for electronics. It is working upon setting up an Electronics Commission to push electronics’ manufacturing and reducing its import dependence on China. Here is some latest financial news of private equity, venture capital and mergers & acquisitions: Private Equity PAG to buy 51% stake in Edelweiss Wealth Management: Hong […]
Joining the “Boycott China” chorus, JSW Group, which has a net import of $400 million annually (majorly ‘clinker’, a form of cement) from china decides to bring it down to zero in the next 24 months. Here are some latest financial news of private equity, venture capital and mergers & acquisitions: Private Equity BP invests $70 mn in Everstone-Lightsource’s green […]
Abu Dhabi Investment Authority (ADIA), which invests money globally on behalf of UAE’s emirate, which invest money globally on behalf of UAE’s emirate is investing Rs 5,683.5 Cr ($752 million) in Jio Platforms. ADIA’s investment will translate into a 1.16% stake in Jio Platforms. Together, ADIA and Mubadala will own 3.01% stake in Jio. Here is some latest financial news […]
Jio Platforms has raised Rs 78,562 Cr from leading technology investors within a month. Reliance industries Ltd (RIL) is now considering an overseas listing of Jio platforms. The enterprise value of Jio Platforms has reached Rs 5.15 Tn, within 6 months. RIL is also approaching the Indian capital market to raise Rs 53,000 Cr via its first right issue in […]
In view of the situation emerging out of the outbreak of COVID-19, which requires adherence of social distancing norms, the stakeholders have pointed about various difficulties MCA after considering this fact granted certain relaxation few of them are briefed as under. Clarification on holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM) Further […]
India entered COVID-19 crisis with limited fiscal space, having breached the previous budget deficit target of 3.3% and raising 0.5%. with a dwindling fiscal outlook, any further fiscal easing will put pressure on india’s sovereign rating. Governments dedicate more than $8 tn to fight COVID_19 pandemic. India’s lockdown measures seem to be at par with developed countries. But while they […]