Tag Archives: invest

Oyo Rooms may invest in FreshMenu to enter food delivery business

Budget hospitality startup Oyo Rooms is in advanced talks with FreshMenu to buy a significant stake in the cloud-kitchen startup, sources told Mint. This deal would mark the entry of India’s third most valued startup in the online food delivery business. These discussions come months after Oyo raised nearly $1 billion, which pushed up its valuation to $5 billion. “Oyo… Read More »

Nayara Energy to invest $850 mn to expand into petrochemical business

Russian oil giant Rosneft-led Nayara Energy on Friday unveiled a USD 850 million expansion plan for its Vadinar refinery in Gujarat, marking its foray into the petrochemical business. Nayara Energy, erstwhile known as Essar Oil, operates a 20 million tonnes a year oil refinery at Vadinar. In the first phase, the company plans to set up a 450,000… Read More »

Xiaomi Parts Supplier Holitech to Invest $200 Million in India

China’s Xiaomi Corp said on Monday its component supplier Holitech Technology would invest about $200 million in three years in India which is the world’s second-biggest smartphone market. Xiaomi had said in April that it wanted its global smartphone component makers to set up base in India, in what could potentially bring as much as $2.5 billion (roughly Rs. 17,200… Read More »

InFocus to Invest $10 Million to Expand India Operations

InFocus, which has a licensing deal with contract handset maker Foxconn, will invest $10 million (roughly Rs. 64.5 crores) in the Indian market to expand its operations in the world’s second largest telecom market. In its second attempt to tap into the market in India, InFocus will line up about 16 feature phones and smartphones this year as it eyes a… Read More »

Jaitley invites Aussie businesses to invest in India

On his first day in Sydney, Mr. Jaitley inaugurated ‘Make in India’ conference where he strongly pitched for foreign investments in India. Showcasing significant investment opportunities in manufacturing and infrastructure sector, Finance Minister Arun Jaitley has invited Australian businesses to come and invest in India as he wraps up his four-day visit to the Asia Pacific country. During… Read More »

EPFO to invest more in govt bonds amid corporate loan defaults

EPFO is expected to receive about Rs 1.12 lakh crore in incremental deposits during this fiscal ending March 2016. Amid a surge in the number of loan defaults by corporates, retirement fund body EPFO will cut exposure in corporate bonds and park more funds in the secure government securities. The finance ministry has approved a proposal mooted by… Read More »