SB Energy, renewable energy arm of SoftBank, has mandated Bank of America Merrill Lynch and Barclays to help raise $500-$750 million in SBG Cleantech — it’s 80:20 joint venture with Bharti, multiple people aware of the development said. https://economictimes.indiatimes.com/industry/banking/finance/softbank-bharti-jv-eyes-up-to-750-million-fund-raise/articleshow/76078064.cms
Drugmaker Sun Pharmaceutical Industries Ltd said on Friday that it received Indian regulatory approval to start clinical trials of pancreatitis drug nafamostat mesilate in COVID-19 patients. https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/indias-sun-pharma-to-conduct-clinical-trial-of-pancreatitis-drug-in-covid-19-patients/articleshow/76089435.cms
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors. https://www.moneycontrol.com/news/business/economy/singapore-top-source-of-fdi-in-fy20-with-investments-worth-14-67-billion-5334491.html
The company has signed a memorandum of understanding (MoU) with the Tamil Nadu government, covering Rs 2,277 crore of investments designed to expand its commercial vehicle production, DICV said in a statement. Read more at: https://economictimes.indiatimes.com/industry/auto/auto-news/dicv-to-invest-rs-2277-cr-to-expand-commercial-vehicle-production-at-oragadam-plant/articleshow/76071297.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Having launched the first ‘Covid Test Bus’ in the city earlier in the month, the council also said trials have already begun on two of the supercomputer clusters in the megapolis, which alone has seen more than 35,000 cases out of the close to 1.58 lakh in the country and nearly 2,000 of the overContinue reading
Any such investment could prove to be a breather for Vodafone Idea, which has been reeling under increasing financial stress. https://www.moneycontrol.com/news/business/companies/google-eyes-entry-into-indian-telecom-market-with-5-stake-purchase-in-vodafone-idea-report-5328871.html
The allotment was approved by the company’s board of directors on Wednesday, it said. Read more at: https://economictimes.indiatimes.com/markets/bonds/welspun-enterprises-to-raise-rs-175-crore-through-allotment-of-ncds/articleshow/76069661.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Under the Maharashtra state road improvement project, two major district roads and 11 state highways, with combined length of 450 km will be upgraded to two-lane standard across seven districts. Read more at: https://economictimes.indiatimes.com/news/economy/infrastructure/adb-approves-usd-177-mn-loan-for-road-projects-in-maharashtra/articleshow/76069908.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Jio Platforms, which houses music and movie apps as well a Reliance’s telecom venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook within a month. Read more at: https://economictimes.indiatimes.com/industry/telecom/telecom-news/abu-dhabi-state-fund-in-talks-to-invest-1-billion-in-jio-platforms-sources/articleshow/76069257.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Gaja Capital, Kotak Life, Lok Capital, TIAA and Kiran Vyapar are the investors who participated in the round. Read more at: https://yourstory.com/2020/05/funding-suryoday-small-finance-bank-gaja-lok-capital?utm_pageloadtype=scroll
