Accel, the early-stage venture capital major, is planning to make investments in as many as 25 Indian startups this year, and may launch an India-focused fund in the next couple of years, an executive at the firm said. The firm had made 17 investments in 2023 and 51 in 2022, according to data… Continue reading Venture capital major Accel aims to invest in 25 Indian startups: Prashanth | Start Ups
Tag: capital
CCTV to art installations, Capital facelift gets final touch
In Delhi, the India Gate has been the site of a rigorous remaking in the past couple of years. Now, it is witnessing finishing touches to delicately sculpted tiered fountains on the periphery of the hexagon housing the war memorial. The fountains aren’t an exception. Art installations have come up across the national… Continue reading CCTV to art installations, Capital facelift gets final touch
Fresh spell of rain in national capital, minimum temperature 25.2 deg C
Vehicles ply on roads during rains, in New Delhi (Photo: PTI) There was a fresh spell of rain in the national capital on Saturday morning and the minimum temperature settled at 25.2 degrees Celsius, two notches below the season’s average, the India Meteorological Department said. The department predicted generally cloudy skies with moderate… Continue reading Fresh spell of rain in national capital, minimum temperature 25.2 deg C
IndiGo to set up LLP for venture capital investments in early stage firms
IndiGo’s Chief Financial Officer Gaurav Negi said it will be going for regulatory approvals for setting up the LLP and that internal discussions are happening about the possible investments. InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. … Continue reading IndiGo to set up LLP for venture capital investments in early stage firms
Floods around Chinese capital kill at least 20, leave 27 missing: Report
Torrential rain in areas around China’s capital, Beijing, killed at least 20 people and left 27 missing, the government reported Tuesday, as flooding destroyed roads, uprooted trees and knocked out power. Thousands of people were evacuated to shelters in schools and other public buildings in suburban Beijing and in the nearby cities of… Continue reading Floods around Chinese capital kill at least 20, leave 27 missing: Report
Foreign players’ share in private sector capital expenditure declines
Over the past six months, the proportion of foreign companies in private sector investments aimed at the construction of new factories and facilities has diminished. This decline is a result of a surge of significant domestic announcements and a moderate slowdown in foreign capital expenditure plans, although foreign investments remain near peak levels. … Continue reading Foreign players’ share in private sector capital expenditure declines
Centre tables National Capital Territory of Delhi (Amendment) Bill in LS
The Union government on Tuesday tabled the contentious Government of National Capital Territory of Delhi (Amendment) Bill, 2023, in the Lok Sabha, seeking to replace an ordinance related to the control of services in the national capital. The proposed legislation, which has brought the Delhi government and the Centre at loggerheads, empowers the… Continue reading Centre tables National Capital Territory of Delhi (Amendment) Bill in LS
KredX to disburse Rs 2,000 cr in working capital for MSME sector
KredX, a supply chain finance platform, said on Tuesday it will disburse Rs 2,000 crore in working capital to serve the working capital demand of businesses before the three-month festive period starting September. The announcement is part of the company’s ‘KredX Spark’ initiative. “We see a very surge in demand from the… Continue reading KredX to disburse Rs 2,000 cr in working capital for MSME sector
Peerless group plans Rs 1,000 crore capital expenditure over three years
The Peerless group is eyeing a capex of Rs 1,000 crore across its businesses over the next three years. In the healthcare business, the group has lined up a capex plan of Rs 600 crore. It would be invested in setting up an oncology block at Peerless Hospital, which is undergoing expansion to… Continue reading Peerless group plans Rs 1,000 crore capital expenditure over three years
Clix Capital gets $20 mn loan for promotion of sustainable projects
He said the deployment of the fund would be done in the next six to eight months NBFC firm Clix Capital on Monday said it has signed an agreement with Global Climate Partnership Fund (GCPF) for USD 20 million (about Rs 160 crore) loan. GCPF is a Luxembourg-based innovative impact investing fund managed… Continue reading Clix Capital gets $20 mn loan for promotion of sustainable projects