Mahindra Lifespaces. Photo: wikipedia.org Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has said it was planning to invest around Rs 6,000 crore in residential business over the next four years. The move is to drive its business growth, which is targeted to increase fivefold… Continue reading Mahindra Lifespace to invest Rs 6,000 crore in residential business by FY28 | Company News
Tag: invest
Venture capital major Accel aims to invest in 25 Indian startups: Prashanth | Start Ups
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
Bajaj Auto to invest over Rs 3,000 crore in finance arm BACL: Official | Company News
Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto is ramping up its wholly-owned captive finance subsidiary Bajaj Auto Credit Ltd (BACL) and plans to invest more than Rs 3,000 crore over financial years 2024-25 and 2025-26, a senior company official said. Rajiv Bajaj, managing director of Bajaj Auto Ltd, said that BACL has already… Continue reading Bajaj Auto to invest over Rs 3,000 crore in finance arm BACL: Official | Company News
Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
If these funds fail to make investments within this time limit, then Sebi can allocate their unutilized limits to other applicant AIFs and VCs. Capital markets regulator Sebi on Friday reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to four months… Continue reading Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
Won’t invest further in RBL unless it sees ‘compelling value’: M&M
Mahindra and Mahindra (M&M) on Friday said that it does not expect to invest more in RBL Bank unless it sees ‘compelling strategic value’ beyond the 3.5 stake that it has already acquired recently for Rs 417 crore. The company said that the investment in the private sector lender was made with a long-term… Continue reading Won’t invest further in RBL unless it sees ‘compelling value’: M&M
Cognizant Technology to invest $1 billion in Gen AI over three years
Cognizant Technology Solutions has announced plans to invest $1 billion in Generative Artificial Intelligence (AI) over the next three years. This commitment will cover areas including platforms, personnel, partnerships, IT infrastructure, and mergers and acquisitions (M&As), according to CEO Ravi Kumar S. “We anticipate that Cognizant will be a primary beneficiary of the… Continue reading Cognizant Technology to invest $1 billion in Gen AI over three years
Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares
Mahindra Electric Automobile Ltd (MEAL), Mahindra & Mahindra’s electric vehicle arm, on Thursday, announced that investment firm Temasek would invest Rs 1,200 crore in the company in compulsorily convertible preference shares. With this, the company’s valuation will rise 15 per cent from Rs 70,070 crore to Rs 80,580 crore. “The securities subscription… Continue reading Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares
Cut-off yield on 364-day Treasury bill up 7 bps as traders resist to invest
The cut-off yield on the 364-day Treasury bill has been set 7 basis points higher than the previous week. This shift occurs as traders show reluctance towards investing in short-term papers, due to uncertainty surrounding the domestic rate trajectory. The Reserve Bank of India has fixed the cut off yield on the 91-day,… Continue reading Cut-off yield on 364-day Treasury bill up 7 bps as traders resist to invest
Manipal Group chairman Ranjan Pai in talks to invest in Byju’s-owned Aakash
Manipal Group Chairman Ranjan Pai is in early discussions to invest in Byju’s-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju’s founder and Chief Executive Officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million… Continue reading Manipal Group chairman Ranjan Pai in talks to invest in Byju’s-owned Aakash
Public sector coal companies to invest Rs 2.5 trn in new biz by 2030: Joshi
They will also increase their respective capacities as well, Joshi said speaking to the players of construction and equipment industry. Public sector coal companies have made an investment plan of Rs 2.5 lakh crore by 2030 towards “new business”, Union Minister Pralhad Joshi said on Tuesday. The investment will be utilised to increase… Continue reading Public sector coal companies to invest Rs 2.5 trn in new biz by 2030: Joshi